[Ord. No. 501 § 9]
Each applicant shall provide the Township with an acceptable certificate of insurance indicating that he is insured against claims for damages for personal damage which may arise from or out of the performance of the work, whether such performance be by the applicant, the applicant's subcontractor or anyone directly or indirectly employed by the applicant. Such insurance shall also cover collapse, explosive hazards and underground work by equipment on the street and shall include protection against liability arising from completed operations. The liability insurance for bodily injury in effect shall not be in an amount less than one hundred thousand ($100,000.00) dollars for each person and three hundred thousand ($300,000.00) dollars for each accident, and for property damages an amount not less than fifty thousand ($50,000.00) dollars with an aggregate of one hundred thousand ($100,000.00) dollars for all accidents. Self-insurers may be relieved of the obligation of submitting certificates if they are self-insured in accordance with the requirements of State law and submit certificates thereof acceptable to the Township Attorney. In the case of a public utility or authority, a self-insurer certificate issued by the Security Responsibility Bureau of the Division of Motor Vehicles, Department of Law and Public Safety for the State of New Jersey shall be accepted in lieu thereof.