Assume full liability, defend, indemnify, and hold harmless the Borough,
its officers, appointed officials, consultants, servants, and employees
from and against any and all cost, loss, injury, or damage resulting
from any negligence or fault of the permittee, his agents, employees,
contractors and consultants in connection with the activities covered
by the permit. The permittee shall furnish appropriate liability insurance
covering the project to defend, indemnify and hold harmless the Borough
and such persons listed above, in a sum not less than one million
($1,000,000.00) dollars for each claim arising directly or indirectly
out of permittee's activity. The permittee shall also furnish
excess liability insurance for this undertaking to defend, indemnify
and hold harmless the Borough and such persons listed above, in such
sum as permittee may usually carry, but, in the case of utility providers,
not less than five million ($5,000,000.00) dollars for personal injury
and one and one-half million ($1,500,000.00) dollars for property
damage.
Permittee's contractor or subcontractor, when work is not
performed by permittee's personnel, shall, as a minimum, furnish
comprehensive general public liability insurance for all risks entailed
in the project or not less than one million ($1,000,000.00) dollars
per claimant for personal injury and not less than five hundred thousand
($500,000.00) dollars for property damage per occurrence.
The permittee's obligations herein to defend, indemnify,
and hold harmless shall not be conditioned upon the availability or
viability of any insurance coverage, but shall be absolute, unconditional
and unlimited.
All persons providing labor on the site of the permitted activity
shall furnish proof of worker's compensation coverage prior to
commencement of work. All insurance required to be furnished shall
be evidenced by issuance of certificate(s) of insurance with companies
acceptable to the Borough and shall, as to liability coverage, specifically
refer to the obligations assumed by the permittee in reference to
the project which is the subject of the application.
The Borough shall, upon request, be furnished a "memorandum"
copy of the complete policies and all endorsements. The Borough, upon
its request, shall be named as "an additional insured as its interest
may appear." No certificate will be accepted unless it provides for
at least thirty (30) days prior written notice by certified mail,
return receipt requested, to the Borough before the effective date
of cancellation, for any reason, or of expiration of the policy.
A public utility corporation, or municipal corporation, during the period while such bond required by subsection
18-1.10 is in full force and effect, may, in lieu of filing a certificate of insurance for bodily injury and property damage in the amounts as set forth in this section, file with the Borough Clerk, or his designated representative, a certificate certifying that it is a self-insurer and exempt from the necessity of obtaining an insurance policy pursuant to the provisions of the statutes of the State of New Jersey, and that the Borough of Allenhurst is completely indemnified thereby;