RFP No. 10-08-01 - Laserfiche WebLink

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($1,000,000) per occurrence, One Million Dollars ($1,000,000) per accident for bodily injury and Five Hundred Thousand Dollars ($500,000) per accident for property damage. o Professional Errors and Omissions Liability in the amount of One Million Dollars ($1,000,000) per occurrence for Professional Design. Insurance required of the Contractor shall be primary to, and not contribute with, any insurance or self-insurance maintained by the City. Such insurance shall not diminish Contractor's indemnification and obligations hereunder. The insurance policy(ies) shall be issued by companies authorized to do business under the laws of the State of Florida and acceptable to the City with a minimum A.M. Best rating of A-Excellent. Before any work under this Agreement is performed, and at any time upon request, Contractor shall furnish to the City certificates of insurance evidencing the minimum required coverage and shall be appropriately endorsed for contractual liability, with the City named as additional insured. All policies shall contain a waiver of subrogation endorsement. All policies and certificates shall be in forms and issued by insurance companies acceptable to the City's Risk Management Department. All insurance policies and certificates of insurance shall provide that the policies may not be canceled or altered without thirty (30) days prior written notice to the City. The City reserves the right from time to time to change the insurance coverage and limits of liability required to be maintained by Contractor hereunder. Contractor shall also require and ensure that each of its sub- Contractors providing services hereunder (if any) procures and maintains, until the completion of the services, insurance of the types and to the limits specified herein. ANY EXCEPTIONS TO THE INSURANCE REQUIREMENTS IN THIS SECTION MUST BE APPROVED IN WRITING BY THE CITY. 1.6 PERFORMANCE AND PAYMENT BONDS Proposer shall, at its sole cost and expense, during the period of any work being performed under this Agreement, procure and maintain performance and payment bonds each equal to 100% of the Contract Amount awarded to the successful Proposer. The Performance and Payment Bonds must be written by a Surety licensed to do business in the State of Florida and otherwise acceptable to the City of Sunny Isles Beach. As per Florida Statute Section 255.05, the Proposer shall be required to record the Performance and Payment Bonds in the public records of Miami- Dade County. 1.7 BID BOND Each Bid shall be required to be accompanied by a Bid Bond, duly executed by the Proposer as principal and having as surety thereon a surety company licensed to do business in the State of Florida , satisfactory and payable to the City of Sunny Isles Beach, Florida, and listed in the latest issue of U.S. Treasury Circular 570, in the amount of 5 % (five percent) of the Proposal. 8