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R2014-114 ACCEPTING THE BID AND AUTHORIZING CONTRACT Liability Insurance
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R2014-114 ACCEPTING THE BID AND AUTHORIZING CONTRACT Liability Insurance
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Last modified
7/24/2015 9:58:42 AM
Creation date
7/24/2015 9:58:41 AM
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Resolution/Ordinance
Res Ord Num
R2014-114
Res Ord Title
ACCEPTING THE BID AND AUTHORIZING CONTRACT WITH LANCER INSURANCE CO. AND ADMIRAL INSURANCE CO. FOR TRANSIT LIABILITY INSURANCE
Department
Mass Transit
Approved Date
9/29/2014
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J_.L. Hubbard <br /> ■ <br /> INSURANCE, ;BONDS <br /> A Soy Capita!Company <br /> Commercial Automobile <br /> Bodily Injury &Property Damage: Combined Single Limit $5,000,000 <br /> Medical Payments: Per Person Excluded <br /> Uninsured&Underinsured Motorist Coverage $20,000/$40,000 <br /> Deductible—Per Claim/Occurrence $100,000 <br /> Comprehensive Coverage No Coverage <br /> Collision Coverage No Coverage <br /> Noted Endorsements Noted Exclusions <br /> Hired&Non-Owned Liability Nuclear <br /> Illinois Changes—Defense Costs Lead <br /> Illinois Changes—Cancellation &Nonrenewal Asbestos <br /> $250 Management Fee Per Claim Handled Over$100 <br /> (Including Expense Payments) <br /> Cost Per Unit <br /> Bus $3,776 22 $83,072 <br /> Passenger Vans $3,909 7 $27,363 <br /> Trolley $1,665 2 $3,330 <br /> Service Vehicle $715 7 $5,005 <br /> Symbol 7,8 & 9 Used For Liability—No Automatic Coverage— <br /> All Changes Must Be Called Into J.L. Hubbard <br /> Annual Premium: $118,770 <br /> Endorsements &Exclusions outlined above are in addition to standard policy coverage forms. 9 <br />
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