Exhibit 3 - Specific Insurance Requirements.pdf

625 FLAGLER ACQUISITION, LLC

625 N. Flagler Drive, Suite 501

West Palm Beach, Florida 33401

Telephone: 561-615-3903

Fax: 561-615-9545

INSURANCE INFORMATION

Property: 625

Property Address: 625 N. Flagler Drive, West Palm Beach, FL 33401

Additional Named Insured: 625 Flagler Acquisition, LLC., 625 N. Flagler Drive, Suite 501, West Palm Beach, FL 33401

Certificate Holder Section: 625 Flagler Acquisition, LLC., 625 N. Flagler Drive, Suite 501, West Palm Beach, FL 33401

Location: The certificate must indicate in the “Description” area that the insurance covers the subject name, with the appropriate address of the property. Please ensure that the appropriate suite number is indicated also, if applicable.

Required Coverage:

I. All Contractors and Third Party Services

Every contractor and all parties furnishing services to Our Company or any of its subsidiary companies’ must provide Our Company with evidence of the following minimum insurance requirements. In no way do these minimum requirements limit the liability assumed elsewhere in this contract:

A. Worker's Compensation and Employer's Liability Insurance

1. Bodily injury by accident: $1,000,000

2. Bodily injury by disease: $1,000,000

B. Comprehensive General Liability

1. Each Occurrence: $1,000,000

2. Personal and Adv. Injury: $1,000,000

3. General Aggregate: $2,000,000

4. Comp. Aggregate: $2,000,000

C. Comprehensive Automobile Liability

1. Combined Single Limit Bodily Injury and Property Damage, $1,000,000

II. Umbrella Liability

Such insurance shall provide coverage with limits of not less than $2,000,000 per occurrence/$2,000,000 aggregate, in excess of the underlying coverages listed in A, B, and C above.

Additional Requirements

1. Contractor shall require the same minimum insurance requirements, as listed above, of their subcontractors, and these subcontractors shall comply with the additional requirements listed below.

2. All insurance coverages required as herein set forth, shall be at the sole cost and expense of contractor, subcontractor, or those providing third party services, and deductibles shall be assumed by, for the account of, and their sole risk.

3. Except where prohibited by law, all insurance policies shall contain provisions that the insurance companies waive the rights of recovery or subrogation against Our Company, its agents, servants, invitees, employees, colessees, co-ventures, affiliated companies, contractors, subcontractors, and their insurers.

4. A Certificate of Insurance evidencing the above must be presented to our company prior to work commencing. The certificates will show our company to receive thirty (30) days’ notice prior to cancellation or adverse material change.

You may send a copy of the certificate via fax to 561-615-9545 or email to jod@frinv.com

Thank you for your cooperation.

mailto:jod@frinv.com