[Amended 9-15-1970 by Ord. No. 673, approved
9-15-1970; 4-5-2005 by Ord. No. 1160, approved 4-5-2005]
Each applicant, upon the receipt of a permit,
shall provide the Borough with an acceptable certificate of insurance
indicating that he is insured against claims for damages for personal
injury as well as against claims for property damage which may arise
from or out of the performance of the work, whether such performance
be by himself, his contractor or anyone directly or indirectly employed
by him. Such insurance shall cover collapse, explosive hazards and
underground work by equipment on the street and shall include protection
against liability arising from completed operations. The amount of
the insurance shall be prescribed by the Borough Manager, in accordance
with the nature of the risk involved; provided, however, that the
liability insurance for bodily injury in effect shall not be less
than $50,000 for each person and $100,000 for each accident and, for
property damages, not less than $25,000 with an aggregate of $100,000
for all accidents. In the event that the excavation exceeds 120 square
feet in area, then and in that event, the liability insurance for
bodily injury in effect shall not be less than $100,000 for each person
and $300,000 for each accident and, for property damages, not less
than $50,000 with an aggregate of $100,000 for all accidents
