Loading...
HomeMy WebLinkAboutWorker's CompensationIll. Worker's Compensation Limits of Liability Statutory -State of Florida Waiver of subrogation IV. Employer's Liability Limits of Liability $1,000,000 for bodily injury caused by an accident, each accident. $1,000,000 for bodily injury caused by disease, each employee $1,000,000 for bodily injury caused by disease, policy limit V. Umbrella Policy Limits of Liability Bodily Injury and Property Damage Liability Combined Single Limit $1,000,000 Each Occurrence $1,000,000 Aggregate $1,000,000 Products/Completed Operations Aggregate Limit $2,000,000 V1. Owners Contractors protective (applicable for Construction projects only) Limits of Liability Each Claim Aggregate $1,000,000 $1,000,000 VII. Professional Liability/Error's & Omissions Coverage Combined Single Limit Each Occurrence $1,000,000 General Aggregate Limit $2,000,000 Deductible -Not to Exceed 10% VIII. Builders' Risk (applicable for Construction projects only) Limits of Liability- to be determined by according the terms of the Construction contract. Endorsements Required 'All Risk Form Non -Reporting Form -Completed Value Specific Coverage (Project Location and Description) Loss or Damage to building material, and property of every kind and description, including insured's property 13 - Project Cooperative Agreement K-0500377 to be used in, or incidental to construction • Business Interruption • Boiler and Machinery • Transit • Foundation Coverage • Scaffolding and Forms Coverage • Plans, Blueprints, and Specifications coverage • Collapse • Flood, including inundation, rain, seepage, and water damage • Earthquake • Subsidence • Windstorm including hurricane • Freezing and Temperature Extremes or changes coverage • Ordinance or buildings laws • Theft or Burglary • Coverage for loss arising out of Faulty Work or Faulty Materials • Coverage for loss arising out of Design Error or Omission • Testing • Debris Removal • Soft (Additional Financing) Costs Coverage • Replacement Cost Valuation • Coinsurance Requirements Waived • Maintenance of Insurance Coverage through warranty period 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 Insurance Guide, published by A.M. Best Company, Oldwick, New Jersey, or its equivalent, subject to the approval of the City's Risk Management Division. -14- Project Cooperative Agreement K -0S00377