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City of Sunny Isles Beach |Request for Proposals No. 18‐11‐02 12   <br />  <br /> <br />2.8 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 />2.9 INSURANCE <br /> <br /> Comprehensive General Liability with minimum limits of Two Million Dollars ($2,000,000.00) per <br />occurrence combined single limit for Bodily Injury Liability and Property Damage Liability. <br />Coverage must be afforded on a form no more restrictive than the latest edition of the <br />Comprehensive General Liability policy, without restrictive endorsements, as filed by the <br />Insurance Services Office, and must include: <br /> <br />o Premises and Operation <br />o Independent Contractors <br />o Broad Form Property Damages <br />o Broad Form Contractual Coverage applicable to this specific Contract, including any hold <br /> harmless and/or indemnification agreement. <br />o 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 /> Business Automobile Liability with minimum limits of One Million Dollars (1,000,000.00) per <br />occurrence combined single limit for Bodily Injury Liability and Property Damage Liability. <br />Coverage must be afforded on a form no more restrictive than the latest edition of the Business <br />Automobile Liability policy, without restrictive endorsements, as filed by the Insurance Services <br />Office, and must include: <br /> <br />o Owned Vehicles; <br />o Hired and Non-Owned Vehicles; <br />o Employers’ Non-Ownership. <br /> <br /> Before starting the Work, the vendor will file and make sure that all certificates of <br />insurance required by this document and by the Contract are in the City’s possession. <br />These certificates shall contain a provision that the coverage afforded under the policies <br />will not be canceled or materially changed until at least thirty (30) days prior written <br />notice has been given to the City by certified mail. The City shall be named as an <br />additional insured on the above-referenced policies. <br /> <br /> The vendor agrees that if any part of the Work under the Contract is sublet, they will <br />require the Sub-vendor(s) to carry insurance as required, and that they will require the <br />Sub- vendor(s) to furnish to them insurance certificates similar to those required by the <br />City in this section. <br /> <br /> 2.9.1 Cancellation and Re-Insurance: