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HomeMy WebLinkAboutInsurance Approval FR/SRDEPARTMENT OF RISK MANAGEMENT INSURANCE/SAFETY APPROVAL FORM Name Erica Wright Department Law Review Status General Liability: Auto Liability: Workers Comp: Liquor Liability: Builder Risk: Professional Liability: Garage Keepers Liability: Excess Liability: Crime Coverage Pollution: xx APPR APPROVAL STATUS QR,o'a D� Frank Gomez Insurance Coordinator Patrice Nova! Safety/ADA Coordinator Description NUI-Franchise Agreement Extension Tracking # Date: 3/8/2005 Financial Ratings Strength REQUIREMENTS: Insurance NOT Required City of Miami is Named Additional Insured The City is providing insurance City of Miami is Loss Payee Bayfront Park Named Additional Insured Not Approved Coverage is insufficient Not A Rated Company A Type of Coverage is Missing Other The City NOT Named Additional Insured Insurance/Safety Comments: Note: Negotiations for new agreement in progress. Insurance requirements for new contract provided. Risk 002 3/8/2005 12:11 PM INSURANCE REQUIREMENTS- NUI UTILITIES, INC.,IDBA NUI CITY GAS COMPANY OF FLORIDA I. Commercial General Liability A. Limits of Liability Bodily Injury and Property Damage Liability Each Occurrence $1,000,000 General Aggregate Limit $ 2,000,000 Personal and Adv. Injury $ 1,000,000 Products/Completed Operations $ 1,000,000 B. Endorsements Required City of Miami included as an Additional Insured Contractual Liability Waiver of Subrogation II. Business Automobile Liability A. Limits of Liability Bodily Injury and Property Damage Liability Combined Single Limit Any Auto Including Hired, Borrowed or Non -Owned Autos Any One Accident $ 1,000,000 B. Endorsements Required City of Miami included as an Additional Insured III. Worker's Compensation Limits of Liability Statutory -State of Florida IV. Employer's Liability A. Limits of Liability $500,000 for bodily injury caused by an accident, each accident $500,000 for bodily injury caused by disease, each employee $500,000 for bodily injury caused by disease, policy limit V. Umbrella Coverage A. Limits of Liability Bodily Injury and Property Damage Liability Each Occurrence Aggregate Products/Completed Operations Aggregate Limit V. Pollution Liability A. Limits of Liability Each Pollution Incident Aggregate loss Limit $4,000,000 $4,000,000 $4,000,000 $ 5,000,000 $ 5,000,000 The above policies shall provide the City of Miami with mandatory written notice of cancellation or material change from the insurer not less than (30) days prior to any such cancellation or material change. Companies authorized to do business in the State of Florida, with the following qualifications, shall issue all insurance policies required above: 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. All policies and /or certificates of insurance are subject to review and verification by Risk Management prior to insurance approval.