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INSURANCE FOR BENEFIT .07, <br />FLORIDA 8ABT COAST k*_1L1gtY :C0XPM <br />To BE.OBTxn= _AND KEPT rA:F=1 -PDfts AND EFFECT <br />AT COST OF .COWWWTOR <br />In further consideration of 'the:sums.of money herein specified <br />tobe paid to Contractor, Contractor, at its cost and expense, <br />shall obtain and keep in, effect, insurance policy or policies in <br />the limits of $1,.0`00,00D each person, injured or killed and <br />$2,000,000 each occurrence and $1,,:000,000 property damage per <br />person and $2,000,000 property damages.each occurrence directly by <br />contractual Liability Endorsement to Contractor's General Public <br />Liability and Property Damage Insurance Policies insuring <br />Contractor against logs or danmage to Contractor upon the <br />indemnities concurrently extended. to the Ploridw Bait Coast Railway <br />Company and within the limits specified in. this paragraph. <br />Alternatively, Contractor may procure and keep JA 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 Workmaws 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 East Coast Railway company, shawl. be in -a form satis- <br />factory to its Manager of Insurance and issue4 by a. casualty <br />company/insurance company authorized to do.bu_siness in the State of <br />Florida that has a "Best's° rating or A or X+ and a financial <br />category size of class XII or hil6r., <br />