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INSURANCE FOR BENEFIT OF <br />FLORIDA EAST COAST RAWMY COMPANY <br />TO BE OBTAINED AND DEPT IN POLL POMS AND EFFECT <br />AT COST OF CONTRACTOR <br />in further consideration of the sums of money herein specified <br />to be paid to Contractor, contractor, at its cost and expense, <br />shall obtain and keep in effect, insuranceolicy or policies in <br />the limits of $i, 000, 000- each person inured or killed and <br />$2,000,000 each occurrence and $1,000,000 property damage per <br />person and $2,000,000 property damage each occurrence directly by <br />Contractual Liability Endorsement to Contractor's General Public <br />Liability and Property Damage Insurance Policies insuring <br />Contractor against loss or damage to contractor upon the <br />indemnities concurrently extended to the Florida East Coast Railway <br />Company and within the limits specified in this paragraph. <br />Alternatively, Contractor may procure and keep in effect during the <br />life of this construction contract, as aforesaid, Railroad <br />Protective Liability Policies insuring Florida East Coast Railway <br />Company directly as insured against losses and damages but within <br />the limits specified in this paragraph. <br />In addition to the above, Contractor shall, at its cost and <br />expense, maintain a Workman's Compensation Insurance Policy as <br />available in the State of Florida. <br />All such insurance, directly or indirectly for the benefit of <br />the Florida Bast Coast Railway company, shall be in a fora satis- <br />factory to its Manager of Insurance and issued by a casualty <br />company/insurance company authorized to do business in the State of <br />Florida that has a "Best's" rating or A or A+ and a financial <br />category size of Class X21 or higher. <br />P85 <br />