Section 10-5 Company Liability; Indemnification of Town
(a) Liability coverage.The company shall save the town harmless from all loss sustained by the town on account of any suit, judgment, execution, claim or demand whatsoever arising out of the construction, operation and maintenance of the system by the company. The company shall agree to maintain and keep in full force and effect at all times during the term of the franchise during any operation by it of the system sufficient liability insurance coverage to protect the town against any such claims, suits, judgments, executions, demands in a sum not less than $500,000.00 per person in any one claim, $1,000,000.00 as to any one accident or occurrence and not less than $300,000.00 for property damage as to any one accident or occurrence.
(b) Worker's compensation coverage.The company shall also maintain in full force and effect throughout the term of its franchise and during any operation by it of the system, sufficient worker's compensation insurance coverage to adequately and fully protect its agents and employees as required by law.
(c) Resident company and agent.All insurance policies as are required of the company in its franchise or this chapter shall be written by a company or companies authorized and qualified to do business in the state. Certificate of all coverage shall be promptly filed by the company with the town clerk.
(Code 1981, § 6-3005)