The amounts of insurance shall include public liability insurance
in an amount not less than $100,000 for injuries, including wrongful
death, to any one person and subject to the same limit for each person,
in an amount not less than $300,000 for any one accident and property
damage insurance in an amount not less than $50,000 in aggregate.
The insurance policy shall be approved by the corporation counsel
of the city as to form and amount. The policy shall name the city
as an additional insured.