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Said indemnification by the Contractor shall be extended to include all deliverers , suppliers , furnishers of material or anyone acting for, on behalf of, or at the request of the Contractor. The Contractor recognizes the broad nature of this indemnification and hold harmless clause and voluntarily makes this covenant. In conformance with Section 725 .06 Florida Statutes , the specific consideration given for the promises of the Contractor set forth with regard to this indemnification and hold harmless clause is $ 10.00 in hand paid by the County to the Contractor as a portion of the contract price , receipt thereof is hereby acknowledged and the adequacy of which the Contractor accepts as completely fulfilling the obligations of the County under the requirement of Section 725.06 Florida Statutes. This indemnification and hold harmless survives acceptance of the Work. This clause of the Contract will extend beyond the term of the Agreement for a period of ten (10) years after the date of the acceptance of the Work by the County. 14 . INSURANCE The Contractor shall procure and maintain during the life of this Contract insurance of the types and subject to the limits set forth below. The Contractor shall also provide the County with evidence of this insurance in the form of Certificates of Insurance which shall be subject to the County ' s approval for adequacy. The County shall be given thirty (30) days prior written notice of any material changes or cancellations of the policies. If sub- contractors are used by the contractor, it shall be the responsibility of the contractor to ensure that all its sub-contractors comply with all the insurance requirements contained herein relating to such sub-contractors. All insurance companies providing insurance under this Contract shall be licensed and authorized to do business in the State of Florida. These companies shall have a general policy holders rating of A or better and a financial rating of X or better according to the latest edition of Best ' s Key Rating Guide, published by A.M. Best Company. Any deductibles or self insured retention must be declared to and approved by the County. At the option of the County, either the insurer shall reduce or eliminate such deductibles or self insured retention with respect to the County, its elected and appointed officials,. employees , volunteers and agents, or the contractor shall procure a bond guaranteeing payment of losses and related investigations , claim administration and defense expenses. Except as otherwise stated, the amounts and types of insurance shall conform to the following minimum requirements : -6-