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Each licensee shall hold harmless the city of Everett, its agents, officials and employees against all claims arising out of all operations relating to disposal of material into the city sewage system pursuant to this chapter and each applicant shall submit an insurance certificate with a loss-payee clause demonstrating bodily injury and property damage liability insurance with combined single limits of five hundred thousand dollars each occurrence and said certificate will include the city as a named insured under said policy. Nothing herein shall in any manner preclude the applicant from obtaining such additional insurance coverage as the applicant may deem necessary for the applicant’s own protection. Cancellation of the required insurance shall be grounds for immediate revocation of the license. The city shall be entitled to thirty days’ notice prior to cancellation. (Ord. 801-81 § 7, 1981.)