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Reso 2006-987
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Reso 2006-987
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Last modified
7/1/2010 9:41:54 AM
Creation date
1/3/2007 2:45:28 PM
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CityClerk-Resolutions
Resolution Type
Resolution
Resolution Number
2006-987
Date (mm/dd/yyyy)
09/21/2006
Description
BUILDERS RISK INSURANCE for Active Park Structures, Brown & Brown
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<br />OWNER'S & CONTRACTORS PROTECTIVE LIABILITY <br /> <br />(Project Specific General Liability) <br /> <br />FOR A FULL DESCRIPTION OF TERMS, DEFINITIONS AND CONDITIONS PLEASE REFER <br />TO THE POLICY DOCUMENT <br /> <br />INSURER <br /> <br />Scottsdale Insurance Company, Best's Rated A+ XV <br /> <br />LIMITS OF LIABILITY (*) <br />$ 2,000,000 <br />$ 1,000,000 <br />$ 1,000,000 <br /> <br />General Aggregate <br />Products/Completed Operations Aggregate <br />Each Occurrence Limit <br /> <br />* Coverage Limits must be ultimately chosen by the Insured. we as Agents cannot recommend the <br />adequate limit of protection. Higher or lower timits may be available. Please let us know if a quote Is <br />desired. <br /> <br />INSURED CONTRACT <br /> <br />Construction of a public recreation facility. Community Center & Gym located at <br />18115 North Bay Road, Sunny Isles Beach, FL. Contract Term -12 months. <br /> <br />OWNERS & CONTRACTORS PROTECTIVE <br /> <br />This policy is purchased to cover the named insured's vicarious liability for acts attributed to the <br />independent contractor or its employees. <br /> <br />Vicarious liability is when one party is held responsible for the actions or conduct of another <br />party based solely on the relationship of the two parties. For purposes of the OCP policy, it is <br />when the named insured, who is either a property owner, project owner, general contractor or <br />other contractor, is ultimately held liable for the acts of a hired contractor, sub-contractor or <br />independent contractor, who is working for or on behalf of the insured. <br /> <br />5 <br />
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