HomeMy WebLinkAboutResolution - 2011-R0359 - Purchase Airport & Non-Owned Aircraft Liability Insurance - Ace Insurance Co. - 08/25/2011Resolution No. 2411—RO359
August 25, 2011
Item No. 5.3
RESOLUTION
1 BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF LUBBOCK:
THAT the City Manager of the City of Lubbock is hereby authorized and directed
to purchase for and on behalf of the City of Lubbock, airport and non -owned aircraft
liability insurance coverage from Ace Property and Casualty Insurance Company, for a
premium amount not to exceed $26,438.00; and
THAT the City Manager may execute any routine documents and forms
associated with said insurance coverage.
Passed by the City Council this August 25, 2011
TOM MARTIN, MAYOR
ATTEST:
RebeA Garza, City Secret
APPROVED AS TO CONTENT:
Leisa Hutcheson, Director of Risk Management
APPROVED AS TO FORM:
Chad Weaver, Assistant City Attorney
vw:ccdocs/RES.Risk Mgmt-Ace Property & Casualty Ins
August 9, 2011
Resolution No. 2011-80354
Wells Fargo Insurance Services
QLM
INSURANCE AGENCY
AIRPORT OWNERS & OPERATORS LIABILITY
Insurance Company Ace Property & Casualty Insurance / Ace
A+
XV - AM Best - Admitted Carrier
Effective Date: 10-01-11 to 10-11-12
COVERAGE
Limits of Insurance:
$
50,000,000
Products -Completed Operations, Annual Aggregate
$
50,000,000
Advertising & Personal Injury Aggregate
$
50,000,000
Malpractice Annual Aggregate
$
50,000,000
Extended Coverage - Ware, Hi jacking and Other
Perils - Annual Aggregate
$
250,000
Fire Damage Limit - Any One Person
$
10,000
Medical Expense - Any One Person
$
50,000,000
Hangarkeeper not "in flight" - Any One Occurrence
$
50,000,000
Hangarkeeper not "in flight" - Any One Aircraft
$
50,000,000
Non -Owned Aicraft Liability
$
Included
Terrorism
Exclusions
War, Hi -jacking, Noise, Pollution and other perils exclusion clause
Subject to
90 Days notice of cancellation, non -renewal or reduction in coverage by
Insurer, but
10 Days notice for non-payment of premium.
This information is intended to be reviewed by the representatives for the entity and no other parties. Review by persons
other than the entity's representatives is prohibited. Likewise, dissemination or copying of this document or the information
contained herein to persons other than the entity's representative is also prohibited.