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R2018-117 Authorizing Property and Liability Insurance Coverage for the City for the Policy Period Oct. 1, 2018 - Oct. 1, 2019
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R2018-117 Authorizing Property and Liability Insurance Coverage for the City for the Policy Period Oct. 1, 2018 - Oct. 1, 2019
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9/6/2018 10:15:47 AM
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9/6/2018 10:15:45 AM
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Resolution/Ordinance
Res Ord Num
R2018-117
Res Ord Title
Resolution Authorizing Property and Liability Insurance Coverage for the City of Decatur, Illinois for the Policy Period October 1, 2018 to October 1, 2019
Department
Finance
Approved Date
9/4/2018
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RESOLUTION NO. R2018 - 1 1 7 <br /> RESOLUTION AUTHORIZING PROPERTY AND LIABILITY <br /> INSURANCE COVERAGE FOR THE CITY OF DECATUR,ILLINOIS <br /> FOR THE POLICY PERIOD OCTOBER 1,2018 TO OCTOBER 1,2019 <br /> WHEREAS, the City of Decatur current business insurance coverage shall <br /> expire September 30, 2018, and, <br /> WHEREAS, the City of Decatur is in need of property and liability insurance <br /> coverage for the period October 1,2018 through October 1, 2019; and <br /> WHEREAS, Arthur J. Gallagher Risk Management Services, Inc. has secured <br /> quotes on the City's behalf for property and liability insurance for the period October 1, <br /> 2018 through October 1, 2019; and, <br /> WHEREAS, AIX Specialty Insurance Company (Hanover Insurance <br /> Companies) has submitted a quote to provide property, general liability, employee <br /> benefits liability, errors and omissions liability, employment practice liability, sexual <br /> harassment liability, sexual abuse liability, law enforcement liability, automobile <br /> liability, in the amount of$264,473.00. <br /> BE IT THEREFORE RESOLVED BY THE CITY COUNCIL OF THE CITY <br /> OF DECATUR, ILLINOIS: <br /> Section 1. That the quote of AIX Specialty Insurance Company (Hanover <br /> Insurance Companies) to supply property, general liability, employee benefits liability, <br /> errors and omissions liability, employment practice liability, sexual harassment liability, <br /> sexual abuse liability, law enforcement liability, automobile liability, in the amount of <br /> $264,473.00 to the City of Decatur be, and the same is hereby, accepted and approved. <br /> Section 2. That the City Manager be, and is hereby authorized to direct Risk <br /> Management to execute the Client Authorization to Bind Coverage with Arthur J. <br /> Gallagher Risk Management Services for the afore-mentioned service in accordance <br /> with the quotes as submitted by said companies. <br /> PRESENTED AND ADOPTED this 4th day of September,2018. <br />
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