HomeMy WebLinkAboutResolution - 2020-R0291 - Airport Liability InsuranceResolution No. 2020-RO291
Item No. 7.9
September 8, 2020
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 Property and Casualty Insurance Company, for a
premium amount not to exceed $28,660.00; and
THAT the City Manager may execute any routine documents and forms associated
with said insurance coverage.
Passed by the City Council this September 8, 2020
DANIEL M. POPE, MAYOR
A'fT S 1:
Reb ca Garza, City Sec etary
APPROVED AS TO CONTENT:
D. Blu Kogfelich, Chief Financial Officer
APPROVED AS TO FORM:
rtsell, Deputy City Attorney
RES.Risk Mgmt-Ace Property & Casualty Ins
August 25, 2020
Airport Owners Liability
Insurance
Ace Property and Casualty Insurance Co
Company:
Policy Term:
10/01/2020 to 10/01/2021
Coverage:
Your legal liability to members of the public for claims arising from your
airport ownership or operation
Annual Premium:
$28,660.00
Airport Location:
LBB - Lubbock Preston Smith International Airport
Limits of Liability:
$50,000,000 Bodily Injury & Property Damage Liability Combined Single Limit
$50,000,000 Products -Completed Operations Aggregate
$50,000,000 Personal Injury and Advertising Injury Aggregate
$50,000,000 Incidental Malpractice Aggregate
$50,000,000 Extended Coverage - War, Hi -jacking & Other Perils Aggregate
$500,000 Fire Damage Limit, Any One Fire
$10,000 Medical Expense Limit, Any One Person
$50,000,000 Hangarkeepers Limit, Any One Occurrence
$50,000,000 Hangarkeepers Limit, Any One Aircraft
$50,000,000 Non -Owned Aircraft Liability Limit, Any One Occurrence
$50,000,000 Excess Automobile Liability, Any One Occurrence
$50,000,000 Excess Employers Liability, Any One Occurrence
$1,000,000 Employee Benefits Liability Aggregate
$1,000,000 Cargo Legal Liability
Deductibles:
NIL
Added Provisions:
Airport Expansion Endorsement, which includes:
✓ Broad form Insured
✓ Knowledge of Occurrence
✓ On - Airport Premises Auto Coverage
✓ Mobile Equipment
✓ Control Tower - Contingent
✓ Baggage Liability
✓ Damage to Autos
✓ Static Display of Aircraft
✓ Co -Employees (Deletion of Fellow Employee Coverage)
A
National Incident Management System - $50,000,000 per occurrence subject to sub -limits:
$50,000,000 Products -Completed Operations Aggregate
$50,000,000 Personal and Advertising Injury Aggregate
$50,000,000 Malpractice Aggregate
$50,000 Fire Damage Limit, any one fire
$10,000 Medical Expense Limit, any one person
Excludes Hangarkeeper's Liability and Non -Owned Liability
Also Included: ✓
Extended Coverage - War, Hi -Jacking and Other Perils
✓
Amendment to Include Coverage for Certified Acts of Terrorism
✓
Catastrophe Management Coverage
✓
Worldwide Territory
✓
Mutual Aid Agreement
✓
Immunity Waiver
✓
Volunteers Endorsement
✓
Amendment of Noise and Pollution and Other Perils Exclusion
✓
Land Acquisition Endorsement
✓
Date Recognition Limited Coverage
✓
Infringement of Copyright, Patent, Trademark or Trade Secret
✓
Amendment to Supplementary Payments (Court Cost) Endorsement
✓
120 days notice of cancellation / 10 days for non-payment
Excluded coverage or other coverages sought may be available: please discuss with USI
Other exclusions and policy limitations may apply. Please refer to the actual policies for specific terms,
conditions, limitations, exclusions and sublimits that will govern in the event of a loss.
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