title
Approve Annual Renewal of Various Insurance Policies
recommendation
That the City Council:
1. Approve the insurance policy renewal for Excess Liability insurance with AIX Specialty Insurance Company, in the amount of $164,294.57, for the period of July 1, 2019 to July 1, 2020;
2. Approve the insurance policy renewal for Excess Workers’ Compensation insurance with New York Marine and General Insurance Company, in the amount of $50,054.00, for the period of July 1, 2019 to July 1, 2020;
3. Approve the insurance policy renewal for Property & Equipment Breakdown insurance with American Home Assurance Company, in the amount of $101,000.00 for the period of July 1, 2019 to July 1, 2020;
4. Approve the insurance policy renewal for Difference In Conditions (Earth Movement and Flood) insurance with Arrowhead in the amount of $181,558.73, for the period of July 1, 2019 to July 1, 2020;
5. Approve the insurance policy renewal for Auto Physical Damage insurance with Hanover Insurance Company, in the amount of $5,868.00, for the period of July 1, 2019 to July 1, 2020;
6. Approve the insurance policy for Cyber Risk insurance with ACE American Insurance Company (Chubb), in the amount of $9,105.00, for the period of July 1, 2019 to July 1, 2020;
7. Approve the insurance policy for Crime insurance with Hanover Insurance Company, in the amount of $2,548.00, for the period of July 1, 2019 to July 1, 2020;
8. Approve the insurance policy for Pollution/Environmental Legal Liability insurance with Indian Harbor Insurance (XL Catlin), in the amount of $13,390.20, for the period of July 1, 2019 to July 1, 2020;
9. Approve the insurance policy for Volunteer Accident insurance with Berkley Accident & Health, in the amount of $557.00, for the period of July 1, 2019 to July 1, 2020;
10. Approve the insurance policy for Standalone Terrorism Liability, Business Interruption, and Property Damage insurance with Lloyd’s / Beazley, in the amount of $8,276.64, for the period of July 1, 2019 to July 1, 2020.