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R2015-105 AUTHORIZING BINDER COVERAGE
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R2015-105 AUTHORIZING BINDER COVERAGE
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Last modified
9/30/2015 8:59:04 AM
Creation date
9/30/2015 8:59:02 AM
Metadata
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Template:
Resolution/Ordinance
Res Ord Num
R2015-105
Res Ord Title
AUTHORIZING BINDER COVERAGE WITH ARTHUR J. GALLAGHER RISK MANAGEMENT SERVICES, INC. AND ACCEPTING PROPOSALS OF AIX HANOVER, LIBERTY MUTUAL AND TRAVELERS INDEMNITY COMPANY
Department
Finance
Approved Date
9/8/2015
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f <br /> l ���. . � ��.4��a�a� � I <br /> � <br /> �..� �� ��j, �= <br /> ; ___ __ ____ __ _ _ <br /> � <br /> ! Clien# Authorization to Bind Coverage <br /> After careful consideration of Gallagher's proposal dated August 2015,City of Decatur accepts the following <br /> covera.ge(s). <br /> Please check the desired coverage(s). <br /> -.,_:- _-_��._.,=...,..:•:,::.=:-,.:-.: .::.: :.;;_: -,. ,-�:-.:_:-:�;-:;;�,-:I;iiie:'of Covera e::- '... :__--': . .:_:::::.: ..:.:: . :,-. �..,:.:;Ca"rrier:-;` „__ ---- <br /> �Acce t Re'ect Public Enri Packa e—O tion I Munich Re � <br /> ❑Acc t Re'ect Public Enti Packa e—O tion II AIX � <br /> Acce t Re'ect Public Enti Packa e— tion III .4� <br /> ❑Acc t Re'ect Public Enti Packa e—O tion IV AIX � <br /> ❑Acce t ❑Re'ect Excess Liabili Munich Re � <br /> I <br /> Acc t ❑Re'ect Excess Pro e Travelers � <br /> ❑Acc t ❑Re'ect Crime—O tion I AIG ' <br /> € <br /> ❑Ace t ❑Re'ect Crime—O tion II Zurich i <br /> Acc t ❑Re'ect Boiler&Machine Chubb <br /> ❑Acce t ❑Re'ect Excess Workers Com ensation—O rion I$500,000 SIR Lib Mutual � <br /> Acce t ❑Re'ect Excess Workers Com ensation—O tion II$750,000 SIR Libe Mutual � <br /> ❑Accept __ ❑Reject G�ber Liability _____ _____ ACE __ � <br /> TRIA/Terrorism Coyerage _ j, Line_of CoY_erage ._._.___,.____ _ __. ._ Carrier __ � <br /> ' �Accept � ❑Reject Bind TRIA Terrorism Coverage Act as quoted � <br /> Pr.ovide uotations or°Addihonal Infor•maiion on"the Followin Covera e Consider.ations <br /> ❑Yes ❑No Line of Coverage <br /> Descri tion <br /> The above coverage may not necessarily represent the entirety of available insurance products.If you are interested in <br /> pursuing additional coverages other than those addressed in the coverage considerations included in this proposal, ! <br /> please list below: � <br /> � <br /> f <br /> It is understood this proposal provides only a suminary of the details;the policies will contain the actual coverages. � <br /> City of Decatur confums the values,schedules,and other data contained in the proposal are from our records and <br /> acknowledge it is our responsibility to see that they are maintained accurately. <br /> We agree that your liability to us arising from your negligent acts or omissions,whether related to the insurance or <br /> surety placed pursuant to these binding instrucrions or not,shall not exceed$20 million,in the aggregate.Further, <br /> without limiting the foregoing,we agree that in the event you breach your obligations,you shall only be liable for <br /> actual damages we incur and that you shall not be liable for any indirect,consequential or punirive damages. <br /> Client Signature <br /> _ _ I <br /> Dated I <br /> � <br /> � <br /> ,._.,__......,_...... ............�_..._,_..�.._--.�,.�.__..:..._�_�:.�,..--- <br /> Arthnr J.Gallagher Risk Managemeat Seryices,Inc. <br /> DCN DMS Pks/XS WC/XSPro(DECATUA-02)51 <br /> �1 <br /> I <br />
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