Liability for damage to private property abutting the construction and caused by permittee, his agents or servants shall be borne solely by the permittee performing the work. The application for any permit and the issuance of a permit thereunder shall constitute an agreement between said permittee and the Town of Ayer, whereby the permittee shall indemnify, hold harmless and defend the Town of Ayer against any and all claims for damages for injuries to or death of persons or injury or damage to property, and against all costs, suits, expenses and losses occasioned by or arising from said permittee or his agents or servants entering upon the public ways of the Town and from occupancy and use of said public ways for purposes of construction, disturbance of the surface of a public way, or reconstruction or paving of a driveway, and said permittee shall further be required to provide a policy or policies of insurance issued by a company authorized to issue such insurance in the Commonwealth of Massachusetts, providing bodily injury liability coverage and property damage liability coverage with limits as required in the regulations. The Town of Ayer shall be named as an additional insured in such policies.