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TO: Mayor Richard C. Irvin
FROM: Alex G. Alexandrou, Chief Management Officer, Mayor's Office
DATE: December 7, 2020
SUBJECT:
A Resolution Authorizing Purchase of Property/Boiler Machinery, Fine Arts, Crime, Cyber Liability, General Liability/Law Enforcement/Auto Liability, Excess Liability, Excess Workers Compensation, Liquor Liability, Special Events Liability and Drone Liability insurance policies for the period of December 31, 2020 through December 31, 2021.
PURPOSE:
To obtain approval of the proposal from broker Hub International Midwest Limited for Property/Boiler Machinery insurance from Chubb Insurance Company, Fine Arts Insurance from Hanover Insurance Company, Cyber Liability Insurance from AIG, Excess Cyber from Swiss Re, Crime Insurance from Travelers, Excess General Liability/Law Enforcement/Auto Liability Insurance from Allied World National Assurance Company, Hallmark Insurance Company and Great American Insurance Company, Excess Workers Compensation insurance from Safety National Casualty Insurance, Liquor Liability insurance from Lloyds of London, Special Events Liability from Cincinnati Specialty and Drone Liability from American Alternative Insurance Company for the period of December 31, 2020 through December 31, 2021.
BACKGROUND:
The City has historically maintained these types of insurance coverages as part of its overall insurance and risk management program including self-insured retention levels. For 2020 the City purchased through broker Hub Property/Boiler Machinery and Inland Marine from Chubb, Crime coverage from Travelers, Excess Workers Compensation Insurance from Safety National, Excess General Liability/Law Enforcement/Auto Liability Insurance from Allied World National Assurance Company, Excess Liability from StarStone National Insurance Company and Endurance American Insurance Company, Cyber Liability Insurance from AIG, Fine Arts coverage from Hanover Insurance, Liquor Liability from Lloyds of London, Special Events...
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