Insurance.
Indianapolis-Marion County Revised Code § 875-416
in effectSec. 875-416. - Insurance.
The insurance requirements are met if the person, partnership or corporation secures insurance covering all wrecking and related construction accomplished by the licensee or under permits obtained by the licensee and thereafter maintains such insurance in full force and effect throughout the license period:
(1) A public liability and property damage insurance policy assuring the licensee and naming the Consolidated City of Indianapolis as an "additional assured," and providing also for the payment of any liability imposed by law on such licensee or the Consolidated City of Indianapolis arising out of operations being performed by or on behalf of the licensee in the minimum amounts of five hundred thousand dollars ($500,000.00) for combined bodily injury and property damage coverage or five hundred thousand dollars ($500,000.00) for any occurrence relative to which there is injury or death to one (1) or more persons, and one hundred thousand dollars ($100,000.00) for any occurrence relative to which there is damage to property. A certificate of such policy shall be delivered to the license administrator; and
(2) Workmen's compensation insurance covering the personnel employed for death or injury arising out of operations being performed by or on behalf of the licensee. A certificate of such insurance shall be delivered to the license administrator. This provision shall not apply if the licensee has no employees and gives appropriate notice to the division of construction and business services.
The insurance carrier shall give notice both to the licensee and the division at least fifteen (15) days before such insurance is either canceled or not renewed, and the certificate shall state this obligation.
(G.O. 95, 1994, § 1; G.O. 132, 1995, § 30; G.O. 3, 2002, § 65; G.O. 8, 2005, § 19; G.O. 63, 2009, § 133; G.O. 41, 2016, § 2)
Source: Consolidated City of Indianapolis and Marion County, Revised Code (Municode Library, library.municode.com)URL: https://library.municode.com/in/indianapolis_-_marion_county/codes/code_of_ordinances?nodeId=TITIVBUCORELI_CH875COSKTR_ARTIVLIREWRCO_S875-416INFetched: 10/27/2026