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2020-078A
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Last modified
3/1/2021 3:26:03 PM
Creation date
5/8/2020 10:24:08 AM
Metadata
Fields
Template:
Official Documents
Official Document Type
Agreement
Approved Date
04/21/2020
Control Number
2020-078A
Agenda Item Number
12.E.1.
Entity Name
Arthur J. Gallagher Risk Management Services, Inc.
Subject
Property and Casualty Insurance Broker Services
Area
8955 85th Street, Sebastian
Bid Number
RFP 2020014
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4.5.1.4 Renewal/Replacement Evidence. Until such time as the insurance is no longer required to be <br />maintained by BROKER, BROKER shall provide COUNTY with renewal or replacement evidence of the <br />insurance in the manner heretofore described. <br />Copies of Policies. Notwithstanding the prior submission of a Certificate of Insurance, copy of <br />endorsement, or other evidence initially acceptable to COUNTY, , BROKER cannot provide copies of its <br />policies. <br />4.5.2 Qualification of BROKER's Insurers. <br />4.5.2.1 Insurers providing the insurance required by this Agreement for BROKER must either be: (1) <br />authorized by a subsisting certificate of authority issued by the State of Florida to transact insurance in <br />the State of Florida, or (2) except with respect to coverage for the liability imposed by the Florida <br />Workers' Compensation Act, an eligible surplus lines insurer under Florida Statutes. <br />4.5.2.2 In addition, each such insurer shall have and maintain throughout the period for which coverage <br />is required, a Best's Rating of "A-" or better and a Financial Size Category of "VII" or better according to <br />A. M. Best Company. <br />4.5.2.3 If, during the period when an insurer is providing the insurance required by this Agreement, an <br />insurer shall fail to comply with the foregoing minimum requirements, as soon as BROKER has <br />knowledge of any such failure, BROKER shall immediately notify COUNTY and immediately replace the <br />insurance provided by the insurer with an insurer meeting the requirements. Until BROKER has replaced <br />the unacceptable insurer with an insurer acceptable to COUNTY, BROKER shall be in default of this <br />Agreement. <br />4.5.3 Description of BROKER Required Insurance. <br />4.5.3.1 Workers' Compensation and Employer's Liability Insurance. Such insurance shall be no more <br />restrictive than that provided by the Standard Workers' Compensation Policy, as filed for use in Florida <br />by the National Board on Compensation Insurance, without restrictive endorsements other than those <br />which are required by the State of Florida. The minimum amount of coverage (inclusive of any amount <br />provided by an umbrella or excess policy) shall be: <br />Part One: "Statutory" <br />Part Two: $ 1,000,000 Each Accident <br />$ 1,000,000 Disease - Policy Limit <br />$ 1,000,000 Disease - Each Employee <br />4.5.3.2 Commercial General Liability Insurance. Such insurance shall be no more restrictive than that <br />provided by the most recent version of standard Commercial General Liability Form (ISO Form CG 00 01) <br />as filed for use in the State of Florida without any restrictive endorsements other than those required by <br />ISO or the State of Florida those described below. The coverage may include restrictive endorsements <br />which exclude coverage for liability arising out of: <br />• Mold, fungus, or bacteria <br />• Silica, asbestos or lead <br />• Terrorism <br />• Sexual Molestation <br />4 <br />
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