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4 . Professional Liability Insurance providing coverage for negligent acts , errors , or omissions committed by CONSULTANT with a limit of $ 1 , 000 , 000 per claim/annual aggregate . This insurance shall extend coverage to loss of interest , earning , profit , use and business interruption , cost of replacement power , and other special , indirect , and consequential damages . C . CONSULTANT' S insurance coverage shall be primary . D . All above insurance policies shall be placed with insurers with a Best' s rating of no less that A-VII . The insurer chosen shall also be licensed to do business in Florida . E . The insurance policies procured shall be occurrence forms , not claims- made policies . F . The insurance companies chosen shall provide certificates of insurance prior to signing of contracts , to the Indian River County Risk Management Department . G . Each insurance company shall provide the Indian River County Risk Management Department with a certificate of insurance that states that the insurance company will provide 30 days notice to the Risk Management Department , of its intent to modify or cancel said policies of insurance . Such notice shall be in writing by registered mail , return receipt requested , and addressed to the Risk Manager of the Risk Management Department . H . The CONSULTANT shall include all sub - contractors as insured under its policies or shall furnish separate certificates and endorsements for each subcontractor . All coverage for subcontractors shall be subject to all of the requirements stated herein . I . Any deductibles or self- insured retentions greater than $ 5 , 000 must be approved by the Risk Manager for Indian River County with the ultimate responsibility for same going to the CONSULTANT . Page 5 of 6 CADOCUME - 1 \ADMINI - 1 \LOCALS-- 1 \Temp\Construction Testing 8-25-03 .doc