Surety bonds required for Borough officials and employees shall be executed by a corporate surety authorized to do business in the Commonwealth of Pennsylvania and shall be conditioned upon the principal's honest and careful performance of his particular duties; shall provide that the acts and omissions of the agents or employees of the principal, or of such persons as he shall knowingly permit to represent themselves as acting for him, shall be deemed to be the acts or omissions of the principal and shall be within the protection of the bond to the same extent as if they were in fact the personal acts or omissions of the principal; and shall be in compliance with the laws of the Commonwealth of Pennsylvania.
The amounts of the bonds for officials and employees of the Borough of Chalfont shall be determined by resolution of the Borough Council. The cost of such bonds shall be borne by the Borough.
The Borough shall maintain the following insurance coverage in amounts deemed reasonable and prudent:
A. 
Catastrophic liability insurance.
B. 
Comprehensive business liability and damage insurance.
C. 
False arrest liability insurance.
D. 
Workmen's compensation liability insurance.
E. 
Public officials liability insurance.
Notwithstanding any other provisions within this chapter, public elective and appointive officials shall be indemnified from personal liability for any act or omission in the performance of their lawful duties on behalf of the Borough.
Any officer or employee of the Borough who is or may be required to give bond to the Borough, conditioned for the faithful performance of his duties, except such officers and employees who are required by law to give individual bonds, may be covered by a public employees blanket bond, the amount and coverage thereof to be determined by the Mayor.