25-SQ-142KW,_Required_Types_and_Limits_of_Insurance.pdf
PDF 183 KB Posted
- Attached to
- CDBG-DR Real Estate Title Services
- Solicitation number
- 25-SQ-142KW
- Issued by
- Volusia County, Florida
About this file
This is an insurance requirements document for contract 25-SQ-142KW issued by the County of Volusia's Purchasing & Contracts Division for Title Services/Closing Agent services. The document specifies the mandatory insurance coverage types and minimum limits that contractors must maintain, including Workers Compensation with Florida Statutory Coverage and waiver of subrogation, Commercial General Liability with $1,000,000 per occurrence and $2,000,000 general aggregate limits, Auto Liability with $100,000 combined single limit, Professional Liability covering various title and closing services at $1,000,000 per claim/aggregate with maximum $10,000 deductible, and Fidelity Bond coverage of $250,000 single loss limit. The County must be named as additional insured on the Commercial General Liability policy, and all policies require waiver of subrogation provisions where applicable.
The insurance requirements include specific provisions such as prior acts coverage for Professional Liability, fraudulent e-mail wire transfer coverage, and coverage for claims caused by independent contractors. The Fidelity Bond must be written on Surety & Fidelity Association Form 15 with specific insurance agreements. All insurance policies must provide thirty days written notice of cancellation to the County of Volusia at 123 W. Indiana Avenue, Room 302, DeLand, FL 32720. The document establishes these as minimum requirements that successful contractors must meet and maintain throughout the contract term.
View the file
Other files
On GovTribe
Work with this file
- Download the original file
- Contacts named in this file
- Similar government files
- Ask GovTribe AI about this file
Text version
Required Types and Limits of Insurance 25-SQ-142KW
Figure 1: Required of the Title Services/Closing Agent
TYPE OF INSURANCE
WORKERS COMPENSATION
Waiver of Subrogation Florida Statutory Coverage
COMMERCIAL GENERAL LIABILITY
Occurrence Basis Contractual Liability County Additional Insured Waiver of Subrogation
EACH OCCURRENCE $ 1,000,000
GENERAL AGGREGATE $ 2,000,000
Premises-Operations $ 1,000,000
Products & Completed Ops
Personal & Adv Inj. $ 1,000,000
Fire Damage $
AUTO LIABILITY
Any Auto
Combined Single Limit $ 100,000
Bodily Injury (Per person) $
Bodily Injury (Per accident) $
Property Damage (Per Accident) $
Note: Contractor shall be limited to use of scheduled vehicles if does not have Coverage Symbol 01 (Any Auto). If contractor does not own any vehicles, Contractor shall have coverage symbol 8 (Hired Autos) and coverage symbol 9 (Non-Owned Autos).
PROFESSIONAL LIABILITY
Policy shall Insure: Escrow Agent, Title Insurance Agent, Title Searcher, Title Abstractor, Closing Agent, Notary Public Prior Acts Coverage Claims Related to Defect or Deficiency Claims Caused by Independent Contractors Fraudulent E-mail Wire Transfer Coverage (Third
Party)
$ 1,000,000 Per Claim/Aggregate
$ 10,000 Maximum Deductible
FIDELITY BOND
Written on Surety & Fidelity Association Form 15 with Insurance Agreements A, B, C, & F or its equivalent.
$ 250,000 Single Loss Limit $ 10,000 Maximum Single Loss Retention
CANCELLATION: Thirty (30) days written notice of cancellation is required to the Certificate Holder:
Certificate Holder:
County of Volusia Purchasing & Contracts Division 123 W. Indiana Avenue, Room 302 DeLand, FL 32720
ATTN: Analyst Name
Required Types and Limits of Insurance 25-SQ-142KW
File details come from the government source that posted it. Updated .