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Bid Title: Motor Coach Transportation Bid No. FY23-029-1 The School Board of Broward County, Florida Page 14 of 26 SECTION 7 - MINIMUM INSURANCE REQUIREMENTS Insurance Requirements. The Awardee shall comply with the following insurance requirements throughout the term of this Agreement. 1. General Liability. Limits not less than $1,000,000 per occurrence for Bodily Injury/ Property Damage; $1,000,000 General Aggregate. Limits not less than $1,000,000 for Products/Completed Operations Aggregate. 2. Professional Liability/Errors & Omissions. Awardee shall maintain Professional Liability/Errors & Omissions insurance during the term of this Agreement with a limit of not less than $1,000,000 per occurrence covering services provided under this Agreement. 3. Workers' Compensation. Florida Statutory limits in accordance with Chapter 440; Employer's Liability limits not less than $100,000/$100,000/$500,000 (each accident/disease-each employee/disease-policy limit). 4. Auto Liability. Owned, Non -Owned and Hired Auto Liability with Bodily Injury and Property Damage limits of not less than $2,000,000 Combined Single Limit. If Awardee does not own any vehicles, hired and non -owned automobile liability coverage in the amount of $2,000,000 shall be accepted. In addition, an affidavit signed by the Awardee must be furnished to SBBC indicating the following: (Awardee Name) does not own any vehicles. In the event the insured acquires any vehicles throughout the term of this agreement, the insured agrees to provide proof of "Any Auto" coverage effective the date of acquisition. 5. Acceptability of Insurance Carriers. The insurance policies shall be issued by companies qualified to do business in the State of Florida. The insurance companies must be rated at least A- VI by AM Best or Aa3 by Moody's Investor Service. 6. Verification of Coverage. Proof of Insurance must be furnished within 15 days of execution of this Agreement. To streamline this process, SBBC has partnered with EXIGIS RiskWorks to collect and verify insurance documentation. All certificates (and any required documents) must be received and approved by SBBC before any work commences to permit Awardee time to remedy any deficiencies. EXIGIS RiskWorks will send an email notification within three (3) business days after receipt of the award letter. i. New vendors will receive an email notification requesting account verification and insurance agent information. ii. Existing vendors will receive an email notification of the current status. 7. Required Conditions. Liability policies must contain the following provisions. In addition, the following wording must be included on the Certificate of Insurance: i. The School Board of Broward County, Florida, its members, officers, employees, and agents are added as additional insured. ii. All liability policies are primary of all other valid and collectible coverage maintained by the School Board of Broward County, Florida. iii. Certificate Holder: The School Board of Broward County, Florida, c/o EXIGIS Risk Management Services, P. 0. Box 4668-ECM, New York, New York 10163-4668 8. Cancellation of Insurance. Awardee is prohibited from providing services under this Agreement with SBBC without the minimum required insurance coverage and must notify SBBC within two business days if required insurance is canceled. 9. Acceptability of Insurance. The School Board of Broward County, Florida, reserves the right to review, reject or accept any required policies of insurance, including limits, coverage's or endorsements, herein throughout the term of this agreement. Broward County Public Schools Is An Equal Opportunity/Equal Access Employer Page 14