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e e roadway area, to the extent such travel was allowed prior to the excavation. (b) In the event of an emergency, it being evident that immediate action is necessary for the protection of the public and to minimize property damage and loss of investment, Permittee may, at its own responsibility and risk make necessary emergency repairs, notifying the City Police Dispatch of this action as soon as practical, but not later than one (1) hour after commencing repairs or maintenance. Sec. 102-244. Insurance and Bonding Requirements (a) Under this Article, a Permittee must furnish, prior to any construction, repair, adjustment, relocation, reposition or replacement, and shall further maintain at all times during the life of the Permit, commercial general liability insurance for bodily injury and property damage, including explosion, collapse and underground hazard, coverage in the minimum combined single limit amount of $1,000,000 as it pertains to all pipelines or other facilities owned by the Permittee in the public way in the jurisdiction. Such policy shall name the City, its officers, agents and employees as additional insureds. (b) A certificate of insurance specifying the coverage required in subsection (b) of this section with an insurance company having acceptable insurance rating shall be furnished to the Director prior to the issuance of any permit. Such certificates of insurance shall provide that at least 30 days prior written notice for the termination or modification of the required insurance shall be given to the City. (c) In lieu of liability insurance, a permit applicant shall furnish evidence of financial responsibility which demonstrates the applicant's qualifications as a self-insurer. Such evidence may take the form of the most recent corporate financial report which is acceptable to the City Council as giving assurance of 13