Coverage. The policy shall insure the Village of Ossining
and the subdivider and shall cover all operations in the development
involving existence and maintenance of property and buildings and
contracting operations of every nature, including all public improvements.
Said policy shall have limits of liability of $100,000 for bodily
injury to each person and $300,000 liability on the aggregate for
each accident and property damage liability of $5,000 for each accident
and $25,000 aggregate property damage liability.