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R2013-99 AUTHORIZING BINDER COVERAGE WITH ARTHUR J. GALLAGHER RISK MANAGEMENT SERVICES, INC.
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R2013-99 AUTHORIZING BINDER COVERAGE WITH ARTHUR J. GALLAGHER RISK MANAGEMENT SERVICES, INC.
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8/14/2015 4:17:01 PM
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8/14/2015 4:17:01 PM
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Resolution/Ordinance
Res Ord Num
R2013-99
Res Ord Title
AUTHORIZING BINDER COVERAGE WITH ARTHUR J. GALLAGHER RISK MANAGEMENT SERVICES, INC. AND ACCEPTING PROPOSALS OF MUNICH RE, LIBERTY MUTUAL AND TRAVELERS INDEMNITY COMPANY
Department
Finance
Approved Date
9/16/2013
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RESOLUTION NO. R 2013-99 <br /> RESOLUTION AUTHORIZING BINDER COVERAGE WITH ARTHUR J. <br /> GALLAGHER RISK MANAGEMENT SERVICES,INC.AND ACCEPTING <br /> PROPOSALS OF MUNICH RE,LIBERTY MUTUAL AND TRAVELERS <br /> INDEMNITY COMPANY <br /> WHEREAS, the City of Decatur has a current contract expiring September 30, 2013, <br /> and is in need of insurance covering property, casualty and, workers compensation for the <br /> period October 1, 2013 through September 30, 2014; and <br /> WHEREAS, Arthur J. Gallagher Risk Management Services, Inc. has secured quotes on <br /> the City's behalf for insurance covering property, casualty, and workers compensation for the <br /> period October 1, 2013 through September 30,2014; and, <br /> WHEREAS, Munich RE has submitted a quote to supply general liability, automobile <br /> liability, law enforcement liability, employee benefits liability, errors and omissions, property <br /> and automobile physical damage insurance in the amount of$316,151.00, and, <br /> WHEREAS, Liberty Mutual has submitted a quote to supply excess workers <br /> compensation insurance in the amount of$620,291.00; and, <br /> WHEREAS, Travelers Indemnity Company has submitted a quote to supply excess <br /> property insurance in the amount of$65,402.00; and, <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 general liability, automobile <br /> liability, law enforcement liability, employee benefits liability, errors and omissions, property <br /> and automobile physical damage insurance in the amount of$316,151.00 to the City of Decatur <br /> be, and the same is hereby, accepted and approved. <br /> Section 2. That the quote of Liberty Mutual to supply excess workers compensation <br /> insurance in the amount of $620,291.00 to the City of Decatur be, and the same is hereby, <br /> accepted and approved. <br /> Section 3. That the quote of Travelers Indemnity Company to supply excess property <br /> insurance in tke amount of $65,402.00 to the City of Decatur be. and the same is hereby, <br /> accepted and approved. <br /> Section 5. That the City Manager and City Clerk be, and they are hereby authorized <br /> and directed to execute the Client Authorization to Bind Coverage with Arthur J. Gallagher <br /> Risk Management Services for the above mentioned services in accordance with the quotes as <br /> submitted by said companies. <br />
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