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2/4/03wcg(PWD)jwd <br /> 3 . Professional Liability Insurance providing coverage for intentional, reck ss <br /> or negligent acts , errors , or omissions committed or alleged to have een <br /> committed by DEVELOPER ' s Engineer with a limit of $ 500, 0 per <br /> claim/annual aggregate . <br /> There shall be no more than $ 5 , 000 deductible per claim amo t unless the <br /> DEVELOPER provides a Certified Copy of a financial report hich has been <br /> approved by the County Risk Manager. This insurance sha extend coverage <br /> to loss of interest, earning, profit, use and business i erruption, cost of <br /> replacement power, and other special, indirect and co sequential damages . <br /> C . Any deductibles or self-insured retentions greater than , 000 must be approved <br /> by the Risk Manager for Indian River County with the ltimate responsibility for <br /> same going to the DEVELOPER. <br /> D . DEVELOPER' S insurance coverage shall be pri ary. <br /> E . All above insurance policies shall be placed w ' insurers with a Best's rating of <br /> no less that A + VII. The insurer chosen sh 1 also be licensed to do business in <br /> Florida. <br /> F . The insurance policies procured shall b per occurrence policies or as generally <br /> available on the open insurance mar et . <br /> G . The Insurance Carriers shall supp Certificates of Insurance evidencing such <br /> coverage to the Indian River Co my Risk Management Department prior to the <br /> execution of this Contract . may/ <br /> H . The insurance companies s ected shall send written verification to the Indian /�-- <br /> River County Risk M gement Department that they will provide 30 days <br /> written notice to the ian River County Department of Risk Management of its <br /> intent to cancel or t inate said policies of insurance . <br /> I. A written safety i pection plan must be submitted to the Indian River County <br /> Risk Managem t Department for approval prior to the signing of the contract . <br /> J . DEVELOPE shall include in all sub-contracts for sub-contractors the above <br /> insurance quirement or show them as insured under its policies or shall furnish <br /> separate ertificates and endorsements for each sub -contractor. All coverages <br /> for su -contractors shall be subject to all of the requirements stated herein. <br /> K. DEV LOPER hereby agrees to indemnify Indian River County and <br /> R resentatives thereof from all claims arising solely from intentional, reckless <br /> r negligent acts , errors or omissions of the DEVELOPER or DEVELOPERS ' <br /> REPRESENTATIVES in the performance of Services under this agreement and <br /> for which DEVELOPER is legally liable . <br /> F :\Public Works\Rebecca\SITE PLANS\Developer's Agreements\Ten Square Farrns-dev. doc <br />