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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 /> Premium Summar�• <br /> The estimated program cost for the options are outlined in the following table: <br /> �` -��i ..e ;�(' � •-�•• � ..� . <br /> • • - r�4''� '' � • <br /> Package Premium AIX Specialty Insurance $250,492 00 AIX Specialty Insurance $251,124.00 <br /> Taxes Company(Hanover Insurance $9,769.00 Company(Hanover Insurance $9,793.00 <br /> Total Fees Companies) $501.00 Companies) $502.00 <br /> Estimated Cost $260,762.00 §261,419.00 <br /> TRIA Premium - $1,938.00 <br /> Excess Property Premium Travelers Indemnity Company $73,764.00 Travelers Indemnity Company $73,764.00 <br /> Estimated Cost (The Travelers Companies, $73,764.00 (The Travelers Companies, §73,764.00 <br /> TRIA Premium Inc.) - Inc.) Included <br /> Equipment Breakdown Premium Federal Insurance Company $6,918.00 Federal Insurance Company $7,002.00 <br /> Estimated Cost (Chubb Group of Insurance a6,918.00 (Chubb Group of Insurance �7,002.00 <br /> TRIA Premium Companies) - Companies) - <br /> Crime Premium National Union Fire Insurance $3,202.00 National Union Fire Insurance $3,202.00 <br /> Estimated Cost Company of Pittsburgh PA $3,202.00 Company of Pittsburgh PA y3,202.00 <br /> TRIA Premium (American International - (American International - <br /> Group,Inc) Group,Inc) <br /> Cyber Liability Premium Illinois Union Insurance $12,735.00 Illinois Union Insurance $13,441.00 <br /> Taxes Company(ACE Group) $471.00 Company(ACE Group) $496.21 <br /> Estimated Cost 513,206.00 $13,937.21 <br /> TRIA Premium - _ <br /> Excess Workers Compensation Premium Liberty Mutual Insurance $639,636.00 Liberty Mutual Insurance $652,429.00 <br /> Estimated Cost Company $639,636.00 Company �652,426.00 <br /> TRIA Premium Included Included <br /> Total Estimated Program Cost � ` E977,488.00 $1,011,750.21 <br /> �uote irom National Union Fire Insurance Company of Pittsburgh PA(American International Group, Gallagher is responsible for the placement of the following lines of coverage� <br /> Inc)is valitl until 101112016 Package <br /> �uote from Illinois Union Insuronce Company(ACE Group)is valid until 10/1I2016 Excess Property <br /> Quote from Federal Insurance Company(Chubb Group of Insurance Companies)is valid until 10I112016 Equipment Breakdown <br /> Quote from Travelers Indemnity Company(7he Travelers Companies,Inc.�is valid until 9I30I2016 Crime <br /> Quote hom AIX Specialty Insurance Company(Hanover Insurance Companies)is valid until 9/72I2016 Cyber Liability <br /> Quote hom Liberty Mutual is valid until 1 01112 0 7 6 Excess Workers Compensation <br /> It is understood that any other type ot exposure/coverage is edher self-insuretl or placed by another brokerage <br /> firm other ihan Gallagher.If you neetl help in placing other lines of coverage or covenng other types of <br /> exposures,please contact your Gallagher representative. <br /> Arthur].Gallaghet Risk Management Services,Inc. <br /> 40 <br />
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