Laserfiche WebLink
4 . Professional Liability Insurance providing coverage for negligent acts, errors, or <br /> omissions committed by ENGINEER with a limit of $500,000 per claim/ annual <br /> aggregate. This insurance shall extend coverage to loss of interest, earning, profit, <br /> use and business interruption, cost of replacement power, and other special, <br /> indirect and consequential damages . <br /> C. ENGINEER'S applicable insurance coverage shall be primary. <br /> D . All above insurance policies shall be placed with insurers with a Best's rating of no less <br /> that A VII. The insurer chosen shall also be licensed to do business in Florida. <br /> E . The insurance policies procured, other than professional liability, shall be occurrence <br /> forms, not claims made policies. Professional liability shall be on a claims made basis. <br /> F. The insurance companies chosen shall provide certificates of insurance prior to signing of <br /> contracts to the Indian River County Risk Management Department. <br /> G. The insurance companies selected shall send written verification to the Indian River <br /> County Risk Management Department that they will provide 30 days written notice to the <br /> Indian River County Department of Risk Management of its intent to cancel or terminate <br /> said policies of insurance. <br /> H. ENGINEER shall either include each subconsultants as insured under its policies or shall <br /> furnish separate certificates and endorsements for each subconsultant. All coverages for <br /> subconsultants shall be subject to all of the requirements stated herein. <br /> I. Notwithstanding the provisions of s. 725 .06, if a design professional provides professional <br /> services to or for a public agency, the agency may require in a professional services <br /> contract with the design professional that the design professional indemnify and hold <br /> harmless the agency, and its officers and employees, from liabilities, damages, losses, and <br /> costs, including, but not limited to , reasonable attorneys ' fees, to the extent caused by the <br /> negligence, recklessness, or intentionally wrongfull conduct of the design professional and <br /> other persons employed or utilized by the design professional in the performance of the <br /> contract. <br /> SECTION XVIII - ENTIRETY OF AGREEMENT <br /> This writing embodies the entire AGREEMENT and understanding between the parties hereto, <br /> and there are no other agreements and understandings, oral or written, with reference to the subject matter <br /> hereof that are not merged herein and superseded hereby. <br /> No alteration, change, or modification of the terms of this Agreement shall be valid unless made in <br /> writing and signed by both parties hereto. <br /> 12 <br />