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R2016-109 ACCEPTING THE BID AND AUTHORIZING A CONTRACT WITH LANCER INSURANCE CO. AND ADMIRAL INSURANCE CO. FOR TRANSIT LIABILITY INSURANCE
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R2016-109 ACCEPTING THE BID AND AUTHORIZING A CONTRACT WITH LANCER INSURANCE CO. AND ADMIRAL INSURANCE CO. FOR TRANSIT LIABILITY INSURANCE
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9/26/2016 10:11:12 AM
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9/26/2016 10:11:07 AM
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Resolution/Ordinance
Res Ord Num
R2016-109
Res Ord Title
ACCEPTING THE BID AND AUTHORIZING A CONTRACT WITH LANCER INSURANCE CO. AND ADMIRAL INSURANCE CO. FOR TRANSIT LIABILITY INSURANCE
Approved Date
9/19/2016
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� �� ������ - �_�� 6--� <br /> • ■ � ��� _ � ��� � <br /> .._ _ ._ .: ,, , ; <br /> INSUAANCE BONDS � ' � <br /> � <br /> .t��,. sEP a s 2o�s �:.; � <br /> .=1 S��r Capildl Comp.�nr f . <br /> � s � <br /> Umbrella policies have three functions: (1) To provide additional limits above the Each <br /> Occurrence Limit of the insured's primary policies, (2) To take the place of primary insurance <br /> when primary aggregate limits are reduced or exhausted; and (3) To provide broader coverage for <br /> some claims that would not be covered by the insured's primary insurance policies, which could <br /> be subject to policy retention. <br /> � • _' � • � i <br /> Each Occurrence �5,000,000 <br /> Personal Advertising& Injury $5,000,000 <br /> Annual Aggregate $S,U00,000 <br /> Product-Completed Operations Aggregate No Coverage <br /> Self-Insured Retention _p_ <br /> _ s � � • � • � �� <br /> Illinois Changes —Cancellation & Nonrenewal Care, Custody& Control <br /> Illinois Changes—Defense Costs Employee Benefits <br /> Service of Suit Nuclear Energy <br /> 25°/a Minimum Earned Premium Abuse& Molestation <br /> Fungi or Bacteria <br /> Infringement of Intellectual Property Rights <br /> Certified Acts of Terrorism <br /> Avian Flu <br /> Benzene <br /> Unsolicited Communications <br /> Silica or Silica-Related Dust <br /> Employers Liability <br /> Professional Services <br /> __ Terrorism for Commercial Auto Liability <br /> Annual Premium: $21,518 <br /> Endorsements & Exclusions outlined above are in addition to standard policy coverage forms. 9 <br />
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