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Home My WebLink AboutResolution - 2021-R0334 - Insurance for Inland Marine, Pipeline Liability, Crime Coverage & Drones Hull 9.14.21Resolution No. 2021-R0334 Item No. 7.15 September 14, 2021 RESOLUTION 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, inland marine insurance coverage from Travelers Lloyd's Insurance Company, for which the premium amount shall not exceed $17,584; pipeline liability insurance coverage from Federal Insurance Company, for which the premium amount shall not exceed $5,150; crime insurance coverage from Travelers Casualty & Surety Company of America, for which the premium amount shall not exceed $7,577; and drones hull and liability coverage from Global Aerospace, Inc., for which the premium shall not exceed $4,552; and THAT the City Manager may execute any routine documents and forms associated said insurance coverage. Passed by the City Council on ATTEST: September 14, 2021 DANIEL M. POPE, MAYOR D,&, )�� - Reb ca Garza, City Secr tart' APPROVED AS TO CONTENT: D. lu Kostelich, Chie financial Officer APPROVED AS TO FORM: I ell, Deputy City Attorney vwxcdocs/RES.Risk Mgmt-Travelers Lloyds Ins. September 1, 2021 Resolution No. 2021-R0334 Inland Marine Insurance Company: Travelers Lloyds Insurance Company Policy Term: 10/01/2021 to 10/01/2022 Coverage: Inland Marine provides coverage to mobile or specialized types of property such as construction equipment, medical diagnostic equipment, fine arts and a wide variety of other types of property. Annual Premium: $17,584.00 1. COVERAGE, LIMITS OF INSURANCE AND DEDUCTIBLE: MUSEUM COVERAGE FORM A. Property at your premises LIMIT OF INSURANCE Loc. No. Bldg. No. 1 1 $ 5,590,480 3 3 $ 250,000 $ B. Property at any other location $ 500,000 C. Property in transit $ 250,000 D. Deductible: $ 2,500 Communications Coverage Form ® Unscheduled Equipment: a. Total Limit Of Insurance For All Unlisted Equipment: $ 715,423 b. Limit Of Insurance For Any One Unlisted Equipment Item: $ 6,000 c. Limit Of Insurance For Any One Location: $ 690,000 d. Description Of Location Or Unlisted Equipment: Scheduled equipment at Silent Wings Museumand Buddy Holly Center.Unacheduled equip from Tarpley Media Systems. Total Limit Of Insurance For All Scheduled And Unscheduled Transmitting Or Receiving Equipment, $ 715,423 USI Mobile Or Portable Transmitting Or Receiving Equipment Covered Property consists of the following when indicated by an below: 1. ❑ Scheduled Mobile Or Portable Equipment: ❑ As shown on the Mobile Or Portable Equipment Schedule. ❑ As shown on the most current schedule on file with us. The amount shown for each item of mobile or portable equipment on the applicable schedule is the Limit Of insurance applying to that item of mobile or portable equipment Total Limit Of Insurance For All Scheduled Mobile Or Portable Equipment $ 2. ® Unscheduled Mobile Or Portable Equipment: a. Total Limit Of Insurance For All Unlisted Mobile Or Portable Equipment $ 715,423 b. Limit Of Insurance For Any One Unlisted Mobile Or Portable Equipment Item: $ 6,000 c. Limit Of Insurance For Any One Location: $ 690,000 d. Description Of Location Or Unlisted Mobile Or Portable Equipment: Scheduled equipment at SilentWings Museum and Buddy 8ollyCenter.Qnscheduled equip from Tarpley Media Systems. 3. Total Limit Of Insurance For All Scheduled And Unscheduled Mobile And Portable Equipment: $ 715,423 Total Limit Of Insurance For All Covered Property The most we will pay in any one occurrence for all Covered Property shown in this Declarations or elsewhere in this policy is: $ 1,430,846 DEDUCTIBLE Deductible applying to all covered loss or damage unless a more specific Deductible for the covered loss or damage is shown in the Communications Deductible Schedule or elsewhere in this policy: $ 2,500 COINSURANCE The following coinsurance applies when indicated by an 'X': ❑ 100% ❑ 90% ❑ 80% ff Jo Coinsurance Applies REPORTS AND PREMIUM: Minimum Earned Premium: $ NoNS Non -Reporting or Reporting applies as indicated by an 'X' below. ® Non- Reporting: $ 7, 655 Premium ❑ Reporting: See Communications Reporting Endorsement USl C COVERAGE AND OMITS OF INSURANCE Umit of A. Coverage Extensions Insurance Expediting Expenses: $ 25,000 Fine Art: $ 50,000 Fire Protective Systems: $ 75,000 Newly Acquired Or Constructed Property: $ 250,000 Personal Effects: $ 2,500 Tower Collapse Damage To Buildings That Are Not Covered Property: $ 25,000 Tuning Of Towers: $ 50,000 