92-8. Insurance.

  1. Within 30 days after the granting of the franchise and prior to the commencement of construction or system operation, and at all times during the terms of the franchise, the grantee shall obtain, pay all premiums for and file with the Clerk to the Board of County Commissioners executed duplicate copies and receipts evidencing the payment of premiums for the following:
    1. A general comprehensive public liability insurance policy indemnifying, defending and saving harmless the County, its offices, boards, commissioners, agents or employees from any and all claims by any person whatsoever on account of injury to, or death of, a person or persons occasioned or alleged to have been occasioned by the operations of the grantee under the franchise herein granted, in the amount of at least $500,000 combined single limit for personal injury or death of any persons in any occurrence.
  2. Renewal certificates of such insurance shall be promptly forwarded to the Clerk to the Board of County Commissioners as such renewals are made, and such insurance shall be constantly kept in force and effect during the term of this grant or franchise.
  3. The grantee and/or the insurance company shall file with the Clerk to the County Commissioners a written notice of any material alteration or cancellation of any insurance coverage at least 30 days prior to the effective date of property damage insurance indemnifying, defending and saving harmless the County, its offices, boards, commissioners, agents and employees from and against all claims by any person whatsoever for property damage occasioned or alleged to have been occasioned by the operation of a grantee under the franchise herein granted in the amount of at least $500,000 for property damage, combined single limit, in any 1 occurrence.