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Home My WebLink AboutResolution - 2022-R0150 - Inland Marine, Pipeline Liability, Crime, and Drones Hull Liability InsuranceResolution No. 2022-RO150 Item No. 7.8 March 22, 2022 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 purchase for and on behalf of the City of Lubbock, inland marine insurance coverage fro Travelers Lloyd's Insurance Company, for which the premium amount shall not exce( $18,990.72; pipeline liability insurance coverage from Federal Insurance Company, for which tl premium amount shall not exceed $6,180.00; crime insurance coverage from Travelers Casual & Surety Company of America, for which the premium amount shall not exceed $8,174.88; at drones hull and liability coverage from Global Aerospace, Inc., for which the premium shall n exceed $5,007.00; and THAT the City Manager may execute any routine documents and forms associated said insurance coverage. Passed by the City Council on March 22, 2022 DANIEL M. PO , MAYOR ATTEST: OAO�� _X71 Rebe ca Garza, City Secr ary APPROVED AS TO CONTENT: D. ftru Kostelich, Chief Financial Officer APPROVED AS TO FORM: f H sell, Deputy City Attorney vw:ccdocs/RES.Risk Mgmt-Travelers Lloyds Ins. March 14, 2022 Resolution No. 2022-RO150 Inland Marine Insurance Company: Travelers Lloyds Insurance Company Policy Term: 10/01/2022 to 10/01/2023 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: $18,990.00 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.Unscheduled equip from Tarpley Media Systems. Total Limit Of Insurance For All Scheduled And Unscheduled Transmitting Or Receiving Equipment: $ 715,423 Mobile Or Portable Transmitting Or Receiving Equipment Covered Property consists of the following when indicated by an 'X' 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 SilentNings Museum and Buddy HollyCenter.Unscheduled 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% x❑l to Coinsurance Applies REPORTS AND PREMIUM: Minimum Earned Premium: $ NoNa Non -Reporting or Reporting applies as indicated by an 'X' below. ® Non- Reporting: $ 7,655 Premium ❑ Reporting: See Communications Reporting Endorsement (use COVERAGE AND LIMITS OF INSURANCE Limit 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. USI Terrorism Risk Insurance Act Disclosure The federal Terrorism Risk Insurance Act of 2002 as amended ("TRIA") establishes a program under which the Federal Government may partially reimburse "insured Losses" (as defined in TRIA) caused by "Acts Of Terrorism" (as defined In TRIA). "Act Of Terrorism" Is defined In Section 102(1) of TRIA to mean any act that is certified by the Secretary of the Treasury — In consultation with the Secretary of Homeland Security and the Attorney General of the United States — to be an act of terrorism, to be a violent act or an act that Is dangerous to human life, property, or Infrastructure; to have resulted in damage within the United States, or outside the United States in the case of certain air carriers or vessels or the premises of a United States Mlsslon, and to have been committed by an individual or Individuals as part of an effort to coerce the civilian population of the United States or to Influence the policy or affect the conduct of the United States Government by coercion. The Federal Govemmenrs share of compensation for such Insured Losses is established by TRIA and Is a percentage of the amount of such Insured Losses In excess of each Insurer's "Insurer Deductible" (as defined in TRIA), subject to the "Program Trigger" (as defined In TRIA). Through 2020, that percentage Is established by TRIA as follows., 850% with respect to such Insured Losses occurring in calendar year 2015. 840% with respect to such Insured Losses occurring in calendar year 2016. 03% with respect to such Insured Losses occurring in calendar year 2017. 820% with respect to such Insured Losses occurring In calendar year 2018. 01% with respect to such Insured Losses occurring In calendar year 2019. 80% with respect to such Insured Losses occurring In calendar year 2020. In no event, however, will the Federal Government be required to pay any portion of the amount of such Insured Losses occurring In a calendar year that in the aggregate exceeds $100 billion, nor will any Insurer be required to pay any portion of such amount provided that such Insurer has met its Insurer Deductible. Therefore, If such Insured Losses occurring in a calendar year exceed $100 billion In the aggregate, the amount of any payments by the Federal Government and any coverage provided by this policy for losses caused by Acts Of Terrorism may be reduced. For each coverage provided by this policy that applies to such Insured Losses, the charge for such Insured Losses is Included In the premium for such coverage and is listed below. Such charges do not Include any charge for the portion of such Insured Losses covered by the Federal Government under TRIA. Coverage Included Charge For Insured Losses Commercial Inland Marine 1%of the Commercial Inland Marine Coverage premium. �USII Pipeline liability Insurance Company: Federal Insurance Company Policy Term: 04/01/2022 to 04/01/2023 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: $6,180.00 Each Occurrence $1,000,000 General Aggregate $2,000,000 Products and Completed Operations Aggregate $1,000,000 Personal and Advertising Injury $1,000,000 Damage to Rented Premises (Each Occurrence) $1,000,000 Medical Expense $10,000 Deductible $2,500 Schedule of Exposures 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 USI 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 Description - - - - - - - - -- - - - --. -. . .. _ i 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. USI Crime Insurance Company: Travelers Casualty & Surety Co. of Amer Policy Term: 04/01/2022 to 04/01/2023 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: $8,174.00 — Annual 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. Computer Program and Electronic Data $2,000,000 Not Covered $50,000 Restoration Expense $2,000,000 $50,000 G — Funds Transfer Fraud H — Personal Accounts Protection 1. Personal Accounts Forgery or Alteration Not Covered 2. Identity Fraud Expense Reimbursement Not Covered 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 employee dishonesty 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 Policy Forms 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 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. USl Drones — Hull & liability Package Insurance Company: Global Aerospace, Inc. Policy Term: 04/01/2022 to 04/01/2023 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: $5,007.20 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 $1,000,000 $1,000,000 $1,000,000 $100,000 $5,000 Included Included Included Included Aircraft Schedule: Unmanned Aircraft System I Serial Number I Insured Value Deductible Approved Pilots: Purpose of Use: 2018 DJI 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 08QCEBDO22A5UA $400 YU18210989612A01 $1,500 FA3WX3ALP3 $1,500 07JDF270020OB9 $5,500 W13DC105040108 $3,000 P1040445AC9J003317 $1,800 3Q4CH9B0030Q1L $700 276DF9NO012R9J $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. r USI