MVRMA - 1997 Coverage Summary


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.

	$ 25,000,000 Dedicated Flood Limit - Per Occurrence & Annual Aggregate

	$ 5,000,000 Per occurrence and in the annual aggregate for all locations in Flood Zones A & V

	$ 25,000,000 Dedicated Earthquake Shock Limit - Per Occurrence & Annual Aggregate

	$ 100,000,000 Combined Business Interruption, Rental Income and Tax Interruption (and related fees) except $500,000/ $2,500,000 maximum Per Occurrence limit if values are not reported by member. BI Coverage for Power Generating Plants is excluded unless otherwise specified.

	$ 50,000,000 Extra Expense

	$ 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.

	180 Days BI Extended Period of Indemnity

	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.

	$ 1,000,000 Unscheduled Landscaping, tees, sand traps, greens and athletic fields and further subject to $25,000 / 25 gallon maximum per item

	$ 5,000,000 Scheduled Landscaping, tees, sand traps, greens and athletic fields and further subject to $25,000 / 25 gallon maximum per item.

	$ 50,000,000 Errors & Omissions

	$ 25,000,000 Course of Construction and Additions (including new) for projects with completed values not exceeding the sublimit shown.

	$ 2,500,000 Money & Securities for named perils only

	$ 2,500,000 Unscheduled Fine Arts

	$ 250,000 Accidental Contamination per occurrence and annual aggregate per member with $500,000 annual aggregate for all insureds / members

	$ 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)

	$ 25,000,000 Increased Cost of Construction due to the enforcement of building codes/ ordinance or law (includes All Risk and Boiler & Machinery)

	$ 25,000,000 Transit

	$ 2,500,000 Unscheduled Animals; not to exceed $50,000 per Animal, per Occurrence

	$ 2,500,000 Unscheduled Watercraft up to 27 feet
	Included Per Occurrence for Vehicle Physical Damage Limit
	$ 25,000,000 Off Premises Services Interruption including Extra Expense resulting from a covered peril at non-owned/operated locations. $ 3,000,000 Contingent Business Interruption, Contingent Rental Values, Contingent Tax Interruption and Contingent Extra Expense separately


	$ 500,000 Jewelry, Furs, Precious Metals and Precious Stones Separately

	$ 1,000,000 Claims Preparation Expenses

	$ 50,000,000 Expediting Expenses

	$ 1,000,000 Personal Property Outside of the USA

	$ 100,000,000 per member/entity per occurrence subject to $200,000,000 Annual Aggregate of Declarations 1-13, 17, 18, 19, 20, 21, 30 and 32 combined as respects Property Damage, Business Interruption, Rental Income and Extra Expense Combined for Terrorism (Primary Layer)

	$ 250,000,000 Per Member/Entity for Terrorism (Excess Layer) subject to;

	$ 550,000,000 Per Occurrence, All Members combined in Declarations 1-9, 13, 19, 20, 21, 30 and 32 for Terrorism (Excess Layer) subject to;

	$ 850,000,000 Annual Aggregate shared by all Members/Entities combined in Declarations 1-9, 11, 12, 13, 19, 20, 21, 30 and 32 as respects Property Damage, Business Interruption, Rental Income and Extra Expense combined for Terrorism (Excess Layer)

	Included Information Security & Privacy Insurance with electronic Media Liability coverage. see attached Cyber Coverage summary for applicable Limits. (Cyber Liability)

VALUATION:	� Repair or Replacement Cost � 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

EXCLUSIONS (Including but not limited to):	� Seepage & Contamination � Cost of Clean-up for Pollution � Mold

ALL RISK BASIC

DEDUCTIBLE:

$ 250,000 Per Occurrence, which to apply in the event a more specific deductible is not applicable to a loss

DEDUCTIBLES FOR SPECIFIC PERILS AND COVERAGES:	$ 250,000 Per Occurrence for Flood Zones A & V

	$ 100,000 All Flood Zones Per Occurrence excluding Flood Zones A & V
	$ 100,000 Earthquake Shock: If the stated deductible is a flat dollar amount, the deductible will apply on a Per Occurrence basis.

