HomeMy WebLinkAboutResolution - 2013-R0287 - Purchase Airport And Non-Owned Aircraft Liability Insurance - Ace American - 09/10/2013Resolution No. 2013—RO287
September 10, 2013
Item No. 5.20
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 $26,978.00; 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, 2013
GLE C. MiMRTSON, MAYOR
ATTEST:
Re ecca Garza, City Secretak��
APPROVED AS TO CONTENT:
c
Leisa Hutcheson, Director of Human Resources
and Risk Management
APPROVED AS TO FORM:
Chad Weaver, Assistant City Attorney
RES.Risk Mgmt-Ace Property & Casualty Ins
August 26, 2013
Resolution No. 2013—RO287
Wells Fargo Insurance Services
Airport owners & operators Liability
Insurance Carrier: ACE American Insurance Company
Carrier Rating: A+ XV as of June 14, 2013 per A.M. Best
Policy Term: 10/01/2013 to 10/01/2014
Coverage: Your legal liability to members of the public for claims arising
from your premises, operations, products, or completed operations
Admitted/ Non- Admitted
admitted:
Policy Form: ®Occurrence ❑Claims Made
Limits of Liability: $
50,000,00o
General Aggregate Limit (other than prod/comp operations)
$
50,000,000
Products/Completed Operations Aggregate Limit
$
50,000,000
Personal & Advertising Injury Limit
$
50,000,00o
Each Occurrence Limit
$
250,00o
Damage to Premises Rented To You (any one premises)
$
10,00o
Medical Payments Any One Person
$
50,000,00o
Hangarkeepers not "in flight" — Any One Occurrence
$
50,000,00o
Hangarkeepers not "in flight" — Any One Aircraft
$
50,000,00o
Non -Owned Aircraft Liability
$
Included
Terrorism
$
o
Deductible
Exclusions
War, Hi jacking, Noise, Pollution and other perils exclusion clause
Subject to
go Days notice of cancellation, non -renewal or reduction in coverage by insurer, but
10 Days notice for non-payment of premium
This Coverage Summary neither amends nor alters the insurance contract Specific questi-ms nn all policy terms and conditions should be referred to your Wells Fargo Insurance
representative, and the policy itself should be reviewed.
Please refer to the policy contract for specific terms, conditions, limitations, and exclusions
Proposal date: 7/11/2013 Prepared for City of Lubbock cio Risk Management Dept.
Confidential. ,z 2013 Wells Fargo Insurance Services USA, Inc. All Rights Reserved. PAGE 18
Wells Fargo Insurance Services
ADDITIONAL COVERAGES
Non -Owned Aircraft (under 40 feet)
Employees as Insured
Automatic Coverage for Newly Acquired Organizations
(12o Days)
Incidental Medical Malpractice
Limited World Wide Coverage
Host Liquor Liability
Operating Agents/Carried Interest/Non-Operating
Worldng Interest
Terrorism Provision
Limitation to Designated Premises or Project
Designated Organization
Power -Tex Pipeline — Additional Insured
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
This Coverage Summary neither amends nor alters the insurance contract. Specific questions on all policy terms and conditions should be referred to your Wells Fargo Insurance
representative, and the policy itself should be reviewed.
Please refer to the policy contract for specific terms, conditions, limitations, and exclusions
Proposal date: 7/1112013 Prepared for City of Lubbock c/o Risk Management Dept.
Confidential. ;c 2013 Wells Fargo Insurance Services USA, Inc. All Rights Reserved. PAGE 20