R2026-176 Resolution Authorizing Property and Liability Insurance Coverage for the City of Decatur, Illinois for the Policy Period October 1, 2026 to October 1, 2027

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RESOLUTION NO. R2026 - 1/Co RESOLUTION AUTHORIZING PROPERTY AND LIABILITY INSURANCE COVERAGE FOR THE CITY OF DECATUR, ILLINOIS FOR THE POLICY PERIOD OCTOBER 1,2026 TO OCTOBER 1,2027 WHEREAS,the City of Decatur current business insurance coverage shall expire October 1,2026, and, WHEREAS, the City of Decatur is in need of property and liability insurance coverage for the period October 1, 2026 through October 1, 2027; and WHEREAS,Arthur J. Gallagher Risk Management Services,Inc. has secured quotes on the City's behalf for property and liability insurance for the period October 1, 2026 through October 1, 2027; and, WHEREAS, Underwriters at Princeton have submitted a quote to provide property, general liability, employee benefits liability, errors and omissions liability, employment practice liability, sexual harassment liability, sexual abuse liability, law enforcement liability, automobile liability, in an amount not to exceed $314,054.00. BE IT THEREFORE RESOLVED BY THE CITY COUNCIL OF THE CITY OF DECATUR, ILLINOIS: Section 1. That the quote of Underwriters at Princeton to supply property, general liability, employee benefits liability, errors and omissions liability, employment practice liability, sexual harassment liability, sexual abuse liability, law enforcement liability, automobile liability, in an amount not to exceed $314,054.00 to the City of Decatur be, and the same is hereby, accepted and approved. Section 2. That the City Manager be and is hereby authorized to direct Risk Management to execute the Client Authorization to Bind Coverage with Arthur J. Gallagher Risk Management Services for the afore-mentioned service in accordance with the quotes as submitted by said companies. PRESENTED AND ADOPTED this 21St day of September, 2026. deCjilV d vM Juliei i.ore Wolfe, Mayor ATTEST: Kim Althoff, City Clerk