Vendor Insurance Requirements
Indian River County has established insurance guidelines which are subject to review and modification by the Risk Manager as each contract carries its own risk; as a result of the review, insurance requirements may be modified to address specific exposures. Generally, the County's minimum insurance requirements consist of the following, unless otherwise specified in the agreement:
- Commercial General Liability
Minimum limits of liability of $500,000 per occurrence combined single limits for Bodily Injury and Property Damage; to Include
- Premises/Operations Liability
- Products/Completed Operations
- Contractual Liability
- Independent Contractors coverage
- Business Automobile Liability
Minimum limits of $500,000 per occurrence combined single limits for Bodily Injury and Property Damage; to include
- Owned Autos
- Hired Autos
- Non-Owned Autos
- Workers' Compensation Coverage
- with statutory workers' compensation limits,
- and no less than $100,000 each incident of bodily injury or disease for Employers' Liability to include a waiver of Subrogation endorsement.
- Indian River County will be named as an "Additional Insured" on the General Liability policy.
- Indian River County will be given thirty (30) days' notice prior to cancellation or modification of any insurance requirements within the contract. Such notification will be in writing by mail and addressed to the Risk Manager.
Insurance carriers providing coverage required herein must be licensed to conduct business in the State of Florida and must possess a current A.M. Best's Financial Strength Rating of A- Class VIII or better. (Note: State licenses can be checked via www.floir.com/companysearch/ and A.M. Best Ratings are available at www.ambest.com) The insurance requirements applicable to a specific procurement can be found within the County's Invitation for Bids or Request for Proposals Document and the resulting Contract.