Bond/Insurance Requirement. No registration as described in this
section shall be issued until the person applying therefor shall be
given a bond in the sum of $1,000 and produce to the Township evidence
that he is completely covered by insurance in connection with his
construction work for property damage and public liability and workers'
compensation. The public liability coverage shall not be less than
$50,000 for injury to any one person and $100,000 total for any accident,
and the coverage for property damage shall not be less than $25,000
to indemnify and save harmless the Township from any and all claims
and suits for damages to persons or property arising from the negligence
of any person, firm, or corporation registered under the provisions
of this section or by agents, employees, or workmen of such registrants.
Such registrants, with good and sufficient surety to the satisfaction
of the Township, will pay the full costs of restoration and repair
for any and all damage which may happen or be caused to any tree,
street, pavement, sidewalk, or sewer belonging to said Township, or
to any telegraph, telephone, or electric light pole or wire of any
public service company, whether said damages or injury shall be inflicted
by said registree or by agents, employees, or workmen of the registree,
and conditioned also that said party shall save and indemnify and
keep harmless said Township against all liability, judgment, damages,
costs, and expenses which may, in any case, secure against said Township
in consequence of the granting of such registration, and will fully
and completely restore to its original condition, to the satisfaction
of the Township, all streets, pavements, and sanitary sewers which
may be opened or disturbed by said party, and will in all things strictly
comply with the conditions and provisions of this Part and with the
conditions of any permit issued pursuant thereto.