HomeMy WebLinkAboutExhibit 6City elfiaant aatr.M apt -A -Waterway
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Insurance Requirements
A Ccaamaeioil Gaherat Liability Insnraace
• Occurrance coverage, with a deductible not more than 550,000 per occurrence.
• Policy limits will be no less than one million dollars (S1,000,000) per occurrence and
B.
in aggregate.
• The policy will contain standard exclusions from coverage.
• City, its employees, officials and agues shall be added as additional insureds.
• The policy shall contain no provision that would make it excess over, or contributory
with, insurance, self-insorance or other risk financing program Maintained by Qty.
• The policy will include the City Insurance Endorsement Form No. I (General
Liability).
Cgmmercial Auto Liability Insurance
• The policy will be a standard commercial policy with no special limitations affecring
the City.
• The limit for bodily injury and property damage liability shall be no less than one
mullion dollars (S1,000,000) per accident and in aggregate.
• City, its employees, officials and agents shall be added as additional insureds,
• The policy shall contain no provision that would make it moms over, or contirbutory
with, or invalidated by the rrierrnee of any insurance, self-insurance or other risk
financing program maintained by City.
• The policy will include the City Insurance fir dorsemerit Form No. 2 (Auto).
C. Worker's Compensation Insurance
• The policy will meet all statutory benefit requirements of the laws of the State of
which City is a part.
• The policy will contain Employer's liability Insurance with a ,minimum limit of no
less than one million dollars (51,000,000) per claim and in the aggregate.
• The policy shall contain a waiver of subrogation in favor of City.
fl Professional Errors and Omissions
• The policy will hive minimum limits of one million dollars (51,000,000) per claim
and in the aggregate.
A. Nonconforming Deductibles or Retentions: Each policy provided by Provider may be
subject to a deductible or self -insured retention of not more than 525,000. Any
deductible or retention acceding that amo cot shall nonetheless be acceptable if either of
the following is implemented:
• Either the insurer shall eliminate, or reduce, such deductibles or self insured
retentions with respect to City and its officials, employees and agents (with additional
premium, if any, to be paid by Provider); or
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Co oeMiami and Adapt -A- Waterway
Professional Send= Agreo•ou
• Provider shall provide satisfactory financial guarantee for payment of incremental
losses (including related investigations, claim admttiisnation, and defense' xpmses)
resulting from the increased deductible or retention.
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