[Amended 11-10-1992 by Ord. No. 92-404; 5-23-2017 by Ord. No. 2017-141; 2-19-2019 by Ord. No. 2019-34]
Whenever insurance is required pursuant to this article or by a master license agreement, a certificate evincing such insurance shall be filed with the City Engineer and approved by the Director of Finance or the Corporation Counsel. The insurance shall be kept continuously in force pending completion of the permit work or for such longer period as required by a master license agreement, or in the case of a permanent encroachment, in the City Engineer's sole discretion, so long as the encroachment remains in place. Required insurance shall indemnify the City of Rochester against all loss, cost, damage or expense incurred or sustained by or recovered against the City by reason of the permitted activity. Certificates of insurance shall contain a provision that they shall not expire, nor shall they be canceled, altered or amended, except on 30 days' prior written notice to the City Engineer, served personally or by certified mail. Municipal operations and property shall not be excluded from coverage. Such insurance shall not limit the liability of the permittee. The City shall be named as an additional insured party, and copies of policy endorsements reflecting same shall be provided to the Director of Finance. Liability insurance shall be issued by entities authorized to do business in the State of New York and rated "B+" or better by AM Best. Failure to obtain and maintain required insurance may result in permit revocation and removal or discontinuance of the permit activity.