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<br />City of Sunny Isles Beach | Invitation to Bid No. 16-12-02 11 <br /> <br />days after issuance of the Notice of Award by the City. The Performance and Payment Bond shall <br />continue in effect through the contract term. The bonds shall be with a surety company authorized <br />to do business in the State of Florida and having been in business with a record of successful <br />continuous operation for at least five (5) years. <br /> <br />2.7 BID BOND <br /> <br />The City of Sunny Isles Beach shall require that every Bidder furnish a bid bond in the amount of <br />5% of the total bid price. <br /> <br />2.8 INSURANCE <br />2.8.1 Comprehensive General Liability Insurance <br />Comprehensive General Liability with minimum limits of One Million Dollars <br />($1,000,000.00) per occurrence combined single limit for Bodily Injury Liability and <br />Property Damage Liability. Coverage must be offered in a form no more restrictive than <br />the latest edition of the Comprehensive General Liabi lity policy, without restrictive <br />endorsements, as filed by the Insurance Services Office, and shall specifically include the <br />following with minimum limits not less than those required for Bodily Injury Liability and <br />Property Damage Liability: <br /> Premises and Operation; <br /> Independent Contractors; <br /> Products and/or Completed Operations Hazard; <br /> Broad Form Property Damage; <br /> Broad Form Contractual Coverage applicable to this specific Contract, including <br />any hold harmless and/or indemnification agreement. <br /> Personal Injury Coverage with Employee and Contractual Exclusions removed, with <br />minimum limits of coverage equal to those required for Bodily Injury Liability and <br />Property Damage Liability. <br /> <br /> 2.8.2 Business Automobile Liability <br />Business Automobile Liability with minimum limits of One Million Dollars ($1,000,000.00) <br />per occurrence combined single limit for Bodily Injury Liability and Property Damage <br />Liability. Coverage must be afforded on a form no more restrictive than the latest edition <br />of the Business Automobile Liability policy, without restrictive endorsements, as filed by <br />the Insurance Services Office, and must include: <br /> Owned Vehicles; <br /> Hired and Non-Owned Vehicles; <br /> Employers’ Non-City ship. <br /> <br />Before starting the Work, the Bidder will file and make sure that all certificates of insurance <br />required by this document and by the Contract are in the City’s possession. These <br />certificates shall contain a provision that the coverage afforded under the policies will not <br />be canceled or materially changed until at least thirty (30) days prior written notice has