	$ 1,000 Per Occurrence for Specially Trained Animals

	$ 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)

	24 Hour Waiting Period for Service Interruption for All Perils and Coverages
	2.5% of annual Tax Value per Location for Tax Interruption
	AGREED Vehicle Valuation Basis
	$ 250,000 Per Occurrence for Contractor's Equipment
	$ 250,000 Per Occurrence for Primary Terrorism
	$ 500,000 Per Occurrence for Excess Terrorism (Applies only if the Primary Terrorism Limit is exhausted)
	Included Information Security & Privacy Insurance with Electronic Media Liability Coverage. See attached Cyber Coverage Summary for applicable Deductibles. (Cyber Liability)
CONDITIONS:	25% Minimum Earned Premium and cancellation subject to 10% penalty
NOTICE OF CANCELLATION:	90 days except 10 days for non-payment of premium

NAMED INSURED:	Miami Valley Risk Management Association (MVRMA)

DECLARATION:	1-Cities 1

POLICY PERIOD:	July 1, 2010 to July 1, 2011
COMPANIES:	(See policy for complete list of companies)

TOTAL INSURED VALUES:	$ 925,070,863 as of June 28, 2010

COVERAGES & LIMITS:
	$ 100,000,000 Boiler Explosion & Machinery, Breakdown, as respects 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:
	Included Inspection Services

	$ 10,000,000 Per Occurrence for Utility Interruption for Utilities owned by others

	$ 10,000,000 Per Occurrence for Ammonia Contamination

	$ 10,000,000 Per Occurrence for Water Damage

	$ 10,000,000 Per Occurrence for Consequential Damage

	$ 10,000,000 Per Occurrence for Electronic Data Processing Media

	$ 2,000,000 Per Occurrence and Annual Aggregate per declaration for Earthquake Resultant Damage

	$ 1,000,000 Per Occurrence for Hazardous Substance

	Included Per Occurrence for Machine or Apparatus used for Research, Diagnosis, Medication, Surgical, Therapeutic, Dental or Pathological Purposes

NAMED INSURED CLAUSE:	Named Insured covers entities you acquire or in which you have 50% or more ownership or contractual control prior to loss
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

VALUATION:	Repair or Replacement except Actual Loss sustained for all Time Element coverages

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

OBJECTS EXCLUDED: (Including but not limited to):	� Insulating or refractory material � Buried Vessels or Piping � Furnace, Oven, Stove, Incinerator, Pot Kiln

NOTICE OF CANCELLATION: DEDUCTIBLES:	90 days except 10 days for non-payment of premium $ 5,000 Except as shown for Specific Objects or Perils

	$ 5,000 Electronic Data Processing Media

	$ 5,000 Consequential Damage

	$ 5,000 Objects over 200 hp, 1,000 KW/KVA/Amps or Boilers over 5,000 square feet of heating surface

	$ 50,000 Objects over 350 hp, 2,500 KW/KVA/Amps or Boilers over 10,000 square feet of heating surface

	$ 100,000 Objects over 500 hp, 5,000 KW/KVA/Amps or Boilers over 25,000 square feet of heating surface

	$ 250,000 Objects over 750 hp, 10,000 KW/KVA/Amps or Boilers over 75,000 square feet of heating surface

	$ 350,000 Objects over 25,000 hp, 25,000 KW/KVA/Amps or Boilers over 250,000 square feet of heating surface

	$ 10 per foot / $2,500 Minimum Deep Water Wells

	24 Hours - Business Interruption/Extra Expense Except as noted below
	30 Days - Business Interruption - Revenue Bond
	24 Hour Waiting Period - Utility Interruption

	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

	5 x 100% of Daily Value - Business Interruption � All Objects at Waste Water Treatment Facilities and All Utilities
Go to Top

Cyber Liability

TYPE OF INSURANCE:	Insurance

TYPE OF COVERAGE: PROGRAM: NAMED INSURED:	Information Security & Privacy Insurance with Electronic Media Liability Coverage Public Entity Property Insurance Program (PEPIP) Any member(s), entity (ies), agency(ies), organizations(s), enterprise(s) and/or individuals(s) attached to each Declaration insured as per schedule on file with Insurer.

