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R2011-153 ACCEPTING BID AND AUTHORIZING CONTRACT WITH TRAVERLERS COMPANIES, INC.
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R2011-153 ACCEPTING BID AND AUTHORIZING CONTRACT WITH TRAVERLERS COMPANIES, INC.
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8/31/2015 2:46:48 PM
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8/31/2015 2:46:43 PM
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Resolution/Ordinance
Res Ord Num
R2011-153
Res Ord Title
ACCEPTING BID AND AUTHORIZING CONTRACT WITH THE TRAVELERS COMPANIES, INC. - TRANSIT LIABILITY INSURANCE
Department
Mass Transit
Approved Date
9/19/2011
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Proposal of Insurance for: Decatur Public T rajisit System <br /> Coverage Highlights/Summary of Terms & Conditions of <br /> Recommended Carrier Quotations <br /> Travelers_Indemnit.y:Co. &Affiliates <br /> Coverage: General Liability <br /> Carrier: Travelers Indemnity Co. &Affiliates <br /> Form#: specimen upon request <br /> Form Type: ® Per Occurrence <br /> ❑ Claims-Made Retroactive and/or Pending and Prior Litigation Date <br /> ❑ N/A <br /> Effective: September 22, 2011 <br /> 'If!Property.,. UL Underlying Limit/ <br /> Terms/Option/ Valuation 'D•=;Deductible/ <br /> CoverageParts ;Limit _ Type = 'R' `Retention Premium* <br /> General Aggregate $2,000,000 <br /> Products-Completed Operations $2,000,000 <br /> Aggregate <br /> Personal and Advertising Injury $1,000,000 <br /> Limit Retention -$250,000 $1,963 <br /> Each Occurrence Limit $1,000,000 <br /> Fire Legal Liability $100,000 <br /> Medical Payments No Coverage <br /> Abuse or Molestation Aggregate $100,000 <br /> 'Premium includes TRIA premium of$1%.This additional premium can be removed with acceptance of an absolute Terrorism exclusion. <br /> The following is a general summary of the Insuring Agreement.Actual policy form should be sought for complete terms and conditions. <br /> Auditable Exposures and Audit Frequency, if applicable: <br /> • N/A <br /> Statement of Defense Costs: <br /> ❑ Does Not Apply <br /> ® Applicable <br /> ❑ Within Policy Limit(expenses erode policy limit) <br /> ® In addition to Policy Limit, and if so: <br /> ❑ Limited <br /> ® Unlimited <br /> ❑ Follow Form Underlying <br /> Arthur J. Gallagher Risk Management Services,Inc. <br /> I:\UsersUmiller\Proposals\Decatur Transit Management 2011.docx 9/9/11 6 <br />
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