 |
 |
|
|
|
| Insurance Company Listing with Coverage Summaries | |
| MVRMA Self-insured Retention (SIR): | $1M each occurrence |
| Reinsurer: | Government Entities Mutual, Inc. (GEM) - $9M excess $1M with $8M retroceded to Munich Re America |
| A.M. Best Rating: | GEM is an Association Captive
and not currently rated Munich Re America/A+ |
|
Term: Premium: |
1/1/08 to 1/1/09 $466,052 |
Coverages
Limits of Liability
Public Entity Liability $10M each occurrence
General Liability included
Host and/or Liquor Liability included
Police Professional Liability included
Automobile Liability included
EMT and Paramedic Professional Liability
included
Fire Fighters E&O included
Ohio Stop Gap Employers Liability
included
Employment Practices Liability included/$10M Annual Aggregate per member
Public Officials Liability Including
Employee Benefits Liability
included/$10M Annual Aggregate per member
Products/Completed Operations included/$10M Annual Aggregate per member
Carrier: National Union Fire Ins. Co. of Pittsburgh, PA (AIG) A.M. Best Rating: A+ Term: 1/1/08 to 1/1/09
Coverages Limits of Liability
Deductible Employee Theft Forgery or Alteration
Inside Premises
Robbery, Safe Burglary
Computer Fraud
Outside the Premises
Money Orders/Counterfeit Currency
Funds Transfer Fraud
$1,000,000 each occurrence $1,000,000 each occurrence
$ 25,000 each occurrence
$ 25,000 each occurrence
$1,000,000 each occurrence
$ 25,000 each occurrence
$ 5,000 each occurrence
$100,000 each occurrence
$ 25,000
$25,000
$ 10,000
$ 10,000
$25,000
$ 10,000
$ 0
$25,000
Includes Treasurers or Tax collectors as employees and adds faithful performance of duty for all governmental employees
Deletes exclusion of bonded employees
Includes coverage for MVRMA staff and officers
Scheduled Position Bonds are available with limits as required by individual city ordinance, charter or other statutory requirement. For any member requiring "all employees" be bonded, the limit for coverage within the MVRMA program will be $2,500 per employee.
Combined Commercial Property/Boiler & Machinery
Program: PEPIP USA
Carriers: Lexington Insurance Company (Primary $25 million)
Excess carriers - $975 million excess $25 million
AXIS Specialty Insurance Corp
C.N.A./Continental Casualty Insurance Co.
Commonwealth Insurance Company
Essex Insurance
Global Excess – Lloyd’s of London
GMAC Re
Great American Insurance Co.
Lancashire Re
Lloyds of London
Munich Re/Great Lakes
One Beacon/Homeland Insurance Co.
Traveler’s Insurance Co.
XL America
Zurich/Steadfast Insurance
Term: 7/1/07 to 7/1/08
All Perils, Coverages and Insureds/Members combined $1,000,000,000 Per Occurrence $200,000 Deductible
| Coverages | Sublimits of Liability
|
|
|
Dedicated Flood Limit Per Occurrence & Annual |
$ 25,000,000 – Deductible $100,000 |
|
|
Flood Zone A & V – Per Occurrence & Annual Aggregate |
$ 5,000,000 – Deductible $250,000 |
|
|
Earthquake |
$ 25,000,000 - Deductible $100,000 |
|
|
Combined Business Interruption, Rental Income & Tax Interruption except $500,000 per member/$2,500,000 maximum per occurrence limit if values are not reported by a member |
$100,000,000 |
|
|
Automatic Acquisition for new locations |
$ 25,000,000 |
|
|
Unscheduled Fine Arts |
$ 2,500,000 |
|
|
Auto Physical Damage (Comprehensive & Collision) |
Stated Value |
|
|
Builders Risk |
$ 25,000,000 |
|
|
Extra Expense |
$ 50,000,000 |
|
|
Unscheduled landscaping, tees, sand traps, greens & athletic fields |
$ 1,000,000 and further subject to $25,000/25 gallon maximum per tree |
|
|
Unnamed Locations |
$ 10,000,000 |
|
|
Errors & Omissions |
$ 40,000,000 |
|
|
Monies & Securities |
$ 2,500,000 |
|
|
Accidental Contamination |
$ 250,000 per occurrence and annual aggregate per member; $500,000 maximum annual aggregate for all insureds/members |
|
|
Unscheduled tunnels, bridges, dams, catwalks (except those not for public use), roadways, highways, streets, sidewalks & culverts (excluding Earthquake Shock and excluding F.E.M.A. and/or O.E.S. declared disasters) |
$ 500,000 |
|
|
Demolition and Increased Cost of Construction due to the enforcement of building codes |
$ 25,000,000 |
|
|
Unscheduled Animals |
$ 1,000,000 not to exceed $50,000 per Animal |
|
|
Watercraft up to 27 feet |
$ 2,500,000 |
|
|
Newly acquired vehicles |
$ 10,000,000 |
|
|
Off premises services interruption, including extra expense resulting from a covered peril at non-owned/operated locations |
$ 25,000,000 |
|
|
Contingent Business Interruption, Contingent Rental Value and Contingent Extra Expense separately |
$ 2,500,000 |
|
|
Jewelry, furs, precious metals and stones separately |
$ 500,000 per occurrence/member |
|
|
Expediting Expenses |
$ 50,000,000 |
|
|
Personal Property outside of the USA |
$ 500,000 per occurrence/member |
|
|
Declaration for Sabotage & Terrorism |
$100,000,000 per member/entity per occurrence subject to $200,000,000 Annual Aggregate of Declarations 1-10, 12-13 and 17-18 combined as respects Property Damage, Business Interruption, Rental Income and Extra Expense Combined for Terrorism (Primary Layer) |
|
|
$100,000,000 Annual Aggregate per Member/Entity for Terrorism (Excess Layer) |
||
|
$200,000,000 per occurrence all members combined in Declarations 1-9, 11 and 12 for Terrorism (Excess Layer) |
||
|
$400,000,000 Annual Aggregate shared by all members/entities combined in Declarations 1-9, 11 & 12, as respects Property Damage, Business Interruption, Rental Income and Extra Expense combined for Terrorism (Excess Layer) |
Boiler & Machinery, Breakdown, Combined Property Damage and Business Interruption/Extra Expense: Limits of Liability: $100M Per Occurrence
Deductible: $5K
Carrier: Lexington Insurance Co. - 100% of $25M Primary
CNA Insurance Co. - 50% of $75M Excess of $25M
Foreign Excess Ins. Companies - 50% of $75M Excess of $25M
(For greater detail re: coverages, limits and deductibles, consult the policy)