§ 146A-4. Insurance required.

A. 

Required policies.

(1) 

No wrecker shall be placed on the list until it has provided to the Chief of Police a copy of the following insurance policies:

(a) 

A garagekeeper's legal liability policy covering fire, theft and explosion in an amount not less than $250,000.

(b) 

A garage liability policy covering the operation of the applicant's business, equipment or vehicles for any bodily injury or property damage, including cargo coverage, in an amount not less than $250,000.

(2) 

The wrecker must maintain minimum general vehicle liability limits in the sum of $1,000,000 and name the Township of Logan as an additional insured on the certificate of insurance.

(3) 

The policies required in this section shall be subject to review by the TRICOJIF or insurance carrier for the Township of Logan and may be subject to change without the necessity of modifying this chapter.

B. 

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

C. 

The wrecker shall indemnify, defend and hold harmless the Township for any and all claims against the Township arising out of the operation of the wrecker, its servants, agents or employees under this chapter. The wrecker shall provide a written indemnification and hold-harmless agreement, duly executed, to the Township in a form to be approved by the Township Solicitor prior to being placed on the towing schedule.

D. 

The wrecker shall provide a certificate of insurance, with the identity of the insurance company and the policy number, showing limits of coverage, along with the designation that the Township of Logan is named as an additional insured.

E. 

The insurance company must be licensed by the State of New Jersey, Department of Banking and Insurance.

[Added 9-17-2013 by Ord. No. 4-2013]

Amended 9-17-2013 by Ord. No. 4-2013