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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 /> DeductibleslSlRs: <br /> . • <br /> Retention -Sidecar-Each Claim $25,000 <br /> Retention Network Security Liability-Each $25,000 <br /> Claim <br /> Retention Internet Media Liability-Each Claim $25,000 <br /> _ _ __ _ <br /> Retention Network Extortion-Each Claim $25,000 <br /> Retention Digital Asset Coverage-Each Claim $25,000 ', <br /> ----- <br /> Retention Business Interruption-Each $25,000/12 Hours ' <br /> Claim/Waiting Period , <br /> Definition of Claim: �I <br /> � � <br /> With respect to Insuring Agreement D: II <br /> a.A written demand against any Insured for monetary or non-monetary damages II <br /> b.A civil proceeding against any Insured seeking monetary damages or non-monetary or injunctive relief, i <br /> commenced by the service of a complaint or similar pleading; 'i <br /> c.An arbitration proceeding against any Insured seeking monetary damages or non-monetary or injunctive relief <br /> Incident or Claim Reporting Provision: �I <br /> •�- • . � . • I <br /> Written notice of claim, potential claim, or circumstance(breach)shall be �I <br /> sent to the carrier as soon as practicable, but no later than 30 days after <br /> the end of policy period or ERP: II <br /> Claim Data Breach Coach Hotline: 1 (800)817-2665 ; MaiUOvernight: Director of ', <br /> Claims,ACE Professional Risk, P.O. Box 5150, Scranton, PA 18505-0518; �i <br /> ACECIaimsFirstNotice@acegroup.com; Network Extortion Claims Hotline i, <br /> 1-800-523-9254—For urgent Network Extortion Threat support j <br /> Extended Reporting Period(ERP)Options": i <br /> . • <br /> . • • i <br /> � <br /> Extended Reporting 100%of last annual 12 <br /> Period premium 60 Days months , <br /> *If ERP coverage is desired,then that request must be in writing to the carrier. <br /> Extended Reporting Period(ERP)Options-Additional Details: ', <br /> ERP is noncancellable; premium is deemed fully earned and nonrefundable upon payment. <br /> Written request to the carrier within 60 days of termination or nonrenewal is required to purchase ERP. <br /> Arthur J.Gallagher Risk Management Services,Inc. <br /> 35 , <br />
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