§ A475-5. Insurance.

At all times during the term of the franchise, grantee shall obtain and pay all premiums for a general comprehensive public liability insurance policy indemnifying, defending and saving harmless the Borough, its officers, boards, commissions, 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 by the operations of grantee under this franchise or alleged to have been so caused, with a minimum liability of $100,000 for personal injury or death of any one person, $300,000 for personal injury and death in any one single accident, and $50,000 property damage for any one single accident. The grantee shall file a certificate of insurance, evidencing the issuance of such policy, with the Borough. The foregoing insurance contract shall require 30 days written notice of any cancellation to both the Borough and grantee.