HomeMy WebLinkAboutExhibit 3EXHIBIT B
INSURANCE REQUIREMENTS
Licensee agrees to have the following policies of insurance in effect and will
the City
f
provide duly authorized certificates of insurance to the Risk Manager for
a cal access oo
Miami to confirm the existence of such policies
of insurance to gain policies of insurance are to be in effect
the Area as described in this Agreement Suchp
during the term of this Agreement.
I. Commercial General Liability subject to limits and endorsements as shown below:
A. Limits of Liability:
Bodily injury and property damage liability each occurrence: $1,000,000
General aggregate limit: $1,000,000
Products/completed operations: $1,000,000
Personal and advertising injury: $1,000,000
B. Endorsements required:
City of Miami included as additional insured
Employees included as insured
Independent contractor's coverage
Waiver of subrogation
Explosion, Collapse and underground hazard
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:
$500,000on of a
The requirements of this provision will be waived e used to conduct ness. written
statement from Licensee that no automobiles
B. Endorsements required
City of Miami included as an additional insured
III. Workers compensation
Limits of liability
Statutory -State of Florida
Waiver of subrogation
ten
The above policies shall provide the City of not less s than { with it days prior to
notice of
cancellation or material change from the insurer
any such cancellation or material change•
aLA draft 3 cln
25
Companies authorized to do business in the Stat
ofFlorida
above:
The the following
qualifications, shall issue all insurance policies required
The company must be rated no less than "A-" �tand no lnsurar►ceeGuide,
than
Class V as to financial strength by the latest edition of Bests
published by A. M. Bests Company, Oldwick, New Jersey, or its equivalent. All
policies and/or certificates of insurance are subject to review and documentation of
by
Risk Management prior to insurance approval. Receipt of any
insurance by the City or by any of its representatives, which indicates less
coverage than required, does not constitute a waiver of Licensee's obligation to
fulfill the insurance requirements herein.
In the event Licensee shall fail to procure and place such insurance, the City may,
but shall not be obligated to, procure Licensee toace �the Citye, in /ch event the as an addit oral
ount
of the premium paid shall be paid by
fee
upon demand and shall in each instancebe
collectible to of payment sby the Citye
month or any subsequent month following the
Licensee's failure to procure insurance shall in no way release Licensee from its
obligations and responsibilities as provided herein.
aL.A draft 3 cln
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