Common use of Minimum Coverage Amounts Clause in Contracts

Minimum Coverage Amounts. Subcontractor shall maintain the following policies and minimum amounts: The Subcontractor shall maintain workers compensation insurance for all workers compensation obligations imposed by State and Federal Laws, or a valid certificate of exemption issued by the State of Florida, or an affidavit in accordance with Chapter 440 of the Florida Statutes. Subcontractor shall also purchase any other coverages required by law for the benefit of employees. The minimum amount of coverage shall be $1,000,000 each accident.