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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