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Home My WebLink AboutResolution - 2022-R0188 - Liability Insurance from Texas Insurance and Upland SpecialtyResolution No. 2022-RO188 Item No. 7.12 April 26, 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 to purchase for and on behalf of the City of Lubbock, excess liability insurance coverage from Texas Insurance Company and Upland Specialty Insurance Company, for which the premium amount shall not exceed $909,019.85; and THAT the City Manager may execute any routine documents and forms associated with said insurance coverage. Passed by the City Council this April 26, 2022 [e� - DANIEL M. POPE, M YOR ATTEST: Rebe ca Garza, City Secre ary APPROVED AS TO CONTENT: D. Blu Ko elich, Chief t cial Officer APPROVED AS TO FORM: f e sell, Deputy City Attorney vw/RES.Risk Mgmt-Texas Ins. Co April 7, 2022 Resolution No. 2022-RO188 Excess Liability Insurance Company: Upland Specialty Ins. Co. & Texa s I nsu ra nce Co. — Quota Share Policy Term: 04/01/2022 to 04/01/2023 Coverage: Provides additional liability limits that are in excess of the limits provided on specified underlying liability policies. Annual Premium: $909,019.85 Estimated Limit Per Occurrence General Aggregate Self -Insured Retention $7,000,000 $14,000,000 Your coverage follows the policies listed below unless otherwise noted Schedule of Underlying Coverage: Public Entity Retained Limits Polley Insurance Excess Retained Carrier: Berkley -Gemini Insurance Company Limit Policy Term: 04/01/2022 - 04/01/2023 Controlling: Yes Coverage A: General Liability Each Occurrence $3,000,000 Annual Aggregate $6,000,000 Coverage B: Automobile Liability Each Accident $3,000,000 Annual Aggregate Not Applicable Coverage C: Public Officials, Employment Practices and Employee Benefit Liability Each Claim $3,000,000 Annual Aggregate $6,000,000 Claims Made Retro Date: 911fi/99-Public Officials, Employment Practices and Employee Benefit Liability Limited Sexual Abuse Liability (Claims Made)-Retro Date 411122 Each Act $2,000,000 Aggregate $2,000,000 (included in Coverage C Aggregate above) Pesticide or Herbicide Pollutant Liability Each Occurrence $3,000,000 Aggregate $3,000,000 Dam, Reservoir, Levee Coverage Each Occurrence $3,000,000 Aggregate $3,000,000 (included In Coverage A Aggregate above Retained Limit Applicable separately for Coverages A, B & C per Schedule of Underlying Insurance: $500,000 Each Occurrence, Accident or Claims Made Upland Specialty Insurance Company Forms & Endorsements: Form Number Form/Endorsement Title UE 00 03 04 21 Schedule of Forms and Endorsements UE 00 04 04 21 Schedule of Underlying Insurance UE 00 05 04 21 Commercial Excess Liability Coverage Form LIC TRIA2 02 21 Policyholder Disclosure Notice Of Terrorism Insurance Coverage (2) t1C SLTX 02 21 Taxes Surplus Lines Notice UE 00 06 04 21 Exclusion - Cyber UE 00 09 04 21 Exclusion - Access or Disclosure of Confidential or Personal Information and Data Related Liability UE 0015 04 21 Quota Share Endorsement CX 2130 01 15 Cap On Losses From Certified Acts Of Terrorism (if accepted) UE 00 1104 21 Exclusion - Communicable Disease UC 00 06 02 21 Claims Reporting Procedures CX 2133 01 15 Exclusion Of Certified Ads Of Terrorism (if rejected) CX 2136 01 15 Exclusion Of Punitive Damages Related To A Certified Act Of Terrorism (If accepted) CX 27 00 12 21 Underlying Claims Made Coverage (retro date 411/22) UC 00 04 02 21 OFAC UC 00 02 02 21 Service of Suit UC 00 07 02 21 Signature Page Texas Insurance CompanyForms & Endorsements: FORMS AND ENDORSEMENTS ATTACHING TO THE POLICY ASC 00 02 09 20 Service of Suit ASC 00 03 09 20 Privacy Statement ASC 00 04 09 20 Claims Reporting Procedures APX 11 01 05 21 Commercial Excess Liability Declarations APX 12 01 09 21 Commercial Excess Liability Coverage Form APX 13 0109 21 Schedule of Forms and Endorsements APX 13 08 05 21 Economic or Trade Sanctions Condition(OFAC) APX 13 09 05 21 Quota Share and Severab ility Endorsement APX 15 05 05 21 Organic Pathogen Exclusion APX 15 06 05 21 Cyber Liability Exclusion APX 15 14 05 21 Certified Acts of Terrorism and Other Acts of Terrorism Exclusion (if rejected) APX 15 27 05 21 Dam Failure Exclusion -to be amended as applicable only to John T. Montford Dam only ASX 13 01 12 20 Disclosure Pursuant to Terrorism Risk Insurance Act APX 13 11 12 21 Schedule of Underlying Insurance Manuscript -Earlier Notice of Cancellation (90 days) 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 exclusionsthat will govern in the event of a loss.