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RESOLUTION NO. R2023 - 2-09 <br /> RESOLUTION AUTHORIZING LIABILITY INSURANCE COVERAGE <br /> FOR THE CITY OF DECATUR,ILLINOIS <br /> FOR THE POLICY PERIOD OCTOBER 1, 2023 TO OCTOBER 1, 2024 <br /> WHEREAS,the City of Decatur current business insurance coverage shall expire <br /> October 1, 2022, and, <br /> WHEREAS, the City of Decatur is in need of liability insurance coverage for the <br /> period October 1, 2023 through October 1, 2024; 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 /> 2023 through October 1, 2024; and, <br /> WHEREAS, Munich RE has submitted a quote to provide general liability, <br /> employee benefits liability, errors and omissions liability, employment practice liability, <br /> sexual harassment liability, sexual abuse liability, law enforcement liability, automobile <br /> liability, in an amount of$331,443.00. <br /> BE IT THEREFORE RESOLVED BY THE CITY COUNCIL OF THE CITY OF <br /> DECATUR, ILLINOIS: <br /> Section 1. That the quote of Munich RE to supply property, general liability, <br /> employee benefits liability, errors and omissions liability, employment practice liability, <br /> sexual harassment liability, sexual abuse liability, law enforcement liability, automobile <br /> liability, in an amount of$331,443.00 to the City of Decatur be, and the same is hereby, <br /> 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 with <br /> the quotes as submitted by said companies. <br />