§ 730-21. Insurance Requirements.

(a)

Each franchisee shall maintain in effect at all times, and shall furnish to the city a certificate evidencing, the following types of insurance coverage and specified limits of coverage, issued by an insurance company licensed to do business in the state of Ohio, acceptable to the city, and as required and set forth in greater specificity in the franchise agreement:

(1)

Comprehensive general liability insurance with a limit of a one million dollar ($1,000,000.00) per occurrence and a two million dollar ($2,000,000.00) general aggregate. This policy must include the following coverages: premises and operations liability, independent contractors, products and completed operations, personal injury, contractual liability, and fire damage;

(2)

Automotive liability insurance coverage providing a combined single limit of not less than one million dollars ($1,000,000.00) per occurrence. This policy must include the following coverages: bodily injury and property damage including premises and operations;

(3)

Workers compensation insurance shall be provided for all of franchisee's employees as required under Ohio law; and

(4)

Employers liability insurance providing a single limit of not less than one million dollars ($1,000,000.00), bodily injury by each accident, and providing a single limit of not less than one million dollars ($1,000,000.00), bodily injury disease per each employee, and providing a single limit of not less than one million dollars ($1,000,000.00) bodily injury by disease policy limit.

(b)

When an applicant submits an application for a franchise, and when a franchisee submits an application for the renewal of its franchise, the franchisee shall furnish the city a certificate evidencing this insurance coverage is in effect for the same term as the franchise agreement, and naming the city as an additional insured (except with regard to the workers compensation and employers liability insurances). The franchisee shall notify the city in writing by registered or certified mail thirty (30) days in advance of any cancellation, intent not to renew, or any other changes in the insurance coverage. Upon the cancellation or lapse of any policy of insurance required by this chapter or the franchise agreement, the franchisee's license to operate as a franchisee in the city under its franchise agreement shall be immediately revoked unless, before the expiration date of the policy of insurance, another policy of insurance containing all the requirements of the original policy of insurance is obtained and a new certificate is provided to the department.

(Ordained by Ord. No. 489-2012, § 1, eff. Jan. 14, 2013)