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RESOLUTION NO. R2024 - <br /> RESOLUTION AUTHORIZING PROPERTY AND LIABILITY <br /> INSURANCE COVERAGE FOR THE CITY OF DECATUR,ILLINOIS <br /> FOR THE POLICY PERIOD OCTOBER 1,2024 TO OCTOBER 1, 2025 <br /> WHEREAS, the City of Decatur current business insurance coverage shall expire <br /> October 1, 2024, and, <br /> WHEREAS, the City of Decatur is in need of property and liability insurance <br /> coverage for the period October 1, 2024 through October 1, 2025; 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 /> 2024 through October 1, 2025; and, <br /> WHEREAS, Underwriters at Munich RE have submitted a quote to provide <br /> property, general liability, employee benefits liability, errors and omissions liability, <br /> employment practice liability, sexual harassment liability, sexual abuse liability, law <br /> enforcement liability, automobile liability, in an amount not to exceed$376,295.00. <br /> BE IT THEREFORE RESOLVED BY THE CITY COUNCIL OF THE CITY OF <br /> DECATUR, ILLINOIS: <br /> Section 1. That the quote of Underwriters at Munich RE to supply property, <br /> general liability, employee benefits liability, errors and omissions liability, employment <br /> practice liability, sexual harassment liability, sexual abuse liability, law enforcement <br /> liability, automobile liability, in an amount not to exceed $376,295.00 to the City of <br /> 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 with <br /> the quotes as submitted by said companies. <br />