1999-338A - Laserfiche WebLink

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• i In lieu ofthe Performance and Payment Bontds, the CONTRACTOR may furnish an alternative form of security in the fotnt of cash, money order, certified check, cashier's check, irrevocable letter of credit ora security as fisted in Part tl of F.S. C7iapter 525. Any such alternative form of security shall i be for the same purposes, and be for the same amount and subject to the same conditions as those applicable to the bond otherwise required. The determination of the value of an alternative form of security shall be made by the OWNER. Such bonds shall continue in effect for one (1) year after R completion and acceptance of the work CONTIiACTOR's Liability Insurance: 5.3 Insurance - General: CONTRACTOR shall not commence work under this contract until lie has obtained all insurance te<luired under this Section and such 'insurance has been approved by the OWNER, nor shall the CONTRACTOR allow any Subcontractor to commence work on his subcontract until all similar insurance required of the Subcontractor has been so obtained and approved. All such insurance shall remain un effeCL until final payment and at all time thereafter when CONTRACTOR may be correcting, removing or replacing defective Work in accordance with paragraph 13.12. i 5.3.1 Insurance Requirements: i 5.3.1.1 Worker's Compensation: To meet statutory limits in compliance with the Worker's Compensation Law of Florida- This policy must include Employer Liability with a limit $100,000 for each accident, $500,000 disease (policy limit) and $100,000 disease (each employee). Such, policy shall include a waiver of subrogation as against OWNER and ENGINEER on account of injury sustained by an employee(s) of the CONTRACTOR. 5.3.3.2 Commercial General Liability Coverage shall provide minimum Limits of liability of $1,000,000 per occurrence Combined Single Unit for Bodily Injury and Property Damage. This shall include coverage for: Premises/Operations ' Products/Conipleted Operations Contractual Liability Independent Contractors 5-3.1.3 Business Auto Liability: Coverage shall provide minimum limits of liability of 51,000,000 per occurrence Combined Single Limit for Bodily Injury and Property Damage. This shall include coverage for: Owner Autos Hired Autos Non -Owned Autos 5.3.1.4 CONTRACTOR's Property Insurance: CONTRACTOR shall purchase and maintain property insurance upon the Work at die site to the full insurable value thereof (subject to such deductible amounts as may be provided in the Supplementary Conditions or required by law). This insurance shall include the interests of OWNER, CONTRACTOR and Suboantractors in the Work, shall insure against the perils of fire, lightning and extended coverage, shall include "all risk" insurance for physical loss and damage including theft, vandalism acid malicious mischief, collapse and water damage, and such other perils as may be provided in the Supplementary Conditions, acrd shall include damages, losses and expenses arising out of our resulting from any insured loss or incurred in the repair or replacement of any insured property (including fees and charges of engineers, architects, attorneys and other GENERAL CONDITIONS GC -- 9