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required under this Agreement and such certificatesof insurance have been approved by the County's Risk Manager. A certificate of insurance shall be provided to the County's Risk Manager for review and approval ten days prior to commencement of any work under this Agreement. The insurance company musthave a rating by AM. Best Company of at least A: V. Such certificates of insurance or an endorsement provided by HilltopSecurities must state that the County will be given thirty days' prior written notice prior to cancellation or material change in coverage The County shall be named as an additional insured on all policies except workers' compensation and professional liability., HilltopSecurities shall procure and maintain, for the duration of this Agreement, the minimum insurance coverage as set forth herein, and the cost of such insurance shall be included in HilltopSecurities fee. A. Workers Compensation and Employers Liability: Workers Compensation limits as required by the State of Florida and employers Liability limits of $500,000.00 disease (policy limit) and $100,000 disease (each employee). B. Commercial General Liability: Minimum combined single limit of $500,000 per occurrence for bodily injury and property damage. This is to include premises/operations, products/completed operations, contractual liability and independent contractors' coverage. C. Business Auto Liability: Minimum combined single limit of $500,000 per occurrence for bodily injury and property damage. This is to include owned, hired, and non -owned autos. D. Professional liability: Minimum limit of $1,000,000per occurrence. The County, through its Risk Manager, reserves the right to periodically review any and all policies of insurance and reasonably adjust the limits of coverage required hereunder, from time to time throughout the term of this Agreement. In such event, the County shall provide HilltopSecurities with separate written notice of such adjusted limits and HilltopSecurities shall comply within thirty days of receipt thereof., The failure of HilltopSecurities to provide such additional coverage shall constitute a default by HilltopSecurities and shall be grounds for termination of this Agreement by the County. Section 9. Miscellaneous. A.. Background Recitals. The Background recitals are true and correct and form a material part of this Agreement B. County Designee. The County Administrator is hereby designed as the representative of the County. All work performed by HilltopSecurities pursuantto this Agreement shall be by the direction of the County acting through the County Administrator or his or her designee. C. Independent Contractor. It is specifically acknowledged and agreed by the parties hereto that HilltopSecurities is and shall be, in the performance of all 79