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Insurance Requirements
ROW permittees shall carry, maintain, and file with the city an insurance policy or certificate evidencing coverage, held by an A.M. Best Company financial strength rating of at least B++, and in a form and amount as acceptable and as determined by the city’s public works director. At a minimum, coverage shall include the following: Commercial general liability policy, including broad form property damage, completed operations, and contractual liability for limits in an amount acceptable to the City, but not less than $1,000,000.00 each occurrence for damages of bodily injury or death to one or more persons; and $1,000,000.00 each occurrence for damage to or destruction of property; Special hazards coverage, as may be applicable, such as, but not limited to, property damage as a result of explosion hazard, collapse hazard, underground property damage hazard, commonly known as XCU, added by endorsement to the required liability policies. Worker's compensation and employers’ liability insurance as required by state law. Certificate(s) of coverage, except for workers’ compensation and employers’ liability, shall list the “City of Littleton, Colorado” as an additional named insured. Each permittee shall, during the term of the permit, maintain appropriate liability insurance coverage, naming the city as an additional insured sufficient to cover liability limits under the Colorado Governmental Immunity Act, as evidenced by a certificate of insurance.
Surety Requirements
Every contractor working in the right of way shall provide a surety bond, cash escrow or a letter of credit in the amount of the total cost for the acquisition, installation, construction or reconstruction of the public improvements and private storm infrastructure, or $20,000, as determined by the Director. This security may be refunded to the applicant if the applicant has no public improvements under performance warranty. The surety bond, cash escrow or letter of credit executed by the applicant as principal, is conditioned upon the applicant fully complying with all provisions of the city ordinances, rules, and regulations. The surety bond, cash escrow, or letter of credit shall remain until the city has issued initial warranty acceptance. At that time, the amount of cash escrow or letter of credit may be reduced to 25 percent of the actual construction costs through the final warranty acceptance. This section shall not apply to franchise entities that have already posted a construction bond or letter of credit or governmental entities.
Licenses expire annually on December 31. Renewal is available beginning 90 days prior to the expiration date.