HomeMy WebLinkAboutResolution - 2021-R0335 - Airport & non-owned Aircraft Liability Insurance - Ace Property & Casualty 9.14.21No. 2021-R0335
tem No. 7.16
;eptember 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, airport and non -owned aircraft
liability insurance coverage from Ace Property and Casualty Insurance Company, for a
premium amount not to exceed $30,810.00; and
THAT the City Manager may execute any routine documents and forms associated
with said insurance coverage.
Passed by the City Council this
ATTEST:
QA4'e-'LW' PC
Reb cca Garza, City Sec etar
APPROVED AS TO CONTENT:
D. u KoAtelich, Chief Financial Officer
APPROVED AS TO FORM:
J f el , Deputy City Attorney
RES.Risk Mgmt-Ace Property & Casualty Ins
September 1, 2021
September 14, 2021
b"..'
DANIEL M. POPE, MAYOR
Resolution No. 2021-R0335
Airport Owners Liability
Insurance Company: ACE Property & Casualty Insurance Co
Policy Term: 10/01/2021 to 10/01/2022
Coverage: Your legal liability to members of the public for claims arising from
your airport ownership or operation
Annual Premium: $30,810.00
Airport Owners and Operators General Liability
Airport Location: LBB - Lubbock Preston Smith International Airport
Limits of Liability: $50,000,000
Bodily Injury & Property Damage Liability Combined Single Limit
$50,000,000
Products -Completed Operations Aggregate
$50,000,000
Personal Injury and Advertising Injury Aggregate
$50,000,000
Incidental Malpractice Aggregate
$50,000,000
Extended Coverage - War, Hi -jacking & Other Perils Aggregate
$500,000
Fire Damage Limit, Any One Fire
$10,000
Medical Expense Limit, Any One Person
$50,000,000
Hangarkeepers Limit, Any One Occurrence
$50,000,000
Hangarkeepers Limit, Any One Aircraft
$50,000,000
Non -Owned Aircraft Liability Limit, Any One Occurrence
$50,000,000
Excess Automobile Liability, Any One Occurrence
$50,000,000
Excess Employers Liability, Any One Occurrence
$1,000,000
Employee Benefits Liability Aggregate
$1,000,000
Cargo Legal Liability
Deductibles: NIL
Added Provisions: Airport Expansion Endorsement, which includes:
✓ Broad form Insured
✓ Knowledge of Occurrence
✓ On - Airport Premises Auto Coverage
✓ Mobile Equipment
✓ Control Tower - Contingent
✓ Baggage Liability
✓ Damage to Autos
✓ Static Display of Aircraft
✓ Co -Employees (Deletion of Fellow Employee Coverage)
National Incident Management System - $50,000,000 per occurrence subject to
sub -limits:
$50,000,000 Products -Completed Operations Aggregate
$50,000,000 Personal and Advertising Injury Aggregate
$50,000,000 Malpractice Aggregate
$50,000 Fire Damage Limit, any one fire
$10,000 Medical Expense Limit, any one person
Excludes Hangarkeeper's Liability and Non -Owned Liability
USI
Also Included: ✓
Extended Coverage - War, Hi -Jacking and Other Perils
✓
Amendment to Include Coverage for Certified Acts of Terrorism
✓
Catastrophe Management Coverage
✓
Worldwide Territory
✓
Mutual Aid Agreement
✓
Immunity Waiver
✓
Volunteers Endorsement
✓
Amendment of Noise and Pollution and Other Perils Exclusion
✓
Land Acquisition Endorsement
✓
Date Recognition Limited Coverage
✓
Infringement of Copyright, Patent, Trademark or Trade Secret
✓
Amendment to Supplementary Payments (Court Cost) Endorsement
✓
120 days notice of cancellation / 10 days for non-payment
✓
Exclusion - Access or Disclosure of Confidential or Personal Information
Premium Overview
Description 2020 Expiring 2021 Renewal
Premium Premium
Airport owner & operator's liability:
Liability limit @ $50,000,000 $25,475 $27,386
War Coverage $637 $685
Terrorism (TRIA) Coverage $2,548 $2,739
Total Annual Premium: $28,660 $30,810
Alternate Option: Extending policy period to a term of 10/01/2021 to 04/01/2023, total annual
premium including War and TRIA would come to $46,185
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