A. Indemnification. To the extent permitted by applicable law, every holder of a permit issued pursuant to this chapter shall agree to indemnify and hold harmless the city, its officers, agents and employees from and against any and all claims, demands, actions, losses, damages, costs, liens and judgments, including without limitation claims, demands, actions, losses, damages, costs, liens and judgments for death or injury to any person or damages to property, arising out of or relating to the permit holder’s placement, operation or maintenance of any newsrack authorized under this chapter. Such agreement shall be on a form approved by the city and signed by both parties prior to the issuance of a permit.

B. Liability Insurance. Prior to the issuance of a permit to place a newsrack on a public right-of-way, permit applicants shall provide the director with a certificate of commercial general liability insurance with limits no less than five hundred thousand dollars each occurrence and five hundred thousand dollars in the general aggregate, as well as an additional insured endorsement naming the city as an additional insured under the permit applicant’s commercial general liability insurance policy. Reasonable evidence of equivalent self-insurance coverage may be substituted by the applicant for the certificate of commercial general liability insurance. (Ord. 3195-10 § 6, 2010.)