Vendor Insurance

Insurance Requirements
The County does not have standard insurance requirements as each contract carries its own risk. The County evaluates the risks associated with each procurement and develops insurance requirements to address identified risks. Generally, the County’s minimum insurance requirements consist of the following:

• Worker’s Compensation Insurance for all employees of the Contractor as required by Ch. 440, Fla. Stat. Failure to maintain such insurance throughout the term of the Contract shall be a cause for debarment under Section 10-38 of the Code.
• Commercial General Liability Insurance in an amount not less than $300,000 per occurrence, and $600,000 in the aggregate. Miami-Dade County must be shown as an additional insured with respect to this coverage.
• Automobile Liability Insurance covering all owned, non-owned and hired vehicles used in connection with the Work, in an amount not less than $300,000 combined single limit per occurrence for bodily injury and property damage.

Insurance policies shall be issued by companies authorized to do business under the laws of the State of Florida, with the following qualifications:

• The company must be rated no less than “A-” as to management, and no less than “Class VII” as to financial strength by Best’s Insurance Guide, published by A.M. Best Company, Oldwick, New Jersey, or its equivalent, subject to the approval of the County Risk Management Division.
  - Or - 
• The company must hold a valid Florida Certificate of Authority as shown in the latest “List of All Insurance Companies Authorized or Approved to Do Business in Florida” issued by the State of Florida Department of Financial Services.