9-Lockbox Insurance.pdf
PDF 131 KB Posted
- Attached to
- Lockbox Services
- Solicitation number
- 42-ITB-26
- Issued by
- Brevard County, Florida
About this file
This is an insurance requirements document for the City of Palm Bay, Florida's Lockbox Services contract. The City's Customer Care Division bills approximately 58,000 utility, sanitation, and stormwater accounts monthly across five billing cycles, with an additional 23,500 stormwater-only accounts billed annually. The awarded bidder must procure and maintain specified insurance coverage before starting work and until final acceptance by the City, with all certificates of insurance submitted to the City of Palm Bay at 120 Malabar Road SE, Palm Bay, Florida 32907. A minimum of 30 days advance written notice must be provided to the City prior to any policy renewal, non-renewal, cancellation, or modification.
The mandatory minimum insurance requirements include Commercial General Liability with limits of $1,000,000 per occurrence and $2,000,000 annual aggregate combined single limit, written on an occurrence form and naming the City as an additional insured; Commercial Crime Coverage including Employee Dishonesty, Forgery or Alteration, Theft Disappearance & Destruction, and Computer Fraud with a minimum of $100,000; Professional Liability or Errors and Omissions Insurance with a minimum of $1,000,000 aggregate and deductible not exceeding $5,000 per claim; Cyber Liability Insurance with minimum coverage of $1,000,000 for unauthorized access, security failures, privacy breaches, notification costs, and regulatory defense; and Workers' Compensation Insurance as required by Florida statute with Employers' Liability coverage of $100,000 per accident, $500,000 policy limit for disease, and $100,000 per employee for disease. All deductibles must be disclosed, and if a Professional Employer Organization is used, all employees assigned to the City must be included on the PEO roster.
View the file
Other files
| File | Type | Posted |
|---|---|---|
| 8-42-ITB-26 Lockbox Services Bid Form.xlsx | XLSX spreadsheet | |
| 5-STANDARD TERMS CONDITIONS.pdf | ||
| 3-REFERENCES.pdf | ||
| 7-42-ITB-26 Exhibit 1.pdf | ||
| 6-DRAFT AGREEMENT.docx | DOCX document | |
| 1-NON-COLLUSION AFFIDAVIT.pdf | ||
| 4-HUMAN TRAFFICKING AFFIDAVIT.pdf | ||
| 2-DRUG FREE WORKPLACE.pdf |
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Text version
INSURANCE REQUIREMENTS
Before starting and until acceptance of the work by the City, the Awarded Bidder shall, as a minimum mandatory condition precedent to this work, procure and maintain insurance of the types and to the limits specified below, at their own expense and without cost to the City, until final acceptance by the City of all products or services covered by the purchase order or contract. The policy limits required are to be considered minimum amounts:
The Certificate of insurance shall be made to the City of Palm Bay, 120 Malabar Rd. SE, Palm Bay FL 32907 and should reference the operation.
Prior to renewal, non-renewal, cancellation, or change or modification of any insurance policy, at least 30 days advance written notice shall be given to the City of Palm Bay.
Minimum coverage with limits and provisions are as follows:
Commercial General Liability: The Successful Bidder shall provide minimum limits of $1,000,000.00 each occurrence, $2,000,000.00 annual aggregate combined single limit for bodily injury and property damage liability. This shall include premises/operations, personal & advertising injury, products, completed operations, and contractual liability, specifically confirming and ensuring the indemnification and hold harmless clause of the contract. This policy of insurance shall be considered primary to and not contributing with any insurance maintained by the City of Palm Bay and shall name the City of Palm Bay as an additional insured. The policy of insurance shall be written on an “occurrence” form.
Commercial Crime Coverage: The successful bidder shall provide Commercial Crime Coverage to include Employee Dishonesty, Forgery or Alteration, Theft Disappearance & Destruction, and Computer Fraud with a minimum limit of $100,000. All deductibles should be disclosed.
Professional Liability Insurance or Errors and Omissions Insurance: Successful Bidder shall provide professional liability insurance, or Errors and Omissions Insurance, with a minimum limit of $1,000,000.00 aggregate with respect to acts, errors or omissions in connection with professional services to be provided under this Agreement. Any deductible is not to exceed $5,000.00 for each claim. Consultant represents it is financially responsible for the deductible amount. [EXAMPLES: Engineering, A&E, Software, Staffing/Payroll, Licensed consultant (geologist, environmental remediation, financial consultants, etc.)]
Cyber Liability Insurance: The Contractor shall maintain network risk and cyber liability coverage (including coverage for unauthorized access, failure of security, breach of privacy perils, as well as notification costs and regulatory defense) in an amount of not less than $1,000,000. Such insurance shall be maintained in force at all times during the term of the Contract.
Workers' Compensation: The Successful Bidder shall provide and maintain workers’ compensation insurance for all employees in the full amount required by statute and full compliance with the applicable laws of the State of Florida.
Exemption certificates to this requirement are not acceptable. Should the Named Vendor utilize a Professional Employer Organization, said Vendor acknowledges and agrees that all employees sent to the City of Palm Bay
MUST be included on that PEO roster. Said policy must include Employers’ Liability insurance with limits of no less than:
• Each Accident $ 100,000.00
• Disease – Policy Limit $ 500,000.00
• Disease – Each Employee $ 100,000.00
INSURANCE REQUIREMENTS
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