HomeMy WebLinkAboutExhibit 6EXHIBIT Cl
INSURANCE REQUIREMENTS
"CONSTRUCTION CONTRACTS"
YOUTH FOOTBALL STADIUM MOORE PARK
Commercial General Liability (Primary & Non Contributory)
A. Limits of Liability
Bodily Injury and Property Damage Liability
Each Occurrence $1,000,000
General Aggregate Limit $ 2,000,000
Products/Completed Operations $ 1,000,000
Personal and Advertising Injury $1,000,000
B. Endorsements Required
City of Miami included as an additional insured (CG 2010 11/85)
Contingent Liability (Independent Contractors Coverage)
Combined Single Limit
Any Auto/Owned Autos/Scheduled
Including Hired, Borrowed or Non -Owned Autos
Any One Accident $ 1,000,000
Endorsements Required
City of Miami included as an Additional Insured
Employees as insureds
III. Worker's Compensation
Limits of Liability
Statutory -State of Florida
Waiver of subrogation
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Employer's Liability
A. 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
IV. Umbrella Policy/Excess Liability (Excess Following Form/True Excess
Following Form/True Umbrella)
A. Limits of Liability
Bodily Injury and Property Damage Liability
Each Occurrence $2,000,000
Aggregate $2,000,000
B. Endorsements Required
City of Miami listed as an additional insured
Increased limits to General Liability, Auto and Employer's Liability
Coverage
V. Owners & Contractor's Protective
Each Occurrence
General Aggregate
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$1,000,000
$1,000,000
VI. Payment and Performance Bond $5,000,000
City of Miami listed as Obligee
VII. Builders' Risk
Causes of Loss: All Risk -Specific Coverage Project Location
Valuation: Replacement Cost
Deductible: $2,500 All other Perils
5% maximum on Wind
City of Miami included as an Additional Insured
A. Limit/Value at Location or Site $5,000,000
B. Coverage Extensions:
• Materials, supplies and similar property owned by others for which you are
responsible.
• Full coverage up to policy limits for equipment breakdown.
• Temporary storage/transit coverage.
• Full coverage up to policy limits for site preparation, re -excavation, re -
preparation and re -grade in the event of a loss.
• Fences, scaffolding, construction forms coverage and signs
• Valuable papers coverage for blueprints, site plans and similar documents.
• Trees, shrubs, sod, plants while at premises.
• Flood, including inundation, rain, seepage and water damage.
Earthquake
• Business Interruption
• Subsidence
• New ordinance or law; reimbursement for any resulting loss of value to the
undamaged portion, and required demolition expenses, including construction
necessary to repair, rebuild or re -construct damaged parts.
• Escalation clause in the event of a total loss up to 5% of policy limit.
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• Temporary structures, cribbing and false work built or erected at construction
site.
• Unintentional errors and omissions in reporting clause
• Full coverage up to policy limits for testing including physical loss caused by
pneumatic and hydrostatic. testing.
• Debris Removal.
The above policies shall provide the City of Miami with written notice of cancellation or material
change from the insurer not Tess 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.
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