Section 54462 Of Article 5. Additional Powers To Secure Bonds From California Government Code >> Division 2. >> Title 5. >> Part 1. >> Chapter 6. >> Article 5.

. The legislative body may provide for the amount and kind of insurance on the enterprise including insurance against:
  (a) Accident to or destruction of any enterprise from any or all risks.
  (b) Loss of revenues from an enterprise.
  (c) Public liability or property damage and workmen's compensation.