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RESOLUTION NO. R2012- 174
<br /> RESOLUTION AUTHORIZING BINDER COVERAGE WITH ARTHUR J.
<br /> GALLAGHER RISK MANAGEMENT SERVICES,INC.AND ACCEPTING
<br /> PROPOSALS OF MUNICH RE,LIBERTY MUTUAL,
<br /> TRAVELERS INDEMNITY COMPANY AND CHUBB CORPORATION
<br /> WHEREAS, the City of Decatur has a current contract expiring September 30, 2012,
<br /> and is in need of insurance covering property, casualty, workers compensation, and machinery
<br /> breakdown for the period October 1,2012 through September 30, 2013; and
<br /> WHEREAS, Arthur J. Gallagher Risk Management Services, Inc. has secured quotes on
<br /> the City's behalf for insurance covering property, casualty, workers compensation, and
<br /> machinery breakdown for the period October 1, 2012 through September 30, 2013; 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$320,739.00; and,
<br /> WHEREAS, Liberty Mutual has submitted a quote to supply excess workers
<br /> compensation insurance in the amount of$557,676.00; and,
<br /> WHEREAS, Travelers Indemnity Company has submitted a quote to supply excess
<br /> property insurance in the amount of$60,439.00; and,
<br /> WHEREAS, Chubb Corporation has submitted a quote to supply machinery breakdown
<br /> insurance in the amount of$5,417.00.
<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 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$320,739.00 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 $557,676.00 to the City of Decatur be, and the same is hereby,
<br /> accepted and approved.
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