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| Insurance Company Listing with Coverage Summaries | |
| MVRMA Self-insured Retention (SIR): | $500K each occurrence |
| Reinsurer: | Government Entities
Mutual, Inc. (GEM) - $1.5M excess $500K General Reinsurance Corporation - $8M excess $2M |
| A.M. Best Rating: | GEM is an Association Captive
and not currently rated Gen Re: A++ (Superior) |
| Term: | 1/1/10 to 1/1/11 |
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 (Excellent) Term: 1/1/10 to 1/1/11
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
3rd Party Credit, Debit or Charge Card
$1,000,000 each occ. $1,000,000 each occ.
$ 100,000 each occ.
$ 100,000 each occ.
$1,000,000 each occ.
$ 100,000 each occ.
$ 5,000 each occ.
$1,000,000 each occ.
$1,000,000 each occ.
$ 25,000
$25,000
$ 10,000
$ 10,000
$25,000
$ 10,000
$ 0
$25,000
$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.
Public Entity Property Insurance Program (PEPIP) - Property Coverage Summary
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NAMED INSURED: |
Miami Valley Risk Management Association (MVRMA) |
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DECLARATION: |
1-Cities 1 |
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POLICY PERIOD: |
July 1, 2009 to July 1, 2010 |
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COMPANIES: |
(See policy for complete list of companies) |
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TOTAL INSURED VALUES: |
$ 924,995,238 as of June 29, 2009 |
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COVERAGES & LIMITS: |
$ 1,000,000,000 Per Occurrence: All Perils, Coverages (subject to policy exclusions) and Insureds/Members combined, subject to the following per occurrence and/or aggregate sub-limits as noted. |
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$ 25,000,000 Flood Limit - Per Occurrence & Annual Aggregate |
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$ 5,000,000 Per occurrence and in the annual aggregate for all locations in Flood Zone A, V and all other 100 year floodplains. |
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$ 25,000,000 Earthquake Shock - Per Occurrence & Annual Aggregate |
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$ 100,000,000 Combined Business Interruption, Rental Income and Tax Interruption and Tuition Income (and related fees) except $500,000 per Member/Entity subject to maximum of $2,500,000 Per Occurrence limit if specific values for such coverage have not been reported as part of the Member(s)/Entity(ies) schedule of values held on file with Alliant Insurance Services, Inc. Coverage for power generating plants is excluded, unless otherwise specified.are not reported by member. BI Coverage for Power Generating Plants is excluded unless otherwise specified. |
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$ 50,000,000 Extra Expense |
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$ 25,000,000 Miscellaneous Unnamed Locations for existing Members. If Flood coverage is purchased for all scheduled locations, this extension will extend to include Flood coverage for any location not situated in Flood Zones A or V. |
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120 Days Extended Period of Indemnity |
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See Policy Provisions $25,000,000 Automatic Acquisition up to $100,000,000 for 90 days excluding licensed vehicles for which a sublimit of $10,000,000 applies per policy Automatic Acquisition Clause. If Flood coverage is purchased for all scheduled locations, this extension will extend to include Flood coverage for any location not situated in Flood Zones A or V. |
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$ 1,000,000 Unscheduled Landscaping, tees, sand traps, greens and athletic fields and further subject to $25,000 / 25 gallon maximum per item |
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$ 5,000,000 Scheduled Landscaping, tees, sand traps, greens and athletic fields and further subject to $25,000 / 25 gallon maximum per item. |
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$ 50,000,000 Errors & Omissions |
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$ 25,000,000 Course of Construction and Additions (including new) for projects with completed values not exceeding the sublimit shown. |
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$ 2,500,000 Money & Securities for named perils only |
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$ 2,500,000 Unscheduled Fine Arts |
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$ 250,000 Accidental Contamination per occurrence and annual aggregate per member with $500,000 annual aggregate for all insureds / members |
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$ 500,000 Unscheduled Tunnels, Bridges, Dams, Catwalks (except those not for public use), Roadways, Highways, Streets, Sidewalks, Culverts, Street Lights and Traffic Signals unless a specific value has been declared (excluding coverage for the peril of Earthquake Shock, and excluding Federal Emergency Management Agency (FEMA) and/or Office of Emergency Services (OES) declared disasters) |
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$ 25,000,000 Increased Cost of Construction due to the enforcement of building codes/ ordinance or law (includes All Risk and Boiler & Machinery) |
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$ 25,000,000 Transit |
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$ 2,500,000 Unscheduled Animals; not to exceed $50,000 per Animal, per Occurrence |
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$ 2,500,000 Unscheduled Watercraft up to 27 feet |
