HomeMy WebLinkAboutResolution - 2012-R0339 - Purchase Crime Insurance Coverage-Travelers Casualty & Surety Company Of America - 09/13/2012Resolution No.2012—Ro333
September 13, 2012
Item No. 5.17.B.
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, crime insurance coverage from
Travelers Casualty & Surety Company of America, for which the premium amount shall
not exceed $6,800.00 or the amount adjusted due to changes in the premiums required as
a result of the annual audit; and
THAT the City Manager may execute any routine documents and forms
associated with said insurance coverage.
Passed by the City Council this
ATTEST:
RehAcca Garza, City Secretary
APPROVED AS TO CONTENT:
September 13, 2012
Quincy Whit sistant City Manager
APPROVED AS TO FORM:
Chad Weaver, Assistant City Attorney
RES.Risk Mgmt-Travelers Casualty & Surety
August 21, 2012
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Resolution No. 2012-RO3134
Wells Fargo Insurance Senices
INSURANCE AGENCY
CRIME
Insurance Company Travelers Casualty & Surety Company of America
A+ XV - Admitted
Effective Date: 10-01-12 to 10-01-13
COVERAGE
Limits of Insurance:
$ 2,000,000
Employee Theft
$ 2,000,000
Forgery or Alteration
$ 2,000,000
On Premises
$ 2,000,000
In Transit
$ 2,000,000
Money Orders & Counterfeit Money
$ 2,000,000
Computer Fraud
$ 2,000,000
Funs Transfer Fraud
$ 1,000,000
Faithful Performance or Duty
$ 50,000 Deductible
$ 5,000 Claim Expense
CONDITIONS
• Discovery Form
■ Computer Program & EIectronic Data Restoration Expense - Not Covered
■ ERISA Fidelity - Not Covered
■ Employee Theft of Client Property - Not Covered
■ Worldwide Coverage
■ No Policy Aggregate
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