§ 2-1198. Insurance.

(a)

Generally. Under this article, the chief procurement officer, in consultation with the chief financial officer, shall, at least annually, determine the minimum insurance requirements of the city and evaluate current insurance policies to determine whether minimum insurance requirements continue to be met. The chief procurement officer, with the approval of the commissioner of administrative services and in consultation with the chief financial officer, shall develop procedures for the purchase of insurance for the city, in accordance with this article. Insurance requirements for the city shall be considered for the following purposes:

(1)

Bonds, covenants or conditions of indebtedness of the city.

(2)

Any employee benefit program.

(3)

Public liability insurance for contractors doing business with the city.

(4)

Any other purpose for which insurance is required or expedient, as determined by the chief procurement officer, after consultation with the chief financial officer.

(b)

Public liability insurance for contracts. The chief procurement officer is authorized to establish standard ranges for limits of liability in public liability insurance coverage, as appropriate, for all contracts let by the city where work thereunder will expose the general public to the risks of bodily injury and property damage. If the chief procurement officer determines that it is appropriate to the type of work under the contract and maximizes competition in the bidding or proposal process, lower limits of liability may be required.

(Ord. No. 2009-78(09-O-1876), § 4, 12-15-09)