DECLARATION:	Various Declarations as on file with Insurer

POLICY PERIOD:	July 1, 2010 to July 1, 2011
RETROACTIVE DATE:	PEPIP July 1, 2010 For members associated with the July 1, 2010/11 policy

COMPANIES:	Lloyd�s of London - Beazley Syndicate: Syndicates 2623 - 623 - 100%

		COVERAGES & LIMITS:
*THIRD PARTY LIABILITY*	Ai.	$ 20,000,000 Annual Policy and Program Aggregate Limit of Liability (subject to policy exclusions) for all Insureds/Members combined (Aggregate for all coverages combined, including Claims Expenses), subject to the following sub-limits as noted.

	Aii.	$ 2,000,000 Annual Aggregate Limit of Liability for each Insured/Member for Information Security & Privacy Liability (Aggregate for all coverages combined, including Claim Expenses) but sublimited to:

	B.	$ 500,000 Annual Policy Aggregate Limit of Liability for each Insured/Member Privacy Notification Costs coverage. Limit is $1,000,000 if Beazley vendor services are used.

	C.	$ 2,000,000 Annual Policy Aggregate Limit of Liability for each Insured/Member for all Claims Expenses and Penalties for Regulatory Defense and Penalties

	D.	$ 2,000,000 Annual Policy Aggregate Limit of Liability for each Insured/Member for all Damages and Claims Expenses for Website Media Content Liability (Occurrence Based)

	The sub-limits of liability displayed above in Items B, C and D are part of, and not in addition to, the overall Annual Aggregate Limit of Liability for each Insured/Member (Item Aii)

*FIRST PARTY COMPUTER SECURITY*	E.	$ 2,000,000 Policy Aggregate Sublimit of Liability for each Insured/Member for Cyber Extortion Loss

	F.	$ 2,000,000 Policy Aggregate Sublimit of Liability for each Insured/Member for Data Protection Loss and Business Interruption Loss

	G.	First Party Business Interruption Sub-Limits of Liability for each Insured/Member $ 25,000 1) Hourly Sublimit $ 25,000 2) Forensic Expense Sublimit $ 100,000 3) Dependent Business Interruption Sublimit.

NOTICE:		Policy coverage sections I.A - Information Security & Privacy Liability, I.B.- Privacy Notification Costs and I.C.-Regulatory Defense & Penalties of this policy provide coverage on a claims made and reported basis; except as otherwise provided, coverage under these insuring agreements applies only to claims first made against the insured and reported to underwriters during the policy period. Claims expenses shall reduce the applicable limit of liability and are subject to the applicable retention.

EXTENDED REPORTING PERIOD:		To be determined at the time of election (additional premium will apply)

SPECIFIC COVERAGE PROVISIONS:	A.	Information Security and Privacy Liability pays on behalf of the Insured/Member damages and claims expenses excess of the retention which the Insured/Member shall become legally obligated to pay because of any claim, including a claim for violation of a privacy law first made against the Insured/Member and reported to underwriters during the policy period for theft, loss or unauthorized disclosure of personally identifiable non-public information or third party corporate information that is in the care, custody or control of the Insured/Member, or an independent contractor that is holding, processing or transferring such information on behalf of the Insured/Member. Acts or incidents that directly result from the failure of computer security to prevent a security breach including Alteration, corruption, destruction, deletion, or damage to a data asset stored on computer systems Failure to prevent transmission of malicious code from computer systems to third party computer systems The failure to timely disclose any of the above in violation of any breach notice law The failure to comply with a privacy policy involving the disclosure, sharing or selling of personally identifiable non-public information The failure to administer an identity theft prevention program

