§ 18-227. Liability insurance.

(a)

Required. No business tax receipt required by the city for a wrecker or towing service shall be issued to an applicant therefor until evidence of the following insurance policies has been provided to the city:

(1)

Garage keeper's policy. A garage keeper's legal liability policy covering fire, theft, and other insurable perils in the minimum amount of $75,000.00 and a deductible not exceeding $500.00, and an on-hook/cargo liability policy with a minimum limit of $75,000.00 and a deductible not exceeding $500.00.

(2)

Garage liability policy. A garage liability policy, covering the operation of the wrecker's business, equipment and vehicles, with a combined single limit for bodily injury and property damage of no less than $250,000.00.

(b)

Notice of change or cancellation. Each policy required herein must contain an endorsement providing for a minimum of 30 days' notice to the city in the event of any material change or cancellation.

(Code 1981, § 16.5-34; Ord. No. 2007-13, § 24, 3-20-07; Ord. No. 2009-8, § 1, 5-5-09)