DEPARTMENT: Office of Risk Management
DEPARTMENT HEAD: Debra M. Ojo, MPA
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 one-year policy period with two one-year renewal options, effective October 1, 2017. The estimated cost for the first year is $1,082,796.60. If all options are exercised for the full three years, the estimated total cost of the contract is $3,257,313.67. This recommendation, covering a three-year period, allows the City to take advantage of guaranteed renewals and rates which ensures operational and administrative efficiencies, as well as reductions in premiums. Each policy is renewing with the current incumbent and offers policy terms, limits and conditions equal to or better than the expiring policies. The policies, their coverage, and premiums are:
* Medical Professional Liability covers errors and omissions associated with operation of Metro Health Clinic
* Homeland Insurance Company of New York - $24,792.60
* The Airport Owners and Operators Liability offers protection against third-parties claims on airport grounds
* Commerce and Industry Insurance Company (AIG) - $43,950
* The Aircraft Hull and Liability covers SAPD helicopters
* Commerce and Industry Insurance Company (AIG) - $107,405
* Crime Liability provides protection against employee theft and embezzlement
* National Union Fire Insurance of Pittsburg [LOC1] - $13,306
* Fine Arts Liability covers the owned and borrowed arts, statues and artifacts
* AXA Art Insurance Company - $ 24,468
* Property covers the City's facilities, boilers and machinery
* Factory Mutual Insurance Company - $828,109
* Inland Marine provides coverage for SAPD and SAFD mobile command units
* XL Specialty Insurance Company - $40,766
The offer for the Property coverage is for a th...
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