Section 28-401.9. Insurance

Except  as  noted  otherwise  for  a particular
  license, or exempted by the commissioner pursuant to rule, prior to  the
  issuance  of  a  license,  or  during the renewal thereof, the applicant
  shall file with the department (i) satisfactory evidence  of  a  general
  liability  insurance policy in the amount of one million dollars or such
  other amount as the commissioner may require, listing the New York  city
  department of buildings as the certificate holder; and (ii) satisfactory
  evidence  of  an  insurance  policy for property damage in an amount set
  forth in rules and conditioned upon the  observance  of  all  applicable
  laws and rules governing the licensed activities and upon the payment of
  any applicable judgment awarded for damage to or destruction of property
  occurring  in  the  performance  of  any  regulated work by or under the
  supervision of the  license  holder.  Each  policy  of  insurance  shall
  contain   a  provision  for  continuing  liability  notwithstanding  any
  recovery under such policy. In addition, prior to the  issuance  of  any
  license or seal and plate, if applicable, or during any renewal thereof,
  the  applicant  shall  file with the department satisfactory evidence of
  compliance  with  the  workers'  compensation  law  and  the  disability
  benefits law.