	B.	Privacy Notification Costs pay the Insured/Member for reasonable and necessary costs to comply with a breach notice law because of an incident that first takes place on or after the retroactive date and before the end of the policy period. Privacy Notification Costs means costs incurred within one year of the reporting of the incident or suspected incident to the Underwriters: To hire security experts; Notification provisions, Public relations mitigation up to $50,000 subject to 20% coinsurance Credit monitoring for the purpose of mitigating potential damages and are subject to 20% coinsurance Credit file monitoring, Mailing and third party administrative costs

	C.	Regulatory Defense and Penalties pays on behalf of the Insured/Member claims expenses and penalties which the Insured/Member shall become legally obligated to pay because of any claim in the form of a regulatory proceeding resulting from a violation of a privacy law and caused by an incident described under certain sections of the information security and privacy liability section of the policy.

	D.	Website Media Content Liability pays on behalf of the insured damages and claims expenses resulting from any claim made against the Insured/Member for one or more of the following acts committed in the course of covered media activities: � Defamation, libel, slander, trade libel � Privacy violation � Invasion or interference with publicity � Plagiarism, piracy, misappropriation of ideas under implied contract � Infringement of Copyright � Infringement of domain name, trademark � Improper deep-linking or framing within electronic content

	E.	Cyber Extortion indemnifies the Insured/Member for costs incurred as a result of an extortion threat by a person other than employees, directors, officers, principals, trustees, governors, managers, members, etc.

	F.	First Party Data Protection indemnifies the Insured/Member for data protection loss as a result of alteration, corruption, destruction, deletion, damage or inability to access data assets.

	G.	First Party Network Business Interruption indemnifies the Insured/Member for business interruption loss as a direct result of the actual and necessary interruption or suspension of computer systems and is directly caused by a failure of computer security to prevent a security breach.
EXCLUSIONS (Including but not limited to):	Coverage does not apply to any claim or loss from � Bodily Injury or Property Damage � Any employer-employee relations, policies, practices � Contractual Liability or Obligation � Any actual or alleged act, error or omission or breach of duty by any director, officer, manager if claim is brought by principals, officers, directors, stockholders and the like � Anti-trust violations � Unfair trade practices � Unlawful collection or acquisition of Personally Identifiable Non-Public Information � Distribution of unsolicited e-mails, facsimile, audio or video recording � Prior knowledge or previously reported incidents � Incidents occurring prior to retroactive date/continuity date � Any act, error, omission, of computer security if occurred prior to policy inception � Collusion � Securities Act Violations � Fair Labor Act Violations � Discrimination � Intentional Acts with regard to Privacy and Security Breach � Patent Infringement � Federal Trade Commission and related state, federal, local and foreign governmental activities � Insured vs. Insured � Money/Securities/Funds Transfer � Broadcasting, Publications and Advertising � War and Terrorism � Pollution � Nuclear � Radioactive

RETENTION:	$ 50,000 Per Occurrence for each Insured/Member with TIV up to $500,000,000 at the time of loss $ 100,000 Per Occurrence for each Insured/Member with TIV greater than $500,000,000 at time of loss 8 Eight hour waiting period for first party claims

COINSURANCE FOR SPECIFIC COVERAGES:	20% For Public Relations Consultancy 20% For Credit File Monitoring


NOTICE OF CANCELLATION:	60 days except 10 days for non-payment of premium

REINSTATEMENT PROVISIONS:	Not Provided.

OTHER SERVICES

Unlimited Access to e-Place Solutions

(For greater detail re: coverages, limits and deductibles, consult the policy.)

Go to Top

Casualty Program		Crime Insurance
Boiler & Machinery Program	Property Program	Cyber Liability

MVRMA Self-Insured Coverage:	$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 a protected cell captive and not currently rated Gen Re: A++ (Superior)
Term:	1/1/11-1/1/12

Carrier:	National Union Fire Ins. Co. of Pittsburgh, PA (Chartis)
A.M. Best Rating:	A
Term:	1/1/11 to 1/1/12