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A. DEVELOPER ' S Contractor shall procure and maintain for the duration of all <br /> construction contracts , insurance against claims for injuries to persons or damages to <br /> property, which may arise from or in connection with the performance of the work hereunder <br /> by the DEVELOPER, his agents , representatives , employees or sub-contractors . <br /> B . Minimum Scope of Insurance <br /> 1 . Worker' s Compensation as required by the State of Florida . Employers <br /> Liability of $ 100, 000 each accident, $ 500 ,000 disease policy limit, and $ 100 , 000 <br /> disease each employee . <br /> 2 . General Liability $ 3 , 000 , 000 combined single limit per accident for bodily <br /> injury and property damage . County shall be an additional insured . <br /> 3 . Auto Liability $ 3 , 000 , 000 combined single limit per accident for bodily injury <br /> and property damage for owned and non-owned vehicles . County shall be an <br /> additional insured. <br /> 4 . Professional Liability Insurance providing coverage for intentional , reckless <br /> or negligent acts , errors , or omissions committed or alleged to have been committed <br /> by DEVELOPER' S Engineer with a limit of $ 500, 000 per claim/annual aggregate . <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 to loss <br /> of interest, earning, profit, use and business interruption, cost of replacement power, <br /> and other special , indirect and consequential damages . <br /> C . Any deductibles or self-insured retentions greater than $ 5 , 000 must be approved by <br /> the Risk Manager for Indian River County with the ultimate responsibility for same going to <br /> the DEVELOPER. <br /> D . DEVELOPER' S insurance coverage shall be primary. <br /> E . All above insurance policies shall be placed with insurers with a Best's rating of no <br /> less that A + VII . The insurer chosen shall also be licensed to do business in 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 the execution of <br /> this Contract . <br /> H . The insurance companies selected shall send written verification to the Indian River <br /> County Risk Management Department that they will provide 30 days written notice to the <br /> Indian River County Department of Risk Management of its intent to cancel or terminate said <br /> policies of insurance . <br /> 6 <br /> HAFalcon Trace\Falcon Trace dev-Agr5 .doc <br />