HomeMy WebLinkAboutResolution - 2018-R0355 - Pipeline Liability Insurance Coverage From Federal Insurance Company - 09/27/2018Resolution No. 2018-R0355
Item No. 6.35
September 27, 2018
RESOLUTION
BE IT RESOLVED BY HiE 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, pipeline liability insurance coverage from
Federal Insurance Company, a member of the Chubb Group, for which the premium amount shall
not exceed $5,150.00; and
THAT the City Manager may execute any routine documents and forms associated with
said insurance coverage.
Passed by the City Council on - September 27, 2018
DANIEL MOR
ATTEST:
Re eca Garza, City Secre
APPROVED AS T-O-CONTENT:
L _ /Y//
Leisa Hutcheson, Director off luman Resources
And Risk Management
APPROVED AS TO FORM:
Jef art I, Attorney
vw:ccdoes/RES.Risk Mgmt-Federal Insurance Co.
September I I, 2018
Pipeline Liability
Insurance Company: Federal Insurance Company
Policy Term: 10/1/2018 to 10/1/2019
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 $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 — Bodily Injury & Property Damage — Each Event $2,500
Schedule of Exposures
ZZ9Z TX Pipeline- Over 4 outside Diameter Each 7
97223 TX Machinery Or Equipment -installation Payroll If Any
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 —Additional Insured
torxetna a-Rm 125
;09
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
Audit Provisions
" Audit based on above exposures
Premiums are calculated based on the insurance company's rules and rates. Premiums shown as advance or deposit
premiums are subject to audit and adjustment at the close of each audit period. If the advance premium is less than
the earned premium as determined by the audit, the insured pays the difference. If the advance premium is more
than the earned premium as determined by the audit, the insurance company returns the difference to the insured.
The insured must keep records of the information needed for the audit and the premium calculations and send
copies to the insurance company when It requests them.
Key Endorsements, Limitations, Warranties and Exclusions include, but are not
limited to, the following:
Description
Employee Related Practices Exclusion
Exclusion -Asbestos
Exclusion - Enhancement, Maintenance or Prevention Expenses
Intellectual Property Laws or Rights Exclusion
Exclude Nuclear Energy
Exclude Total Pollution with A Hostile Fire Exception
Recall of Products, Work or Impaired Property
Exclude Workers' Compensation or Similar Laws
Terrorism Included
Employees as insureds
Additional Insureds - Volunteers
Additional Insured - Real Estate Managers or Lessors of Premises
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.
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