Valuable Papers And Records: $ 50,000 B. Additional Coverages Claim Data Expense: $ 5,000 Debris Removal Increased Limit $ 25,000 Fire or Police Department Service Charge: $ 25,000 ordinance or Law: $ 100,000 Pollutant Clean Up and Removal — Annual Aggregate: $ 15,000 Preservation Of Property Expense: $ 25,000 Reward Coverage 25% of covered loss up to a maximum of: $ 2,500 Excluded coverage or other coverages sought may be available: please discuss with USI Other exclusions and policy limitations may apply. Please refer to the actual policies for specific terms, conditions, limitations, exclusions and sublimits that will govern in the event of a loss. PREMIUM SUMMARY Coverage Premium Minimum Earned Premium Communications $7,655 None Fine Art Museums $9,929 None Account Total $17,584 The estimated premiums) shown above may differ from actual premiums) shown on the policies and Installment bills due to Installment charges, estimated taxes and surcharges, as well as rounding. USI C 0 Pipeline Liability Insurance Company: Federal Insurance Company Policy Term: 10/01/2021 to 10/01/2022 Coverage: Provides coverage for claims arising from an insured's liability due to damage or injury to others during performance of their duties or business. The loss can be reported years later, but the key is when it happened. Annual Premium: $5,150.00 Each Occurrence General Aggregate Products and Completed Operations Aggregate Personal and Advertising Injury Damage to Rented Premises (Each Occurrence) Medical Expense Deductible Schedule of Exposures Class Code ST 00161 TX 97223 TX Machinery Or Equipment -installation Payroll $1,000,000 $2,000,000 $1,000,000 $1,000,000 $1,000,000 $10,000 $2,500 Additional Coverage: Non -Owned Aircraft (under 40 feet) Automatic Coverage for Newly Acquired Organizations (120 Days) Incidental Medical Malpractice Limited Worldwide Coverage Host Liquor Liability Operating Agents/Carried Interest/Non-Operating Working Interest Terrorism Provision Limitation to Designated Premises Project Designated Organization — Power -Tex Pipeline Power -Tex Pipeline —Additional Insured If Any USI G 1 A Exclusions: Information Distribution Pollution Radioactive Material Architects, Engineering or Surveyors Professional Loss of Use of Electronic Date Asbestos Contamination Employment Related Practices Water Operations Underground Resources & Equipment Hazard Nuclear Energy Employee Related Practices Exclusion Employees as Insureds Designated Premises or Project Designated Person or Organizations Covered -Product Withdrawal Expenses & Crisis Assistance Exclusion - Asbestos Exclusion - Enhancement, Maintenance or Prevention Expenses Intellectual Property Laws or Rights Exclusion Exclude Nuclear Energy Exclude Total Pollution with A Hostile Fire Exeption Recall of Products, Work or Impaired Property Exclude Workers' Compensation or Similar Laws Excluded coverage may be available for an additional premium. Other exclusions and policy limitations may apply. Please refer to the actual policies for specific terms, conditions, limitations and exclusions that will govern in the event of a loss. ru-S-111B Crime Insurance Company: Travelers Casualty & Surety Co. of Amer Policy Term: 10/01/2021 to 10/01/2022 Coverage: Travelers Crime coverage offers multiple insuring agreements to provide protection for exposures such as loss from forgery or alteration, employee dishonesty, loss of money and securities and reimbursement for claim expenses. Annual Premium: $7,577.00 — Annual $11,354 —18Mo Term to 04/01/2023 DescriptionCoverage A — Fidelity 1. Employee Theft $2,000,000 $50,000 2. ERISA Fidelity Not Covered 3. Employee Theft of Client Property Not Covered B — Forgery or Alteration $2,000,000 $50,000 C — On Premises $2,000,000 $50,000 D — In Transit $2,000,000 $50,000 E — Money Orders and Counterfeit Money $2,000,000 $50,000 F — Computer Crime 1. Computer Fraud $2,000,000 $50,000 2. Computer Program and Electronic Data Not Covered Restoration Expense G — Funds Transfer Fraud $2,000,000 $50,000 H — Personal Accounts Protection 1. Personal Accounts Forgery or Alteration Not Covered 2. _Identity Fraud Expense Reimbursement Not Covered 1 I —Claim Expense $5,000 $0 Social Engineering Fraud $100,000 $50,000 Computer Fraud —Theft of money, securities or property by computer to fraudulently transfer covered property from your premises or bank to another person or place outside of your premises Employee Theft Coverage — Covers loss of or damage to money, securities