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R2016-110 AUTHORIZING CITY MANAGER TO EXECUTE INSURANCE COVERAGE FOR PROPERTY, LIABILITY AND WORKERS COMPENSATION
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R2016-110 AUTHORIZING CITY MANAGER TO EXECUTE INSURANCE COVERAGE FOR PROPERTY, LIABILITY AND WORKERS COMPENSATION
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9/26/2016 10:50:27 AM
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9/26/2016 10:50:01 AM
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Resolution/Ordinance
Res Ord Num
R2016-110
Res Ord Title
AUTHORIZING CITY MANAGER TO EXECUTE INSURANCE COVERAGE FOR PROPERTY, LIABILITY AND WORKERS COMPENSATION FOR THE CITY OF DECATUR, ILLINOIS FOR THE POLICY PERIOD OCTOBER 1, 2016 TO OCTOBER 1, 2017
Approved Date
9/19/2016
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City Of Decatur <br /> Program Details <br /> Coverage: Package-Property <br /> Carrier: AIX Specialty Insurance Company <br /> Policy Period: 10/1/2016 to 10/1/2017 <br /> The following is a general summary of the Insuring Agreement. Refer to actual policy form for complete terms and <br /> conditions. <br /> Coinsurance or Agreed Amount: <br /> � � . • • <br /> All Covered Property Yes N/A <br /> Coverage: <br /> . • . <br /> Coverage Section I-Property: Limit Of Insurance For Each <br /> Occurrence: - <br /> Occurrence For All Coverages Under Coverage Section I: - I <br /> __-____ � <br /> Automobile Physical Damage Limit $1,000,000 <br /> __........_...._.._____._ <br /> Flood&Surface Water Limit $1,000,000 Each <br /> Occurrence <br /> Flood&Surface Water Limit $1,000,000 Annual <br /> Aggregate <br /> Earthquake Limit $1,000,000 Each <br /> Occurrence <br /> Earthquake Limit $1,000,000 Annual <br /> Aggregate <br /> Named Windstorm Limit $1,000,000 Each <br /> Occurrence <br /> Business Income With Rental Value Limit $550,000 Each <br /> Occurrence <br /> Business Income Without Rental Value Limit $550,000 Each <br /> Occurrence <br /> Deductibles/SIRs: <br /> � � <br /> Coverage Section I -Property, If More Than One Peril Covered Hereunder Is Involved In <br /> Deductible An Occurrence, Then The Highest Self Insured Retention With Respect To Coverage - <br /> Section I-Property Shall Apply: <br /> SIR Property unless listed below $150,000 <br /> SIR Automobile Physical Damage $25,000 <br /> _ __ __ <br /> SIR Mobile Equipment $75,000 <br /> 1lrthur J.Gallagher Risk Management Services,Inc. <br /> 14 <br />
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