Insurance Company Listing with Coverage Summaries

 

Casualty Program   Crime Insurance
  Combined Commercial Property/Boiler & Machinery  

 

Casualty Program

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

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Crime Insurance

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.

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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)

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