[Ord. No. 2017-60]
a.
Every licensee shall carry insurance as follows:
1.
Comprehensive motor vehicle liability in an amount not less than $1,000,000 combined single limits;
2.
Workers compensation as required by New Jersey law;
3.
Garage keeper's liability in an amount not less than $1,000, covering fire, theft, explosion and collision coverage;
4.
Garage liability in an amount not less than $1,000,000 combined single limits;
5.
Endorsements to provide for collision coverage for vehicles in tow;
6.
Comprehensive general liability coverage in an amount not less than $1,000,000 for each person and $3,000,000 for each accident; and
7.
Endorsement naming Princeton as an additional insured in all insurance policies (except workers compensation policy). Said endorsement shall specifically incorporate by reference the insurance and indemnification requirements of this section.
b.
All licensees shall hold harmless and indemnify Princeton and its officers, employees and agents, from any and all liability claims, losses or damage arising or alleged to arise from the performance of the towing services requested and/or rendered by the licensee, including any liability which may arise from the licensee's disposal of hazardous materials.