§ 13.04.110. Insurance—Certificate or financial security required before permit.
Latest version.
Before a permit is issued, the applicant shall provide the city with a certificate
of insurance or other financial security in a form and amount acceptable to the public
works/water utilities director. The certificate shall list the city and its officers
and employees, as additional named insureds and shall identify the improvement to
which the insurance applies. The certificate shall require 30 days notice to the city
before termination, cancellation or modification of the insurance policy. The certificate
of insurance or financial security provided by the applicant shall secure the city
against claims and damages for personal injury and for property damage that may arise
from or out of the work or from any infrastructure installed, placed or maintained
under this chapter, whether by the applicant, a subcontractor or anyone directly or
indirectly employed by the applicant. The insurance or other financial security required
shall cover, in addition, motor vehicle liability, worker's compensation and all other
claims whatsoever to persons and property. The amounts of insurance or financial security
required under section 13.04.110 shall be the then current limits of the city liability under the Colorado Governmental
Immunity Act (C.R.S. § 24-10-101 et seq.). Each permit holder shall maintain the required
liability insurance for the duration of the permit. The public works/water utilities
director may waive the requirement of a certificate of insurance or other financial
security for a governmental entity.
