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R2020-125 Resolution Authorizing Property and Liability Insurance Coverage for the City of Decatur Illinois for the Policy Period October 1, 2020 to October 1, 2021
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R2020-125 Resolution Authorizing Property and Liability Insurance Coverage for the City of Decatur Illinois for the Policy Period October 1, 2020 to October 1, 2021
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9/29/2020 10:40:30 AM
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9/29/2020 10:40:21 AM
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Resolution/Ordinance
Res Ord Num
R2020-125
Res Ord Title
R2020-125 Resolution Authorizing Property and Liability Insurance Coverage for the City of Decatur Illinois for the Policy Period October 1, 2020 to October 1, 2021
Department
Finance
Approved Date
9/21/2020
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City Of Decatur Gallagher <br /> •CURE 360' <br /> Exclusions include,but are not limited to: <br /> General Liability Absolute Lead Exclusion <br /> General Liability War and Nuclear Hazard <br /> General Liability Mold /Fungus <br /> EBL Dishonest, fraudulent, criminal or malicious actor omission <br /> EBL Bodily Injury or Property Damage or Pbrsonal Injury <br /> EBL Failure of performance of contract <br /> EBL Failure of any investment to perform as represented by you <br /> EBL Failure to comply w ith mandatory provisions of any law concerning Workers' Compensation, <br /> unemployment insurance, social security or disability benefits <br /> EBL Wrongful termination of an employee <br /> EBL Coercion, demotion, reassignment, discipline or harassment of an employee <br /> EBL Discrimination against an employee <br /> General Liability Terrorist Activity Exclusion <br /> Binding Requirements: <br /> Subject to Receipt and Acceptable Underw riter Review of the Latest Dam Inspection Report <br /> Subject to Signed TRIA Selection Form and Signed Application are Required at Binding (Acord 60 US (2015/01) <br /> Subject to Confirmation no material change in exposures from current application <br /> Subject to Receipt of loss runs valued w ithin 60 days of inception. <br /> Subject to Confirmation accumulated surplus is sufficient <br /> Other Significant Terms and Conditions/Restrictions: <br /> 11.5% PSI Program Managers (10.0%Program Management &Underwriting + 1.5% Claims Management) <br /> Total Premium Includes TRIA Premium of$1,843.00 Plus Tax of$73.00. <br /> Premium INCLUDED <br /> Taxes INCLUDED <br /> ESTIMATED PROGRAM COST INCLUDED <br /> Minimum And Deposit Premium - $273,542.00 <br /> TRIA/TRIPRA PREMIUM INCLUDED <br /> (+Additional Surcharges, Taxes and Fees as applicable) <br /> 16 <br /> • <br />
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