6.02.080 Insurance requirements.
Contractor shall procure and maintain, and shall cause each subcontractor of the contractor to procure and maintain (or shall insure the activity of contractor’s subcontractors in contractor’s own policy with respect to), the minimum insurance coverages listed below. Such coverages shall be procured and maintained with forms and insurers acceptable to the Town. All coverages shall be continuously maintained from the date of commencement of any work pursuant to the contractor’s license. In the case of any claims-made policy, the necessary retroactive dates and extended reporting periods shall be procured to maintain such continuous coverage.
A. Workers’ compensation insurance to cover obligations imposed by the Workers’ Compensation Act of Colorado and any other applicable laws for any employee engaged in the performance of work for the contractor and employers’ liability insurance with minimum limits of five hundred thousand dollars ($500,000.00) each accident, five hundred thousand dollars ($500,000.00) disease – policy limit, and five hundred thousand dollars ($500,000.00) disease – each employee.
B. Comprehensive general liability insurance with minimum combined single limits of one million dollars ($1,000,000.00) each occurrence and one million dollars ($1,000,000.00) aggregate. The policy shall be applicable to all premises and operations. The policy shall include coverage for bodily injury, broad form property damage (including completed operations), personal injury (including coverage for contractual and employee acts), blanket contractual, independent contractors, products, and completed operations. The policy shall include coverage for explosion, collapse, and underground hazards. The policy shall contain a severability of interests provision.
C. Comprehensive automobile liability insurance with minimum combined single limits for bodily injury and property damage of not less than one million dollars ($1,000,000.00) each occurrence and one million dollars ($1,000,000.00) aggregate with respect to each of contractor’s owned, hired and/or nonowned vehicles assigned to or used in performance of the contractor’s work. The policy shall contain a severability of interests provision.
D. Lapse of insurance shall render the license suspended until such insurance is reinstated. (Ord. 536 §1, 2006)