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R2019-144 Resolution Authorizing Property and Liability Insurance Coverage for the City of Decatur, Illinois for the Policy Period October 1, 2019 to October 1, 2020
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R2019-144 Resolution Authorizing Property and Liability Insurance Coverage for the City of Decatur, Illinois for the Policy Period October 1, 2019 to October 1, 2020
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10/2/2019 5:46:48 PM
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Resolution/Ordinance
Res Ord Num
R2019-144
Res Ord Title
R2019-144 Resolution Authorizing Property and Liability Insurance Coverage for the City of Decatur, Illinois for the Policy Period October 1, 2019 to October 1, 2020
Department
Finance
Approved Date
9/23/2019
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City CJf Decatur �� Gallagher <br /> `°,���C�►RE 3��. <br /> �ast ysar we did an extensive marketing effort on the City's E�ccess Property coverage.We received iwa competitive <br /> quotations.The City elected to remain with their long-term partner,The Travelers Insurance Company. For the 2019 renewal, <br /> and based upon current market conditions, Travelers gave us competitive renewal terms. <br /> The City's remaining lines of coverage,the Crime, Boiler, and Cyber will see relatively flat renewals. <br /> Due to unfartunate events globally,we are presenting a new line af caverage for the City,called Gallagher Crisis <br /> Pratect. <br /> The caverage is intended ta address the dynamic and wide ranging severity CRISiS that City's and Pubiic Entities are <br /> facing such as Active Assailants, Bomb Threats,Workplace Violence/Assault and large scale emergency evacuations for those <br /> events.These types of events can cause seriaus disruptian,financiai lass,adverse publicity and potentiai tegai liability.The <br /> caverage is intended ta address the costs that can come with an event like this such as counseling, medical expenses of victims <br /> and public relations to name a few. More impprtantly,the caverage also affards for a top rated response team experienced in <br /> those fields,that is available 241'71365 days a year. <br /> The response team acts as a front person for the City in responding the aftermath of the matter.The coverages of this <br /> program are further highlighted in aur praposal.We recommend that the Gity purchase this coverage. <br /> In conclusion,the City of Decatur's 2019l20 renewai pricing,coverages and limits remained stable and were <br /> campetitively priced. <br /> We would like to thank yau and your team for aElowing us the opportun'rty to be af service ta the City of Deca#ur.We <br /> vaiue your loyalty. <br /> Yours truly, <br /> Michael McHugh <br /> I Area Senior Executive Vice President <br /> :.,'.�'a'S; <br /> .�"�... <br /> ,'.,�`?„��;.,. <br /> .�,�` .�W.°.�t <br /> M`�.��� <br /> '1"a a�i,," <br /> `," � � y�.. <br /> r; {s '�M';�. i;.. <br /> �t' �� ,� a 1�. <br /> 4 � y .�. y�� <br /> a $ <br /> S:� <br /> ...--s.„«rt . _ < M�``, <br />
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