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<br />The Architect-Engineer hereby acknowledges receipt of ONE HUNDRED DOLLARS <br />($100.00) and other good and valuable consideration from the Owner in exchange for <br />giving the Owner the indemnification provided herein. <br /> <br />16.8 Insurance Requirements: <br /> <br />The Architect-Engineer shall maintain during the terms, except as noted, of this <br />Agreement the following insurance: <br /> <br />A Professional Liability Insurance in the amount of One Million Dollars <br />($1,000,000.00) with deductible per claim not to exceed One Hundred Thousand <br />Dollars ($100,000.00), which shall be the limit of liability providing for all sums <br />which the Architect-Engineer shall become legally obligated to pay as damages <br />for claims arising out of the services performed by the Architect-Engineer or any <br />person employed by him in connection with this Agreement. This insurance shall <br />be maintained for three years after completion of the construction and acceptance <br />of any WORK covered by this Agreement. However, the Architect-Engineer may <br />purchase Specific Project Architect' s/Engineer' s Professional Liability Insurance <br />which is also acceptable. <br /> <br />B. Comprehensive general liability insurance with broad form endorsement, <br />including automobile liability, completed operations and products liability, <br />contractual liability, severability of interests with cross liability provision, and <br />personal injury and property damage liability with limits of One Million Dollars <br />($1,000,000.00) combined single limit per occurrence and Two Million Dollars <br />($2,000,000) aggregate. Said policy or policies shall name Owner as additional <br />insured and shall reflect the hold harmless provision contained herein. <br /> <br />C. Workman's Compensation Insurance for the employees of Architect-Engineer as <br />required by Florida Statutes, Section 440, and employers' liability insurance with <br />limits not less than One Million Dollars ($1,000,000.00). <br /> <br />D. Other (or increased amounts of) insurance which Owner shall from time to time <br />deem advisable or appropriate, at the Owner's expense. Such new or additional <br />insurance to be effective as of the sooner of 90 days after notice thereof or the <br />next annual renewal of any policy being increased (as applicable). <br /> <br />E. All insurance policies identified in 16.8, except professional liability and workers' <br />compensation, shall contain waiver of subrogation against Owner where <br />applicable, shall expressly provide that such policy or policies are primary over <br />any other collective insurance that Owner may have. <br /> <br />F. All of the above insurance is to be placed with Best rated A-Excellent or better <br />insurance companies, qualified to do business under the laws of the State of <br />Florida. <br /> <br />20 <br />C0708-026 Spillis Candela & Partners. Inc. (J/b/a Spillis Candela DMJM Agreement <br />