HomeMy WebLinkAboutExhibit 3Composite Attachment B
INSURANCE REQUIREMENTS AND INDEPENDENT CONTRACTOR
LETTER: COCONUT GROVE BUSINESS IMPROVEMENT COMMITTEE
INTERIM EXECUTIVE DIRECTOR AGREEMENT
EOF OFF-STREET PARKING
D
I.
II. Worker's Compensation
Limits of Liability
Statutory -State of Florida
Waiver of Subrogation
III. Employer's Liability
A. Limits of Liability
$100,000 for bodily injury caused by an accident, each accident
$100,000 for bodily injury caused by disease, each employee
$500,000 for bodily injury caused by disease, policy limit
* Note: Workers' Compensation: In the event that insured is not a corporation but an
individual and does not have any employees, a letter to that extend will suffice.
IV. Professional Liability/Errors and Omissions Coverage S1,000,000.
The above policies shall provide the City of Miami, Department of Risk
Management & DOSP with 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
16
06-63
policies and /or certificates of insurance are subject to review and verification by Risk
Management prior to insurance approval.
( INSURANCE CERTIFICATES AND INDEPENDENT CONTRACTOR LETTER TO
BE ATTACHED AT TIME OF DOCUMENT EXECUTION)
06-63
17