Insurance Expectations. DESIGN PROFESSIONAL agrees to the following as it relates to its contractual obligation and shall ensure all insurance companies from whom DESIGN PROFESSIONAL obtains the insurance policies required herein this Agreement must meet the following minimum requirements: 10.3.1 The insurance company must be duly licensed and authorized to transact the appropriate insurance business in the State of Florida. 10.3.2 The insurance company must have been in such insurance business continuously for not less than five (5) years immediately prior to the date of execution of this Agreement. 10.3.3 The insurance company must have an A. M. Best financial rating of A-(VI) or higher. 10.3.4 All insurance shall be primary and not contributory to any other insurance carried by OWNER. This shall also apply to any self-insured risk management program maintained by OWNER. 10.3.5 To the extent permitted by law, DESIGN PROFESSIONAL’s insurance shall contain an endorsement or language waiving any rights to recover from OWNER or its insurance. To the extent that such waiver does not respond (whether failure to comply is result of DESIGN PROFESSIONAL, its agent, or carrier error), DESIGN PROFESSIONAL shall be liable for the costs and expenses incurred by OWNER had such waiver applied 10.3.6 DESIGN PROFESSIONAL agrees that no services shall begin until proof of insurance is received by OWNER. Receipt of proof of insurance shall not be construed as an approval of Awardee’s insurance or a release or waiver of DESIGN PROFESSIONAL’s obligation to maintain the required insurance in this Agreement. Upon reasonable request, DESIGN PROFESSIONAL agrees to provide OWNER a copy of its insurance policies, forms, and endorsements in its entirety. 10.3.7 It is the requirement of DESIGN PROFESSIONAL to prove their capacity to provide the required insurance as set forth in this Agreement and shall be attached to said Agreement in Schedule D and updated accordingly by providing a Certificate of Liability Insurance (Xxxxx 25) evidencing the specified insurance requirements herein, which must also reflect any deductible(s) or retentions. Certificate of Insurance shall also reference the Project Name/Number, site locations and address. 10.3.8 Any required insurance that DESIGN PROFESSIONAL self-insures or maintained a deductible or retention in excess of Ten Thousand Dollars ($10,000) shall be pre-approved by OWNER’s Risk Management department and referenced in an addendum to this Agreement. To the extent any insurance maintained by DESIGN PROFESSIONAL has a deductible or retention, (whether with or without OWNER’s knowledge or approval) DESIGN PROFESSIONAL shall be financially responsible for paying claims and expenses within such deductible or self-insured retention on behalf of OWNER (as additional insured) or reimburse OWNER, when such above required insurance would respond, had no deductible or retention been in place. 10.3.9 DESIGN PROFESSIONAL shall notify OWNER’S Risk Management department within thirty (30) days of any material changes or notices of cancellation received by DESIGN PROFESSIONAL from its insurer on any above required insurance. 10.3.10 The following language is to be added in the Description Block: “Project Name: The School Board of Orange County Florida, its board members, employees and representatives are included as Additional Insured with respect to General and Auto Liability coverage and coverage should apply as primary and non-contributory. A waiver of subrogation in favor of the additional insured applies on the general liability, auto liability and workers’ compensation”. 10.3.11 The Certificate Holder is to be shown as: The School Board of Orange County, Florida 000 X. Xxxxxx Xxxxxx Orlando, Florida 32801
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Samples: Design Professional Services Agreement, Design Professional Services Agreement, Design Professional Services Agreement
Insurance Expectations. DESIGN PROFESSIONAL agrees to the following as it relates to its contractual obligation and shall ensure all insurance companies from whom DESIGN PROFESSIONAL obtains the insurance policies required herein this Agreement must meet the following minimum requirements:
10.3.1 The insurance company must be duly licensed and authorized to transact the appropriate insurance business in the State of Florida.
10.3.2 The insurance company must have been in such insurance business continuously for not less than five (5) years immediately prior to the date of execution of this Agreement.
10.3.3 The insurance company must have an A. M. Best financial rating of A-(VI) or higher.
10.3.4 All insurance shall be primary and not contributory to any other insurance carried by OWNER. This shall also apply to any self-insured risk management program maintained by OWNER.
10.3.5 To the extent permitted by law, DESIGN PROFESSIONAL’s insurance shall contain an endorsement or language waiving any rights to recover from OWNER or its insurance. To the extent that such waiver does not respond (whether failure to comply is result of DESIGN PROFESSIONAL, its agent, or carrier error), DESIGN PROFESSIONAL shall be liable for the costs and expenses incurred by OWNER had such waiver applied
10.3.6 DESIGN PROFESSIONAL agrees that no services shall begin until proof of insurance is received by OWNER. Receipt of proof of insurance shall not be construed as an approval of Awardee’s insurance or a release or waiver of DESIGN PROFESSIONAL’s obligation to maintain the required insurance in this Agreement. Upon reasonable request, DESIGN PROFESSIONAL agrees to provide OWNER a copy of its insurance policies, forms, and endorsements in its entirety.
10.3.7 It is the requirement of DESIGN PROFESSIONAL to prove their capacity to provide the required insurance as set forth in this Agreement and shall be attached to said Agreement in Schedule D and updated accordingly by providing a Certificate of Liability Insurance (Xxxxx 25) evidencing the specified insurance requirements herein, which must also reflect any deductible(s) or retentions. Certificate of Insurance shall also reference the Project Name/Number, site locations and address.
10.3.8 Any required insurance that DESIGN PROFESSIONAL self-insures or maintained a deductible or retention in excess of Ten Thousand Dollars ($10,000) shall be pre-approved by OWNER’s Risk Management department and referenced in an addendum to this Agreement. To the extent any insurance maintained by DESIGN PROFESSIONAL has a deductible or retention, (whether with or without OWNER’s knowledge or approval) DESIGN PROFESSIONAL shall be financially responsible for paying claims and expenses within such deductible or self-insured retention on behalf of OWNER (as additional insured) or reimburse OWNER, when such above required insurance would respond, had no deductible or retention been in place.
10.3.9 DESIGN PROFESSIONAL shall notify OWNER’S Risk Management department within thirty (30) days of any material changes or notices of cancellation received by DESIGN PROFESSIONAL from its insurer on any above required insurance.
10.3.10 The following language is to be added in the Description Block: “Project Name: The School Board of Orange County Florida, its board members, employees and representatives are included as Additional Insured with respect to General and Auto Liability coverage and coverage should apply as primary and non-contributory. A waiver of subrogation in favor of the additional insured applies on the general liability, auto liability and workers’ compensation”.
10.3.11 The Certificate Holder is to be shown as: The School Board of Orange County, Florida 000 X. Xxxxxx Xxxxxx Orlando, Florida 32801
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