Each applicant, before the permit required by this article is issued, shall provide the City with an acceptable certificate of insurance indicating that he is insured against claims for damages for personal injury as well as against claims for property damage which may arise from or out of the performance of the work, whether such performance is by himself, his subcontractor, or anyone directly or indirectly employed by him.
[Amended 6-18-1996 by Ord. No. 1996-19]
The insurance required by the provisions of this division shall cover, among other things, collapse, explosive hazards, and underground work by equipment on the street, and shall include protection against liability arising from completed operations. The amount of the insurance shall be prescribed by the City Engineer in accordance with the nature of the risk involved; provided, however, that the liability insurance for bodily injury in effect shall be in an amount not less than $100,000 for each person and $300,000 for each accident, and for property damages an amount not less than $50,000 with an aggregate of $100,000 for all accidents. Public utilities and authorities may be relieved of the obligation of submitting such a certificate if they are insured in accordance with the requirements of this article.