(1) As a prerequisite to the initial issuance, or a change in the status of an active certificate or registration, the applicant shall attest that the applicant will obtain public liability and property damage insurance, in the amounts stated herein. It shall be a violation of this rule for any licensee to fail to continually maintain liability and property damage insurance in amounts set forth herein. The Certificate of Insurance shall be prepared by an insurance agency and must contain the following information:
    (a) Date that the Certificate of Insurance was issued.
    (b) Name of Insurance Agent.
    (c) Name of Insured must reflect the exact name of the entity qualified by the applicant.
    (d) Name of Insurance Company.
    (e) Policy number must be on the Certificate. Binder numbers of copies of policies will not be acceptable.
    (f) Effective date of policy.
    (g) Expiration date of policy.
    (h) The minimum amount of liability and property damage insurance required as a prerequisite to the issuance of a certificate or registration or registered license, as listed below:
1. Liability Insurance:
(including completed operations and products)

$100,000/per person $300,000/per occurrence and
2. Property Damage Insurance (including completed operations and products)

$500,000 or
3. Minimum combined single limit policy
$800,000
    (i) Certificate holder must be the Department of Business and Professional Regulation, the Electrical Contractors’ Licensing Board.
    (j) The cancellation notice shall stipulate that, should the public liability and property damage coverage, described above, be cancelled before the expiration date, the issuing company will mail a thirty day written notice to the Certificate Holder named on this Certificate.
    (k) The agent’s signature.
    (l) The licensee’s correct license number.
    (2) As a prerequisite to the initial issuance, or a change in the status of an active certificate or registration, the applicant shall attest the applicant will obtain workers’ compensation insurance or an appropriate exemption pursuant to Florida Statutes Chapter 440 It shall be a violation of this rule for any licensee to fail to continually maintain workers’ compensation coverage or an appropriate exemption as required.
    (3) The insurance shall, at all times, be carried in the name of the licensee or the business name appearing on the licensee’s certificate or registration.
    (4) By applying for renewal, each certificateholder or registrant certifies that he or she has continually maintained the required amounts of public liability and property damage. To verify each certificateholder or registrant has continually maintained the required amounts of public liability and property damage insurance, as well as workers’ compensation coverage or appropriate exemption pursuant to Florida Statutes Chapter 440, the Board will conduct random sample audits of at least 10% of the total number of certificates and registrants. Upon written request by the Board, each selected licensee must within thirty days submit proof of coverage, in the form of an original Certificate of Insurance, showing the licensee has obtained and continually maintained the proper amount of public liability and property damage insurance, as well as workers’ compensation coverage or appropriate exemption pursuant to Florida Statutes Chapter 440, within the specified time period set forth in the Board’s request.
    (5) Failure to comply with the Board’s request to submit proof of coverage, which meets the requirements of the Board, will be a violation of this rule.
Rulemaking Authority 489.507(3), 489.510, 489.511(4), 489.515 FS. Law Implemented 489.507(2), 489.510, 489.511(4), 489.515, 489.517(5), 489.537 FS. History-New 1-2-80, Formerly 21GG-5.08, Amended 5-20-92, Formerly 21GG-5.008, Amended 9-22-97, 3-29-99, 3-19-02, 12-27-04, 8-3-08.