Title
For the purchase of Property, Liability, Cyber Risk, Airport, Aircraft, Workers' Compensation Insurance and Workers' Compensation Surety Bond (Citywide)
For the purchase of Excess Liability Insurance from Travelers Insurance for $10 million in excess of the City's $3 million Self-Insured Retention (SIR). The cost of this policy is $387,710.
For the purchase of 2nd layer Excess Liability Insurance from Scottsdale Insurance Company for an additional $15 million in liability coverage. The cost of this policy is $124,500.
For the purchase of 3rd layer Excess Liability Insurance from Navigators Insurance Company for an additional $25 million in liability coverage. The cost of this policy is $94,000.
For the purchase of Property Insurance from Travelers Insurance with coverage of $300 million per occurrence and a $50,000 deductible. The cost of this policy is $387,611.
For the purchase of Cyber Risk Insurance from Illinois Union Insurance Company with coverage of $10 million per occurrence and a $150,000 deductible. The cost of this policy is $67,730.
For the purchase of Airport Liability and Aircraft Liability and Hull Insurance from AIG with a coverage of $100 million per occurrence and a $0 deductible for a three-year term. The annual cost of this policy is $170, 262.
For the purchase of Excess Workers' Compensation Insurance from Safety National Casualty Corporation with a self-insured retention (SIR) for $1 million per accident/injury/illness policy limit. The cost of this policy is $320,386.
For the purchase of the Workers' Compensation Self-Insurance Surety Bond through Travelers Casualty and Surety Company of America for the rate of $6.00/$1,000.