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Included Per Occurrence for Vehicle Physical Damage Limit |
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$ 5,000,000 Per Occurrence and Annual Aggregate for Earthquake shock on Licensed Vehicles, Unlicensed Vehicles, Contractor's Equipment and Fine Arts for all insured/members in this declaration combined that do not purchase Earthquake coverage |
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$ 5,000,000 Per Occurrence and annual Aggregate for Flood on Licensed Vehicles, Unlicensed Vehicles, Contractor's Equipment and Fine Arts for all insured/members in this declaration combined that do not purchase Flood coverage |
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$ 25,000,000 Off Premises Services Interruption including Extra Expense resulting from a covered peril at non-owned/operated locations |
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$ 2,500,000 Contingent Business Interruption, Contingent Rental Values, and Contingent Extra Expense separately |
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$ 500,000 Jewelry, Furs, Precious Metals and Precious Stones Separately |
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$ 1,000,000 Claims Preparation Expenses |
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$ 50,000,000 Expediting Expenses |
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$ 1,000,000 Personal Property Outside of the USA |
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$ 100,000,000 per member/entity per occurrence subject to $200,000,000 Annual Aggregate of Declarations 1-10, 12, 13, 17, 18, 19, 20 and 24 combined as respects Property Damage, Business Interruption, Rental Income and Extra Expense Combined for Terrorism (Primary Layer) |
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$ 150,000,000 Per Member/Entity for Terrorism (Excess Layer) |
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$ 300,000,000 Per Occurrence, All Members combined in Declarations 1-9, 11, 12, 19, 20 and 24 for Terrorism (Excess Layer) |
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$ 550,000,000 Annual Aggregate shared by all Members/Entities combined in Declarations 1-9, 11, 12, 19, 20 and 24 as respects Property Damage, Business Interruption, Rental Income and Extra Expense combined for Terrorism (Excess Layer) for Terrorism (Excess Layer) |
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Not Covered Per Occurrence Per Declaration Upgrade to Green Coverage |
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VALUATION: |
· As Per the Statement on File with Alliant Insurance · Actual Loss Sustained for Time Element Coverages · Vehicles & Contractor’s Equipment / either Replacement Cost or Actual Cash Value as declared by each member. If not declared, valuation will default to actual cash value |
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EXCLUSIONS (Including but not limited to): |
· Seepage & Contamination · Cost of Clean-up for Pollution · Mold |
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ALL RISK BASIC DEDUCTIBLE: |
$ 250,000 Per Occurrence |
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DEDUCTIBLES FOR SPECIFIC PERILS AND COVERAGES: |
$ 250,000 Per Occurrence for Flood Zones A & V |
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$ 100,000 All Flood Zones Per Occurrence excluding Flood Zones A & V |
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Not Applicable Tier 1 Wind and Tier 2 Wind
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$ 100,000 Earthquake Shock: If the stated deductible is a flat dollar amount, the deductible will apply on a Per Occurrence basis. |
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$ 1,000 Per Occurrence for Specially Trained Animals |
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$ 500,000 Per Occurrence for Unscheduled Tunnels, Bridges, Dams, Catwalks (except those not for public use), Roadways, Highways, Streets, Sidewalks, Culverts, Street Lights and Traffic Signals unless a specific value has been declared (excluding coverage for the peril of Earthquake Shock, and excluding Federal Emergency Management Agency (FEMA) and/or Office of Emergency Services (OES) declared disasters) |
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$ 10,000 Minimum subject to $100,000 Maximum per Vehicle or Item for Licensed Vehicles, Unlicensed Vehicles and Contractors Equipment Per Occurrence and Annual aggregate and shared by all members of this Declaration for the peril of Earthquake for members who do not purchase dedicated Earthquake limits |
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$ 50,000 Per Occurrence and Annual Aggregate and shared by all member of this Declaration for fine Arts for the peril of Earthquake for members who do not purchase dedicated Earthquake limits |
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$ 10,000 Minimum subject to $100,000 Maximum per Vehicle or Item for Licensed Vehicles, Unlicensed Vehicles and Contractors Equipment Per Occurrence and Annual aggregate and shared by all members of this Declaration for the peril of Flood for members who do not purchase dedicated Flood limits |
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$ 50,000 Per Occurrence and Annual Aggregate and shared by all members of this Declaration for Fine Arts for the peril of Flood for members who do not purchase dedicated Flood limits |
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24 Hour Waiting Period for Service Interruption for All Perils and Coverages |
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2.5% of annual Tax Value per Location for Tax Interruption |
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AGREED Vehicle Valuation Basis |
