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This document prepared by and return to: 2/ 19/03Developer's Agreement <br /> Indian River County GHO VERO BEACH VIII, INC. CORP . <br /> Public Works Department <br /> 184025 1h Street <br /> Vero Beach, Fl. 32960 <br /> There shall be no more than $ 5 ,000 deductible per claim amount unless the <br /> DEVELOPER provides a Certified Copy of a financial report which has been <br /> approved by the County Risk Manager. This insurance shall extend coverage <br /> to loss of interest, earning, profit, use and business interruption, cost of <br /> replacement power, and other special, indirect and consequential damages . <br /> C . The Risk Manager for Indian River County must approve any deductibles or self- <br /> insured retentions greater than $ 5 ,000 with the ultimate responsibility for same <br /> going to the DEVELOPER. <br /> D . Contractor's insurance coverage shall be primary. <br /> E . All above insurance policies shall be placed with insurers with a Best's rating of <br /> no less that A + VII. The insurer chosen shall also be licensed to do business in <br /> Florida. <br /> F . The insurance policies procured shall be per occurrence policies or as generally <br /> available on the open insurance market. <br /> G. The Insurance Carriers shall supply Certificates of Insurance evidencing such <br /> coverage to the Indian River County Risk Management Department prior to any <br /> construction commencing. <br /> H . The insurance companies selected shall send written verification to the Indian <br /> River County Risk Management Department that they will provide 30 days <br /> written notice to the Indian River County Department of Risk Management of its <br /> intent to cancel or terminate said policies of insurance. <br /> I. A written safety inspection plan must be submitted to the Indian River County <br /> Risk Management Department for approval prior to the signing of the contract. <br /> J . DEVELOPER shall include in all sub-contracts for sub-contractors the above <br /> insurance requirements or show them as insured under its policies or shall <br /> furnish separate certificates and endorsements for each sub -contractor. All <br /> coverages for sub-contractors shall be subject to all of the requirements stated <br /> herein. <br /> K. DEVELOPER hereby agrees to indemnify Indian River County and <br /> Representatives thereof from all claims arising from intentional, reckless or <br /> negligent acts , errors or omissions of the DEVELOPER or DEVELOPERS ' <br /> REPRESENTATIVES in the performance of Professional or Construction <br /> Services up to $ 1 million under this agreement. <br /> F:\Pubhc Works\Rebecca\SrrE PLANS\Developer's Agreements\GHO-T71lium Developers Agreement.doc �� <br />