A. 
Drainlayer contractors shall maintain insurance as follows:
(1) 
Public liability: $100,000/$300,000;
(2) 
Property damage liability: $50,000/$100,000.
B. 
Drainlayer contractors shall file with the Town Manager a certificate of insurance with a "save harmless" clause (also called an "indemnity agreement") to the Town of Palmer. This clause must be written out on the contractor's insurance certificate.
Drainlayer contractors shall post a bond in the amount of $10,000 to guarantee the satisfactory completion of their work. Licenses are effective for one year from the date of the contractor's bond.