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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 (Cont.) <br /> Endorsements include,but are not limited to: <br /> . - - � <br /> Travelers Excess Property Coverage Form(Specimen copy available upon request)-XS P1 00 08 04 <br /> The endorsement"Protection of Property Expense-Exclusion and Underlying Insurance Limitation"applies. <br /> Exclusions include, but are not limited to: <br /> . - - • <br /> "Certain computer related losses due to dates or times" <br /> Nuclear Hazard,War, Military Action, Electronic Vandalism and Pathogenic or Poisonous Biological or Chemical <br /> Materials <br /> Fungus,Wet Rot, Dry Rot and Bacteria. <br /> "Loss Due to Virus or Bacteria" <br /> ----------------- --—- <br /> "Frame"builders risk projects are excluded <br /> ___ _- ._ ... ... ..____ <br /> This policy does not provide coverage for over the road ' <br /> Binding Requirements: <br /> . - - . <br /> Subject to Please forward a copy of the completed primary policy for our review and acceptance within 60 days of <br /> the effective date of coverage. <br /> Other Significant Terms and Conditions/Restrictions: <br /> . - • • <br /> TIV: The premium quoted herein is based on the TIV reported below and any changes to this TIV could impact the <br /> final premium charged. <br /> PD : $211,019,549 <br /> BI : $5,600,000 <br /> Total : $216,619,549 <br /> 100% Layer x/s: $215,469,549 x/s <br /> 100% Layer: $1,150,000 <br /> Our participation is subject to us writing 100%of the authorized line(s). If more than one option is presented this <br /> would apply to any single option. Please contact us if you would like to discuss alternatives <br /> This coverage is subject to a 125% Margin Clause applied per location to: Bldgs/BPP <br /> This coverage is subject to 60 days notice of cancellation except 10 days for non payment <br /> This policy does not provide coverage for over the road. <br /> Important Notice Regarding Compensation Disclosure , <br /> Federal Terrorism Risk Insurance Act Disdosure _� <br /> ___ -- -_____ ____... __. <br /> Arthur J.Gallagher Risk Management Services,Inc. <br /> 28 <br />
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