HomeMy WebLinkAboutExhibit 3ATTACHMENT "B"
INSURANCE REQUIREMENTS
Provides- shall furnish to City of Miami, c/o Purchasing Department, 444 SW 2°d Avenue, 6tj'
Floor, Miami, Florida 33130, Certificate(s) of Insurance which indicate that insurance coverage
has been obtained which meets the requirements as outlined below:
A. Worker's Compensation Insurance for all employees of provider as required by Florida
Statute 440.
B. Public Liability Insurance on a comprehensive basis in an amount not less than
$300,000.00 combined single limit per occurrence for bodily injury and property damage
to include products and completed operations. The City of Miami must be shown as an
additional insured with respect to this coverage.
C. Professional Liability Insurance in an amount not less than $100,000 per occurrence with
a deductible per claim not to exceed ten percent (10%) of the limit of liability.
The City needs to be named as additional insured. BINDERS ARE UNACCEPTABLE.
The insurance coverage required shall include those classifications, as listed in standard liability
insurance manuals, which most nearly reflect the operations of provider.
All insurance policies required above shall be issued by companies authorized to do business
under the laws of the State of Florida, with the following qualifications:
The Company must be rated no less than "A" as to management, and no
less than "Class V" as to financial strength, by the latest edition of Best's
Key Rating Insurance Guide or acceptance of insurance company which
holds a valid Florida Certificate of Authority issued by the State of
Florida, Department of Insurance, and are members of the Florida
Guarantee Fund.
Certificates will indicate no modification or change in insurance shall be made without thirty
(30) days written advance notice to the certificate holder.
NOTE: The CONTRACT NUMBER AND TITLE MUST APPEAR ON EACH
CERTIFICATE.
Compliance with the foregoing requirements shall not relieve Provider of their liability and
obligation under this section or under any other section of this Agreement.
Provider shall be responsible for assuring that the insurance certificates required in conjunction
with this Section remain in force for the duration of the contractual period; including any and all
option terms that may be granted.
--If insurance certificates are scheduled to expire during the contractual period, Provider
shall be responsible for submitting new or renewed insurance certificates to the City at a
minimum of ten (10) calendar days in advance of such expiration.
Agreement No. 12
--In the event that expired certificates are not replaced with new or renewed certificates
which cover the contractual period, the City shall:
A) Suspend the contract until such time as the new or renewed certificates are received by
the City in the manner prescribed in the Request for Proposals.
B) The City may, at its sole discretion, terminate this contract for cause and seek re -
procurement damages from the Provider in conjunction with the General Terms and
Conditions of the Request for Proposal.
Agreement No. 13