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40 <br />0 <br />(2) Commercial General Liability - coverage shall provide minimum limits of <br />liability of$1,000,000 per occurrence Combined Single Limit for Bodily Injury <br />and Property Damage. This shall include coverage for: <br />* Premises/Operations <br />* Products/Completed Operations <br />* Contractual Liability <br />* Independent Contractors <br />(3) Business Arita Liatiil� - coverage shall provide minimum limits of liability of <br />$1,000,000 per occurrence Combined Single Limit for Bodily Injury and <br />Property Damage. This shall include coverage for: <br />* Owned Autos <br />* <br />Hired Autos <br />* Non -Owned Autos <br />B. 52ecial Rcquirements <br />(1) Ten (10) days prior to the commencement of any work under this contract a <br />certificate of insurance will be provided to the risk Manager for review and <br />approval. The certificate shall provide for the following: <br />a. 'Board of County Commissioners, Indian River County Florida" will <br />be named as an "Additional Insured" on both the General Liability and <br />Auto Liability policies. <br />b. Indian River County will be given thirty (30) days notice prior to <br />cancellation or modification of any stipulated insurance. Such <br />notification will be in writing by registered mail, return receipt <br />requested and addressed to the Risk Manager. <br />i. An appropriate "Indemnification" clause shall be made a <br />provision of the contract, (See Form of Agreement Article 6). <br />ii. It is the responsibility of the contractor to insure that all <br />subcontractors comply with all insurance requirements. <br />iii. It should be remembered that these are minimum requirements <br />which are subject to modification in response to high hazard <br />operations. <br />iv. A model "Certificate of Insurance" farm is attached as page CI - <br />1. The Certificate of Insurance submitted MUST_ be in <br />conformance and completed as to Coverage, Description, <br />Certificate Holder, and Cancellation Terms, as the model form <br />provided shows. <br />12. LIOUIDATED DAMAGES: The amount of liquidated datnages for the Project is hereby <br />established as set out in the Florida Department of Transportation (FDOT), Standard <br />Specifications for Road and Bridge Construction latest edition, under Section 8-10,2. <br />Liquidated damages apply to all portions of the Project. Liquidated damages may be deducted <br />from monies due the Contractor and shall not exceed the total contract price. <br />GC -4 <br />