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• <br />ARTICLE 5 COMPENSATION <br />5.01 Owner shall make only one payment for the entire amount of .the contract when the work has <br />been completed. Payment may be requested per Station, should work at one be completed and approved <br />by the Building Division prior to completion at the second. Upon a determination of satisfactory <br />completion, the COUNTY Project Manager will authorize payment to be made. All payments for services <br />shall be made to the CONTRACTOR by the COUNTY in accordance with the Local Government Prompt <br />Payment Act, as may be amended from time to time (Section 218.70, Florida Statutes, et seq.). <br />ARTICLE 6 — INSURANCE AND INDEMNIFICATION <br />6.01 The CONTRACTOR shall not commence work on this Agreement until it has obtained all <br />insurance required under this Agreement and such insurance has been approved by the COUNTY's Risk <br />Manager. <br />6.02 CONTRACTOR shall procure and maintain, for the duration of this Agreement, the minimum <br />insurance coverage as set forth herein. The cost of such insurance shall be included in the <br />CONTRACTOR's fee: <br />A. Workers' Compensation: To meet statutory limits in compliance with the Workers' <br />Compensation Law of Florida. This policy must include employers' liability with a limit <br />$1,000,000 for each accident, $500,000 disease policy limit and $100,000 disease each <br />employee. Such policy shallinclude a.waiver of subrogation as against Owner on account of <br />injury sustained by an employee(s) of the CONTRACTOR. <br />B. General Liability: A per occurrence form policy, including Premise Operations, Independent <br />Contractors, -Products and Completed Operations including X, C, U (Explosion, Collapse, <br />Underground) -Broad Form Property Damage, Broad Form Property Damage Endorsement, with <br />a combined single limit of not less than $1,000,000 general aggregate to include <br />products/completed operations, personal injury/advertising liability, fire damage /legal liability, <br />and medical payments. Limits can be layered with an Excess Liability Policy (Umbrella). <br />C. Business Automobile Liability: Coverage shall include Owned vehicles and Hired/Non-Owned <br />vehicles, for a combined single limit (bodily injury and property damage) of not Tess than <br />$1,000,000/combined single limit (Bodily Injury/Property Damage); personal injury protection - <br />- statutory limits; $100,000 uninsured/underinsured motorist; $100,000/hired/non-owned auto <br />liability. Limits can be layered with Excess Liability•Policy (Umbrella). <br />D. .Builder's Risk.Insurance: The contractor shall•procure.and maintain builder's -risk insurance ("all <br />risk") with limits equal to one hundred percent (100%) of the completed value of the <br />structure(s), building(s), or addition(s). It shall include a Waiver of Occupancy Endorsement to <br />enable the County to contract calls for the installation of.machinery or.equipment, the policy <br />must be endorsed to provide coverage;during transit and installation. The maximum: deductible <br />allowable under this coverage is $500.00 per claim. (If applicable) <br />E. Longshoreman's Insurance: Contractor shall procure and -maintain Longshoreman's insurance <br />to the extent required bylaw. <br />6.03 Contractor's insurance coverage shall be primary. <br />6.04 All required insurance policies shall be placed .with insurers licensed to do business in Florida <br />and with a Best's rating of A -VII or better. <br />Page 2of7 <br />52 <br />