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Hundred and Eighty-five Thousand Dollars) for each year of the two-year renewal term. <br /> Payments will follow the same schedule as noted above with the exception that $23,135 will <br /> be paid at completion of the audit. <br /> 7.2. Proper Invoices, phased as set forth herein, shall be submitted to the County's <br /> Finance Department in detail sufficient for proper prepayment and post payment audit. All <br /> payments for services shall be made to the Auditor by the County in accordance with the <br /> Local Government Prompt Payment Act, Section 218.70, Florida Statutes, et seq., attached <br /> hereto and incorporated herein by this reference in its entirety. <br /> 8. INSURANCE. <br /> 8.1. The Auditor shall not commence to perform the Services under this Agreement until it <br /> has obtained all the insurance required under this Agreement, and such certificates of <br /> insurance have been approved by the County's Risk Manager. A certificate of insurance <br /> shall be provided to the County's Risk Manager for review and approval ten (10) days prior to <br /> commencement of any work under this Agreement. The insurance company must have a <br /> rating by A.M. Best Company of at least A: V. Such certificates of insurance or an <br /> endorsement provided by the Auditor must state that the County will be given thirty (30) days <br /> prior written notice prior to cancellation or material change in coverage. The County shall be <br /> named as an additional insured on all policies except workers' compensation. <br /> 8.2 Auditor shall procure and maintain, for the duration of this Agreement, the minimum <br /> insurance coverage as set forth herein. The cost of such insurance shall be included in the <br /> Auditor's fee: <br /> 8.2.1. Workers' compensation to meet statutory limits in the State of Florida and <br /> Employer's Liability with a limit of $100,000 for each accident, $500,000 disease (policy limit) <br /> and $100,000 disease (each employee). <br /> 8.2.2. Commercial General Liability with a minimum combined single limit of <br /> $1,000,000 per occurrence for bodily injury and property damage. This is to include <br /> premises/operations, products/completed operations, contractual liability and independent <br /> contractors coverage. <br /> 8.2.3. Business Auto Liability with a minimum combined single limit of $300,000 per <br /> occurrence for bodily injury and property damage. This is to include owned, hired, and non- <br /> owned autos. <br /> 8.2.4. Professional liability with a minimum limit of$1,000,000 per occurrence. <br /> 8.3. The County is to be an additional insured on the commercial general liability and <br /> business liability policies. The County will be given 30 days notice prior to cancellation or <br /> modification of any insurance. Such notification shall be in writing by registered mail, return <br /> receipt requested and addressed to the Risk Manager. It is the responsibility of the <br /> contractor to insure that all subcontractors comply with all insurance requirements. <br /> 8.4. The County, by and through its Risk Manager, reserves the right periodically to review <br /> any and all policies of insurance and reasonably to adjust the limits of coverage required <br /> 4 48 <br />