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 document details the Required Types and Limits of Insurance for a County of Volusia procurement opportunity (reference number 25-SQ-142KW), specifically focused on insurance requirements for Title Services/Closing Agents. The insurance specifications outline comprehensive coverage requirements across multiple insurance categories including Workers Compensation, Commercial General Liability, Auto Liability, Professional Liability, and a Fidelity Bond.
The insurance requirements specify precise coverage limits, such as $1,000,000 per occurrence for Commercial General Liability, $100,000 combined single limit for Auto Liability, and $1,000,000 per claim/aggregate for Professional Liability. Additional notable requirements include a waiver of subrogation, coverage for various professional roles (Escrow Agent, Title Insurance Agent, Title Searcher, etc.), prior acts coverage, and protection against claims caused by independent contractors. The document mandates a 30-day written notice for any insurance cancellation and lists the County of Volusia Purchasing & Contracts Division as the certificate holder, located at 123 W. Indiana Avenue, Room 302 in DeLand, FL 32720.
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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 .