HomeMy WebLinkAboutResolution - 2011-R0361 - Purchase Crime Insurance Coverage - Travelers Casualty & Surety Co. - 08/25/2011esolution No. 2011-RO361
ugust 25, 2011
tem No. 5.4
RESOLUTION
:-�: 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, crime insurance coverage from
Travelers Casualty & Surety Company of America, for which the premium amount shall
not exceed $6,500.00 or the amount adjusted due to changes in the premiums required as
a result of the annual audit; 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
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P'a-C, -de-g - -
RebeApa Garza, City Secretary
APPROVED AS TO CONTENT:
Leisa Hutcheson, Director of Risk Management
APPROVED AS TO FORM:
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Chad Weaver, Assistant City Attorney
vwxcdocs/RES.Risk Mgmt-Travelers Casualty & Surety
August 9, 2011
Resolution No. 2011—RO361
Wells Fargo Insurance Services
MWA
I NSU R ANCE AGENCY
CRIME
Insurance Com an Travelers Casualty & Surety Company of America
A+ XV - Admitted
Effective Date: 10-01-11 to 10-01-12
COVERAGE
Limits of Insurance:
$ 2,000,000
Employee Theft
$ 2,000,000
Forgery or Alteration
$ 2,000,000
On Premises
$ 2,000,000
In Transit
$ 2,000,000
Money Orders & Counterfeit Money
$ 2,000,000
Computer Fraud
$ 2,000,000
Funs Transfer Fraud
$ 1,000,000
Faithful Performance or Duty
$ 50,000 Deductible
$ 5,000 Claim Expense
CONDITIONS
■ Discovery Form
■ Computer Program & Electronic Data Restoration Expense - Not Covered
■ ERISA Fidelity - Not Covered
■ Employee Theft of Client Property - Not Covered
■ Worldwide Coverage
■ No Policy Aggregate
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.