Ohio Code 4785.07 – Insurance requirements [repealed 4/3/2033]
(A) Elevator contractors shall submit to the division of industrial compliance within the department of commerce proof of insurance coverage greater than or equal to the following amounts:
Terms Used In Ohio Code 4785.07
- Elevator: means a conveyance defined as an elevator in the elevators and escalators safety code. See Ohio Code 4785.01
- Elevator contractor: means any business entity that has been issued an elevator contractor's license under this chapter and that is engaged in the business of providing conveyance services. See Ohio Code 4785.01
- Material alteration: means an alteration, as defined in the standards related to the item altered. See Ohio Code 4785.01
- Property: means real and personal property. See Ohio Code 1.59
(1) One million dollars for injury or death of any number of individuals in any one occurrence;
(2) Five hundred thousand dollars for property damage in any one occurrence;
(3) Workers’ compensation insurance coverage.
(B) Such proof of insurance shall be delivered to the division before or at the time of the issuance or renewal of a license.
(C) If any policy required under this section is materially altered or canceled, the elevator contractor covered by the policy shall give notice of the material alteration or cancellation to the division at least ten days prior to the change.
Last updated March 21, 2023 at 3:42 PM