§ 96-8. Insurance requirements.

A. 

Before any permit shall be issued under this chapter or before any emergency work covered by § 96-10, Emergency excavation and encroachment, is performed, each applicant shall file with the Director a certificate of insurance and shall thereafter provide renewal certificates, as appropriate, executed by an insurance company satisfactory to the Corporation Counsel and in a form and to the dollar value limits acceptable to the Corporation Counsel and the Director, stating that the applicant carries the necessary insurance coverages.

B. 

The City shall be named as an additional insured party.

C. 

All required insurance coverage shall be maintained in full force and effect for the periods required. A representation binding upon the insurer shall be furnished to the Director that the insurance coverage cannot be canceled or amended by the insurer less than 30 days after the Director has received written notice of cancellation or amendment by certified or registered mail, along with a binding representation that the insurer will notify the Director immediately of any such cancellation or lapse in coverage.

D. 

No insurance coverage required or furnished shall in any way relieve the applicant or person performing excavation or encroachment work of any of his or its responsibilities, obligations or liabilities under this chapter or under any other applicable ordinances, laws and regulations.

E. 

An applicant may file blanket insurance with the Director in a form and in amounts acceptable to the Director and the Corporation Counsel, meeting the above requirements, to cover all permits issued said applicant within a twelve-month period.