Ordinances-1988-149

b. Workers' compensation insurance with statutory limits, and employer's liability insurance with limits of not less than One Hundred Thousand Dollars ($100,000.00), which shall cover all operations to be performed by the Grantee as a result of this ordinance. c. Automobile insurance with limits of not less than One Hundred Thousand Dollars ($100,000.00)/Three Hundred Thousand Dollars ($300,000.00) of public liability coverage and automobile property damage insurance with a limit of not less than One Hundred Thousand Dollars ($100,000.00) covering all automobile equipment, with so-called umbrella coverage of at least One Million Dollars ($1,000,000.00). Grantee's workman's compensation, comprehensive general liability and comprehensive automobile liability insurance shall be written by an insurance company authorized to do business in the State of Iowa. All of said insurance coverage shall provide a ten (10) day notice to the City in the event of material alteration or cancellation of any coverage afforded in said policies prior to the date said material alteration or cancellation shall become effective. Copies of all insurance policies required hereunder shall be furnished to and filed with the City prior to the commencement of operations or the expiration of prior policies, as the case may be. SECTION 6. Hold Harmless. During the term of the franchise, the Grantee absolutely assumes and agrees to pay the City for, and the Grantee forever indemnifies the City against, and agrees to hold harmless and save the City harmless from any and all damage, injury, costs, expenses, liability, claims, settlement, judgments, decrees, and awards of every kind and nature whatsoever, including attorney's fees, costs, and disbursements, that may ever be claimed against the City by any person whatsoever, including attorney's fees, costs, and disbursements, that may ever be claimed against the City by any person whatsoever, or on account