2022-018 - Laserfiche WebLink

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(fj Deductibles — The deductibles of the insurance policies applicable to the use of the Premises shall be deemed customary and the responsibility of FSSR and any named insureds. (g) Additional Insured — FSSR's insurance, except workers' compensation and any additional coverages where it is unavailable, will name the Board of County Commissioners of Indian River County and County's members, officials, officers, employees and agents, as additional insureds under all insurance coverages required for the use of the Premises. (h) Reporting Provision — FSSR's insurance shall be provided on an occurrence form. In the event that coverage is only available on a claims made form, the FSSR shall agree to maintain an extended reporting coverage for a minimum of two years past the expiration of the annual policy term. (i) Duration — Notwithstanding anything to the contrary, FSSR's liabilities intended to be covered by the insurance coverage(s) required under this section shall survive and not be terminated, reduced or otherwise limited by any expiration or termination of particular policies for insurance coverages. (j) Financial Responsibility — FSSR shall obtain insurance by an insurer holding a current certificate of authority pursuant to Chapter 624, Florida Statutes, or a company that is declared as an approved Surplus Lines carrier under Chapter 626, Florida Statutes. Such insurance shall be written by an insurer with an A.M. Best Rating of A -VII or better. (k) Evidence of Financial Responsibility — FSSR must provide a certificate of insurance to the County's Risk Manager, demonstrating the maintenance of the required insurance including the additional insured endorsement, no later than 10 days after this License Agreement is executed. Upon written request, FSSR shall make its insurance policies and endorsements available to the County's Risk Manager. The County's Risk Manager shall approve the FSSR's insurance if it complies with this License Agreement's requirements, including, if any, additional insurance coverages deemed necessary by the Risk Manager. No material alteration or cancellation, including expiration and non -renewal of FSSR's insurance, shall be effective until 30 days after receipt of written notice by the County from FSSR or FSSR's insurance company. (1) Discretionary Authority — Depending upon the nature of any aspect of the use of the Premises and its accompanying exposures and liabilities, the County may, at its sole option, require additional insurance coverages not listed above, in amounts responsive to those liabilities, which may or may not require that the County also be named as an additional insured. FA