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<br />City of Sunny Isles Beach |Invitation to Bid No. 22-09-02 15 <br /> <br />notice has been given to the City by certified mail. The City shall be named as an <br />additional insured on the above-referenced policies. <br /> <br />The Bidder agrees that if any part of the Work under the Contract is sublet, they will <br />require the Sub-Contractor(s) to carry insurance as required, and that they will require <br />the Sub-Contractor(s) to furnish to them insurance certificates similar to those required <br />by the City in this section. <br /> <br /> 2.10.3 Worker’s Compensation Insurance <br />Worker's Compensation Insurance for statutory obligations imposed by Worker's <br />Compensation or Occupational Disease Laws, including, where applicable, the United States <br />Longshoremen's and Harbor Worker's Act, the Federal Employers’ Liability Act and the <br />Homes Act. 4. Workers’ Compensation in accordance with Florida Statute, including <br />Employer’s Liability of $1,000,000. Bidder agrees to be responsible for the employment, <br />conduct and control of its employees and for any injury sustained by such employees in the <br />course of their employment <br /> <br />2.10.4 Builder’s Risk Insurance – Coverage shall be “All Risk” coverage for one hundred percent <br /> (100%) of the completed value of the structure(s), building(s) or addition(s). Where contract <br /> calls for install of machinery or equipment, the policy must be endorsed to provide coverage <br /> on “All Risk” basis during transit and installation. The policy must be issued with a deductible <br /> of not more than $50,000 per claim. <br /> <br /> 2.10.5. Cancellation and Re-Insurance <br />It shall be the responsibility of the bidder and insurer to notify the City Manager of the City <br />of Sunny Isles Beach of cancellation, lapse, or material modification of any insurance policies <br />insuring the Proposers, which relate to the activities of such vendor and the City of Sunny <br />Isles Beach. Such notification shall be in writing, and shall be submitted to the City finance <br />support service director thirty (30) days prior to cancellation of such policies. This <br />requirement shall be reflected on the certificate of insurance. Failure to fully and <br />satisfactorily comply with the city's insurance and bonding requirements set forth herein will <br />authorize the City Manager to implement a rescission of the Bid award without further City <br />Commission action. <br /> <br />NOTE: THE CITY OF SUNNY ISLES BEACH, CONTRACT NUMBER AND TITLE MUST APPEAR ON <br />EACH CERTIFICATE OF INSURANCE. THE CITY OF SUNNY ISLES BEACH MUST BE SHOWN AS AN <br />ADDITIONAL INSURED WITH RESPECT TO THIS COVERAGE. <br /> <br />2.11 MONTHLY MILESTONE PAYMENTS <br />