Unless otherwise provided in franchise agreement, each grantee shall, as condition of the grant, secure and maintain the following liability insurance policies insuring both the grantee and the city, and its elected and appointed officers, officials, agents and employees as coinsured:
A. Comprehensive general liability insurance with limits not less than:
1. Three million dollars ($3,000,000.00) for bodily injury or death to each person;
2. Three million dollars ($3,000,000.00) for property damage resulting from any one accident; and
3. Three million dollars ($3,000,000.00) for all other types of liability.
B. Automobile liability for owned, non-owned and hired vehicles with a limit of one million dollars ($1,000,000.00) for each person and three million dollars ($3,000,000.00) for each accident.
C. Worker’s compensation within statutory limits and employer’s liability insurance with limits of not less than one million dollars ($1,000,000.00).
D. Comprehensive form premises-operations, explosions and collapse hazard, underground hazard and products completed hazard with limits of not less than three million dollars ($3,000,000.00).
E. The liability insurance policies required by this section shall be maintained by the grantee throughout the term of the franchise, and such other period of time during which the grantee is operating without a franchise hereunder, or it engaged in the removal of its facilities or services. Each such insurance policy shall contain the following endorsement:

It is hereby understood that, at least ninety (90) days before this policy is canceled or an intention not to renew this policy is stated, the grantee and the insurer must provide written notice addressed to the City of such intent to cancel or not to renew.

F. Within sixty (60) days after receipt by the city of such notice, and in no event later than thirty days prior to said cancellation, the grantee shall obtain and furnish to the city evidence that the grantee otherwise meets the requirements of this section.
G. As an alternative to the insurance requirements contained herein, a grantee may provide evidence of self-insurance subject to review and acceptance by the city. (Ord. 2000-33 § 1 (part): prior code § 1.942)