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BID #IFY 2005MUM CITY OF HALLANDALE BEACH PAGE 34 OF35 FLORIDA SPECIFICATIONS THIS 0 NOT AN ORDER . ,.. ,.► . A. Best Rating: Insurance coverage must be with a Company with a Best rating A.VII or better. B. Florida State Licensed: All insurance policies and bonds heroin required of the supplier shall be written by a company authorized and licensed to do insurance business In the State of Florida and be executed by agents licensed as agents by the State of Florida. A. Certificates and Endorsements Provided: The suppler shall furnish the City with a certificate of insurance specifically stating the bid number and title and with original endorsements affecting coverage. The certificates and endorsements must be received and approved before any work commences. B. Authorized Signatures: The certificates and endorsements for each insurance policy are to be signed by a person authorized by that insurer to bind coverage on its behalf. C. Coverage Continuation: Insurance coverage required in these specifications shall be in force throughout the Contract. Should the supplier fail to provide acceptable evidence of current insurance within seven M days of receipt of written notice at any time during the contract, the City shall have the right to consider the contract breached and justifying termination thereof. Compliance by the supplier with the foregoing requirements as to carrying insurance and furnishing copies of the insurance policies shall not relieve the supplier and all subcontractors of their liabilities and obligations under this contract. If coverage on the Certificates of insurance is shown to expire prior to completion of all terms of the contract with the City, the contractor shall furnish certificates of insurance evidencing renewal of such coverage to the City. VII. Hold Harmless Agreement The supplier shall take note of the Hold Harmless Agreement contained in this contact and will obtain and maintain Contractual liability insurance In adequate limits for the sole purpose of protecting the City of Hallandale Beach, Florida, under the Hold Harmless Agreement. Further, the supplier will notify his insurance agent without delay of the existence of the Hold Harmless Agreement contained within this contract, and furnish a copy of the Hold Harmless Agreement to his insurers.