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08 / 04 / 2003 00 : 05 5617709496 SBS ENG PAGE 07 <br /> This docuxacut pmpafed by and return to; 9/1 /03wcKTWDtwd <br /> Indian River County <br /> Public Works Dapaeat <br /> 1840 25* Slot <br /> Vero Beach, F7. 32960 <br /> or negligent acts, errors, or omissions committed or alleged to have been <br /> coa alitted by DEVELOPER' s Engineer with a limit of $540,000 per <br /> clainl/annual aggregate. This insurance shall extend coverage to loss of <br /> interest, earning, profit, use and business interruption, cost of replacement <br /> power, and other special, indirect and consequential damages. <br /> C . Any deductibles or self insured retentions greater than $5 ,000 must be approved <br /> by the Risk Manager for Indian River County with the ultimate responsibility for <br /> same going to the DEVELOPER.. <br /> D . DEVELOPER'S insurance coverage shall be primary coverage. <br /> E . All above insurance policies shall be placed with insurers with a Rest's rating ofno <br /> less that A + VII. The insurer chosen shall also be licensed to do business in <br /> Florida. <br /> F . 1'he insurance policies procured shall be per occurrence policies or as generally <br /> available on the open insurance market. <br /> G. The Insurance Carriers shall. supply Certificates of Insurance evidencing such <br /> coverage to the Indian. River County Risk Management Department 10 days prior <br /> to the execution of work this Agreement . <br /> H. The ftL%uance companies selected shall send written verification to the Indiau <br /> River County Risk Management Department that they will provide 30 days <br /> written notice to the Indian River County Department ofR.isk Managemetlt ofits <br /> intent to cancel or terminate said policies of insurance. <br /> I . A written safety inspection plans must be subtnitted to the Indian River County <br /> Risk Management Department for approval prior to the signing of the contract . <br /> J. DEVELOPER shall include in all sub-contracts for sub-contractors the above <br /> insurance requirement or show them as insured udder its policies or shall fitrnish <br /> separate certificates and endorsements for each sub-contractor. All coverages for <br /> sub-contractors shall be subject to all of the requirements stated herein.. <br /> K. DEVELOPER hereby agrees to indemnify Indian River County and <br /> Representatives thereof from all claims to $ l million arising solely from <br /> intentional, reckless or negligent acts, errors or omissions of the DEVELOPER or <br /> DEVELOPERS' REPRESENTATIVES arising, under or in connection with the <br /> performance of duties under this agreement and for which DEVELOPER is <br /> legally liable. <br /> S <br />