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HomeMy WebLinkAboutResolution - 2015-R0285 - Direct To Purchase - Airport And Non-Owned Aircraft Liability Insurance - 09/10/2015Resolution No. 2015-RO285 Item No. 6.9 September 10, 2015 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 American Insurance Company, for a premium amount not to exceed $28,790.00; and THAT the City Manager may execute any routine documents and forms associated with said insurance coverage. Passed by the City Council this September 10, 2015 GLEN C. Rd5KRTSON, MAYOR ATTEST: Rebec a Garza, City Secretary v .. Leisa Hutcheson, Director of Human Resources and Risk Management APPROVED AS TO FORM: 1 �� J el , Chief Litigation Attorney RES.Risk Mgmt-Ace Property & Casualty Ins August 25, 2015 Resolution No. 2015-RO285 Airport Owners & Operators Liability Named insured: City of Lubbock Insurance carrier: ACE Property and Casualty Insurance Company — Admitted Malpractice Annual Aggregate Limit ............................................. A.M. Best rating: A++, XV as of 2015 Policy number: TBD Policy term: October 1, 2015 to October 1, 2o16 Premium: $ 28, 790.00 (Includes $ ,zoo Terrorism and War) Coverage: Your legal liability, to which this coverage applies, arising out of your Airport operations at LBB, TX — Lubbock Preston Smith International Airport, Lubbock, TX. SUM S50,000,000 each occurrewefoffease in respect of Bodily Injury. Personal and Advertising Injury and t URI:D: Property Damage combined. subject to the following limitations: Products -Completed Operations Annual Aggregate Limit ............................ 850.000.000 Personal Injury and Advertising Injury Annual Aggregate limit ........................ S50.000.000 Malpractice Annual Aggregate Limit ............................................. S50.000,000 Extended Coverage - War. Hi jacking and Other Perils Annul Aggregate Limit......... $50.000,000 Fire Damage Limit Any One Fire ................................................ 5250.000 Medical Expense Limit Any One Person .......... . .. . — .. — ............ _ _ ...... 510,000 Hamgarkeepers not "in flight' Limit Any One occurrence ............................. S50,oW000 Hangarkeepers not "in flight" Limit Any One Aircraft ................... . ........... $50.000,000 Non -Owned Aircraft Liability............................ ................... .... $50,000.000 DEDUC 1D s Nil each occurrence or offense, but not to exceed Nil annual aggregate. COSDmovs: The Airport Owners and Operators General Liability Policy contains, inter ilia, the following exclusion clauses: Rrar, Hi -Jacking and Other Perils Exclusion Clause Noise, Pollution and Other Perils Exclusion Clause The policy is also subject to the following: 90 days notice of cancellation, non -renewal or reduction in coverage by Insurer, but 10 days notice for non-payment of premium_ This provision does not override the Automatic Termination review or cancellation provisions of endorsements AAP 203 or AAP 237. The policy may be cancelled or nomrenew•ed subject to the terms of the following endorsement AAP TX (11/99) Texas Changes - Cancellation and Nomennval This proposal Is merely a descriptive summary of coverage provided by the insurance companies being proposed and should be used for reference purposes only. This Is a quotation of coverage only. It is not a binder. This proposal does not amend or alter the insurance contract. Please refer to the policy contract for specific terms, conditions, limitations, and exclusions. Proposal date: 8/25/2015 Prepared for City of Lubbock Confidential. C 2015 Wells Fargo Insurance Services USA, Inc. All Rights Reserved. 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