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$ 250,000 Per Occurrence for Contractor's Equipment |
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$ 250,000 Per Occurrence for Primary Terrorism |
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$ 500,000 Per Occurrence for Excess Terrorism (Applies only if the Primary Terrorism Limit is exhausted) |
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Not Covered Per Occurrence for Stand Alone Terrorism Deductible |
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(For greater detail re: coverages, limits and deductibles, consult the policy) |
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NAMED INSURED: |
Miami Valley Risk Management Association (MVRMA) |
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DECLARATION: |
1-Cities 1 |
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POLICY PERIOD: |
July 1, 2009 to July 1, 2010 |
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COMPANIES: |
(See policy for complete list of companies) |
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TOTAL INSURED VALUES: |
$ 924,995,238 as of June 29, 2009 |
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COVERAGES & LIMITS: |
$ 100,000,000 Boiler & Machinery, Breakdown, Combined Property Damage and Business Interruption/Extra Expense (Including Bond Revenue Interest Payments where Values Reported and excluding Business Interruption for power generating facilities unless otherwise specified). Limit includes loss adjustment agreement and electronic computer or electronic data processing equipment with the following sub-limits: |
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Included Inspection Services |
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$ 10,000,000 Per Occurrence for Utility Interruption for Utilities owned by others |
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$ 10,000,000 Per Occurrence for Ammonia Contamination |
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$ 10,000,000 Per Occurrence for Water Damage |
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$ 10,000,000 Per Occurrence for Consequential Damage |
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$ 10,000,000 Per Occurrence for Electronic Data Processing Media |
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$ 2,000,000 Per Occurrence for Annual Aggregate for Earthquake Resultant Damage for Members who purchase Dedicated Earthquake Coverage |
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$ 1,000,000 Per Occurrence for Hazardous Substance |
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Included Per Occurrence for Machine or Apparatus used for Research, Diagnosis, Medication, Surgical, Therapeutic, Dental or Pathological Purposes |
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NAMED INSURED CLAUSE: |
Named Insured covers entities you acquire or in which you have 50% or more ownership or contractual control prior to loss
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NEWLY ACQUIRED LOCATIONS: |
$ 25,000,000 Automatic Acquisition for Boiler & Machinery values at newly acquired locations. Values greater than $25,000,000 or Power Generating Facilities must be reported within 90 days and must have prior underwriting approval prior to binding |
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VALUATION: |
Repair or Replacement except Actual Loss sustained for all Time Element coverages |
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EXCLUSIONS (Including but not limited to): |
· Testing · Explosion, except for steam or centrifugal explosion · Explosion of gas or unconsumed fuel from furnace of the boiler |
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OBJECTS EXCLUDED: (Including but not limited to): |
· Insulating or refractory material · Buried Vessels or Piping · Furnace, Oven, Stove, Incinerator, Pot Kiln |
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DEDUCTIBLES: |
$ 5,000 Except as shown for Specific Objects or Perils |
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$ 5,000 Electronic Data Processing Media |
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$ 5,000 Consequential Damage |
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$ 5,000 Objects over 200 hp, 1,000 KW/KVA/Amps or Boilers over 5,000 square feet of heating surface |
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$ 50,000 Objects over 350 hp, 2,500 KW/KVA/Amps or Boilers over 10,000 square feet of heating surface |
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$ 100,000 Objects over 500 hp, 5,000 KW/KVA/Amps or Boilers over 25,000 square feet of heating surface |
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$ 250,000 Objects over 750 hp, 10,000 KW/KVA/Amps or Boilers over 75,000 square feet of heating surface |
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$ 350,000 Objects over 25,000 hp, 25,000 KW/KVA/Amps or Boilers over 250,000 square feet of heating surface |
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$ 10 per foot / $2,500 Minimum Deep Water Wells |
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24 Hours - Business Interruption/Extra Expense Except as noted below |
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30 Days - Business Interruption - Revenue Bond |
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24 Hour Waiting Period - Utility Interruption |
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5 x 100% of Daily Value - Business Interruption – All Objects over 750 hp or 10,000 KW/KVA/Amps or 10,000 Square feet Heating Surface |
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5 x 100% of Daily Value - Business Interruption – All Objects at Waste Water Treatment Facilities and All Utilities |