City of San Antonio - File #: 16-1968

• File #: 16-1968
• Type: Purchase of Services
• In control: City Council A Session
• On agenda: 4/28/2016
• Posting Language: An Ordinance authorizing the purchase of the following insurance policies for a period beginning May 1, 2016 through September 30, 2017 for a total cost of $1,910,213.00, funded from the Liability Insurance Fund: (A) medical professional liability from Homeland Insurance Company of New York d/b/a OneBeacon Insurance Group; (B) airport owners and operators liability from Commerce and Industry Insurance Company; (C) aircraft hull and liability from Commerce and Industry Insurance Company; (D) crime liability from National Union Fire Insurance Company of Pittsburg; (E) fine arts liability from AXA Insurance Company; (F) property/equipment breakdown from Factory Mutual Insurance Company; and (G) inland marine from XL Specialty Insurance Company. [Ben Gorzell, Chief Financial Officer; Troy Elliott, Director, Finance]

Date	Ver.	Action By	Action	Result
4/28/2016	1	City Council A Session	adopted	Pass

DEPARTMENT: Finance


DEPARTMENT HEAD: Troy Elliott, CPA



COUNCIL DISTRICTS IMPACTED: City Wide


SUBJECT:

Renewal of Commercial Insurance Policies.


SUMMARY:

This ordinance authorizes the City Manager or her designee to pay premiums for the City of San Antonio's commercial insurance policies identified below for a 17-month period, May 1, 2016 through September 30, 2017, at a total cost of $1,910,213.00. These renewals, covering 17 months, allow the opportunity to align the expiration dates for all of the City's commercial insurance policies to coincide with the fiscal year. A common renewal date also ensures operational and administrative efficiencies, as well as reductions in premium. Each policy is renewing with the current incumbent offering policy terms, limits and conditions equal to or better than expiring:
* Medical Professional Liability covers errors and omissions associated with operation of Metro Health Clinic
* Homeland Insurance Company of New York - $35,180.00
* Airport Owners and Operators Liability offers protection against third-parties claims on airport grounds
* Commerce and Industry Insurance Company - $62,373.00
* Aircraft Hull and Liability covers SAPD helicopters
* Commerce and Industry Insurance Company - $152,427.00
* Crime Liability provides protection against employee theft and embezzlement
* National Union Fire Insurance Company of Pittsburg - $18,248.00
* Fine Arts Liability covers the owned and borrowed arts, statutes and artifacts
* AXA Insurance Company - $34,720.00
* Property/Equipment Breakdown covers the City's facilities, boilers and machinery
* Factory Mutual Insurance Company - $1,532,519.00
* Inland Marine provides coverage for SAPD and SAFD mobile command units
* XL Specialty Insurance Company - $74,746.00



BACKGROUND INFORMATION:

In February 2016, the Finance Department, in cooperation with the City's Broker of Record, SOGO Wealth and Risk Management/Wells Fargo (SOGO/WF...