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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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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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i <br /> Proposal of Insurance for: Decatur Public Transit S,,stem <br /> Premiums/Fees Comparison: <br /> Expiring to Recommended Carriers <br /> Expiring_CarverRenewal Canner <br /> Lineal Coverage/Premium', ` (Based-on-33:Buses.) (Based,on 38:Buses) . <br /> 1. General Liability Travelers Indemnity Co Travelers Indemnity Co <br /> Premium $1,819 $1,963 <br /> 2. Business Auto Travelers Indemnity Co. Travelers Indemnity Co <br /> Premium $55,072 $70,301 <br /> 5. Umbrella Travelers Indemnity Co Travelers Indemnity Co <br /> Premium $64,714 $73,055 <br /> Surplus Lines Taxes N/A N/A <br /> 6. Arthur J. Gallagher Risk <br /> Management Services, Inc. <br /> Fees, if applicable N/A N/A <br /> 7. All Other Fees, if applicable N/A N/A <br /> 8. Expiring Total Premium $121,605 <br /> 9. Recommended Renewal <br /> Premium $145,319 <br /> • Note that$6 installment fee applies if installment option is chosen. <br /> *The premium indicated is an estimate provided by the market.The actual premium and acceptance of the coverage <br /> requested will be determined by the market after a thorough review of the completed application. <br /> Carrier Payment Plan Premiums for the policies are due and payable as billed, in <br /> Y full or as insurance company installments. <br /> Carrier a K..,.. lPayment'Schedule?< <br /> The Travelers Indemnity Company Full Pay, 2 Pay, 4 Pay. $6 Installment fee applies per <br /> installment <br /> Carrier Payment Schedule is valid until 9/22/11. <br /> Arthur J. Gallagher Risk Management Services,Inc. <br /> I:\Users\lmiller\Proposals\Decatur Transit Management 2011.docx 9/9/11 12 <br />
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