R2017-116 Liability Insurance Coverage for Transit System

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RESOLUTION NO. R2017-116 RESOLUTION AUTHORIZING CITY MANAGER TO EXECUTE INSURANCE COVERAGE FOR GENERAL LIABILITY, AUTOMOBILE LIABILITY AND EXCESS LIABILITY FOR DECATUR, ILLINOIS PUBLIC TRANSIT SYSTEM FOR THE POLICY PERIOD SEPTEMBER 22,2017 TO JULY 1,2018 WHEREAS, the Decatur Public Transit System current liability insurance policy coverage shall expire September 22, 2017, and, WHEREAS, the Decatur Public Transit System is in the need of insurance covering general liability, automobile liability and excess liability for the period September 22, 2017 through July 1, 2018; and WHEREAS,J.L. Hubbard Insurance and Bonds has secured quotes on the City's behalf for insurance covering general liability, automobile liability and excess liability for the period September 22, 2017 through July 1, 2018; and WHEREAS,Lancer Insurance Company has submitted a quote to provide general liability and automobile liability, in the amount of$114,831.00; and, WHEREAS, Admiral Insurance Company has submitted a quote to provide excess umbrella liability insurance in the amount of$18,267.00; and, BE IT THEREFORE RESOLVED BY THE CITY COUNCIL OF THE CITY OF DECATUR, ILLINOIS: Section 1. That the quote of Lancer Insurance Company to provide general liability and automobile liability, in the amount of $114,831.00 to the Decatur Public Transit System be, and the same is hereby, accepted and approved. Section 2. That the quote of Admiral Insurance Company to provide excess umbrella liability insurance in the amount of$18,267.00 to the Decatur Public Transit System be, and the same is hereby, accepted and approved. Section 4. That the City Manager be, and is hereby authorized and directed to execute the Client Authorization to Bind Coverage for the above mentioned services in accordance with the quotes as submitted by said companies.