and other property caused by emolovee dishonestv Forgery or Alteration — Covers losses resulting from forgery or alteration of checks or covered instrument Inside the Premises —Theft of Money and Securities - Covers losses by theft, disappearance or destruction Inside the Premises — Robbery or Safe Burglary of Other Property — Covers the robbery of a custodian and safe burglary _ Outide the Premises — Covers losses in the care and custody of a messenger or armored car USI C. CRI-2001-0109 Crime Declarations Page CRI-3001-0109 Crime Policy Form Endorsements - ACF-7006-0511 Removal of Short -Rate Cancellation Endorsement CRI-10073-0311 Government Entity Crime Coverage Without Individual Exclusion Endorsement Employee Theft Per Loss Coverage Limit $2,000,000 Employee Theft Per Loss Coverage Retention $50,000 CRI-10083-0411 Sponsored Plan Endorsement CRI-19072-0315 Global Coverage Compliance Endorsement —Adding Financial Interest Coverage And Sanctions Condition and Amending Territory Condition Endorsements (cont'd) _ _ CRI-19085-0516 Social Engineering Fraud Insuring Agreement Endorsement CRI-19097-0517 Replace Exclusion BB. Endorsement CRI-19101-1117 Amendatory Endorsement for Certain ERISA Considerations CRI-4019-0911 Texas Changes Endorsement CRI-5044-0613 Texas Cancellation or Termination Endorsement CRI-7026-0713 Amend Cancellation As To Any Employee Endorsement CRI-7059-0109 Amend Definition of Employee Endorsement CRI-7087-0109 Amend Duties in the Event of Loss — Knowledge by Corporate Officials Endt CRI-7135-0910 Government Entity Crime — Specified Limit and Retention for Faithful Performance or Duty (Except Police Officers or Other Peace Officers) Endt Single Loss Limit $1,000,000 Single Loss Retention $50,000 CRI-7203-0109 Amend Extended Period of Discover Loss Endorsement CRI-7224-0517 Tax Liability Endorsement Forms and Conditions Settlement Basis Money — Face value Securities —Value on the day the loss was discovered ■ Property — Cost to repair or replace Discovery Period — Pays only for covered loss discovered no later than one year from the end of the policy period Records — You must keep records of all covered property to verify the amount of the loss Duties In The Event Of A Loss — Notify us as soon as possible, cooperate with investigation & settlement Excluded coverage or other coverages sought may be available: please discuss with USI Other exclusions and polity limitations may apply. Please refer to the actual policies for specific terms, conditions, limitations, exclusions and sublimits that will govern in the event of a loss. C Drones — Hull & Liability Package Insurance Company: Global Aerospace, Inc. Policy Term: 10/01/2021 to 10/01/2022 Coverage: We will pay claims, for those sums that you become legally obligated to pay as damages, for bodily injury and property damage, resulting from the ownership, maintenance or use of the aircraft. Annual Premium: $4,552.00 Limits of Liability: Coverage I Limit Liability Coverage, each occurrence Personal Injury, each occurrence/aggregate Non -Owned Aircraft Liability - UAS Fire Legal Liability, each occurrence Medical Expense Coverage, each occurrence War and TRIA Liability for Sale of Aircraft, Aircraft Parts or Services Premises Coverage Expanded Contractual Liability Aircraft Schedule: Unmanned Aircraft System I Serial Number Deductible Approved Pilots: Purpose of Use: 2018 D11 Mavic Pro 2019 Yuneec Typhoon 2016 DJI Phantom 4 2018 DJI Phantom 2 2016 DJI Inspire 1 Parrot S.A. Anafi Thermal DJI Mavic Mini 2 DJI Mavic 2 Enterprise Zoom 2019 DJI Mavic 2 Pro 5% In Motion /5% Not in Motion $1,000,000 $1,000,000 $1,000,000 $100,000 $5,000 Included Included Included Included Insured Value 08QCEBD022A5UA $400 YU18210989B12A01 $1,500 FA3WX3ALP3 $1,500 071DF2700200B9 $5,500 W13DC105040108 $3,000 P1040445AC9J003317 $1,800 3Q4CH9B0030Q1L $700 276DF9N0012R9J $2,900 163CGALROA3VAC $1,600 Any pilot as approved by the Named Insured, provided each pilot is appropriately licensed for the flight being conducted. Law Enforcement, Fire Fighting/Support, and CML Photography/Videography *Expiring premium was based on $12,200 total insured value vs. this year's total insured hull value of $18,900 Excluded coverage or other coverages sought may be available: please discuss with USI Other exclusions and policy limitations may apply. Please refer to the actual policies for specific terms, conditions, limitations, exclusions and sublimits that will govern in the event of a loss. USI