Common use of Design Phase Clause in Contracts

Design Phase. In conjunction with the design phase of the Project (and continuing for as long as specified herein), Design/Builder shall carry insurance as prescribed herein. All insurance policies shall be with a company or companies lawfully authorized to do business in Florida, and with an A.M. Best rating of no less than A/XV. All insurance policies shall be issued and countersigned by duly authorized representatives of such companies and shall be written on ISO standard forms or their equivalents.