HomeMy WebLinkAboutResolution - 2014-R0297 - Purchase - Airport And Non-Owned Aircraft Liability Insurance - Ace American - 09/04/2014Resolution No. 2014-RO297
September 4, 2014
Item No. 2.10
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 $27,788.00; and
THAT the City Manager may execute any routine documents and forms
associated with said insurance coverage.
Passed by the City Council this September 4, 2014 W
GLE . ROBERTSON, MAYOR
ATTEST:
Rebe ca Garza, City Secrett--)
APPROVED AS TO CONTENT:
Leisa iutcheson, Director of Human Resources
and Risk Management
APPROVED AS TO FORM:
Jeff--Krtsdil, Assistant City Attorney
RES.Risk Mgmt-Ace Property & Casualty Ins
August 27, 2014
Airport Owners & Operators Liability
Named insured:
City of Lubbock
Insurance carrier:
ACE American Insurance Company - Admitted
A.M. Best rating: A+ XV as of 2014
Policy number:
TBD
Policy term:
October 1, 20140 October 1, 2015
Premium:
$27,788 (includes Terrorism and War)
Coverage:
Your legal liability to members of the public for claims arising from your
premises, operations, products, or completed operations
Policy Form:
Occurrence
Limits:
$ 50,000,000 General Aggregate Limit
$ 50,000,000 Products/Completed Operations Aggregate Limit
$ 50,000,000 Personal & Advertising Injury Limit
$ 50,000,000 Each Occurrence Limit
$ 250,000 Damage to Premises Rented to You (any one premise)
$ 1o,000 Medical Payments - any one person
$ 50,000,000 Hangarkeepers not "in flight" - any one occurrence
$ 50,000,000 Hangarkeepers not "in flight" - any one aircraft
$ 50,000,000 Non -Owned Aircraft Liability
Included Terrorism
Deductible:
Conditions:
63
NIL
The Airport Owners and Operators General Liability Policy contains. inter alia, the
following exclusion clauses:
Hi -Jacking and Other Perils Exclusion Clause
Noise, Pollution and Other Perils Exclusion Clause
The policy is also subject to the following:
go 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.
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: 8/26/2014 Prepared for City of Lubbock
Confidential.c_ 2014 Wells Fargo Insurance Services USA, Inc. All Rights Reserved.
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