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10.4.3.4.5) Broad Form Contractual Coverage applicable to the <br /> Contract and specifically confirming the <br /> indemnification and hold harmless agreement in this <br /> Contract; and <br /> 10.4.3.4.6 Personal Injury coverage with employment <br /> contractual exclusions removed and deleted. <br /> 10.4.3.4.7 Explosion,collapse, underground coverage(XC-U) <br /> 10.4.3.5 Builder's Risk Insurance in an amount not less than THE <br /> REPLACEMENT COST for the construction of the work. Coverage shall be "All Risk" coverage <br /> for one hundred percent (100%) of the completed value with a deductible of not more than five <br /> thousand and 00/100 dollars($5,000.00)per claim. <br /> 10.4.4 CONTRACTOR shall maintain the Products/Completed Operations Liability <br /> Insurance for a period of at least three (3) years after final payment for the Work and furnish CITY <br /> with evidence of continuation of such insurance at final payment. <br /> 10.4.5 The required insurance coverage shall be issued by an insurance company authorized <br /> and licensed to do business in the State of Florida,with the following minimum rating of B+to A+, <br /> in accordance with the latest edition of A.M. Best's Insurance Guide. <br /> 10.4.6 All required insurance policies shall preclude any underwriter's rights of recovery or <br /> subrogation against CITY with the express intention of the parties being that the required insurance <br /> coverage protects both parties as the primary coverage for any and all losses covered by the above <br /> described insurance. <br /> 10.4.7 The CONTRACTOR shall ensure that any company issuing insurance to cover the <br /> requirements contained in this Contract agrees that they shall have no recourse against CITY for <br /> payment or assessments in any form on any policy of insurance. <br /> 10.4.8 The clauses "Other Insurance Provisions" and "Insurers Duties in the Event of an <br /> Occurrence, Claim or Suit" as it appears in any policy of insurance in which CITY is named as an <br /> additional named insured shall not apply to CITY. CITY shall provide written notice of occurrence <br /> within fifteen(15)working days of CITY's actual notice of such an event. <br /> 10.4.9 The CONTRACTOR shall not commence performance of its obligations under this <br /> Agreement until after it has obtained all of the minimum insurance herein described and the same has <br /> been approved. <br /> 10.4.10 All required insurance policies shall preclude any underwriter's rights of recovery or <br /> subrogation against CITY with the express intention of the parties being that the required insurance <br /> coverages protect both parties as the primary coverages for any and all losses covered by the above <br /> described insurance. <br /> 22 �?: 1 <br />