Report to Carson Reclamation Authority
Monday, September 11, 2023
Consent
SUBJECT:
Title
AUTHORIZE EXECUTIVE DIRECTOR TO APPROVE AND BIND COVERAGE ON A COMMERCIAL GENERAL LIABILITY POLICY FROM UNITED SPECIALTY INSURANCE COMPANY (PRIMARY) AND ENDURANCE AMERICAN SPECIALTY INSURANCE COMPANY AND AMBRIDGE (LLOYD'S), EXCESS CARRIERS, PROCURED THROUGH MARSH RISK & INSURANCE SERVICES IN AN AGGREGATE LIMIT OF $10,000,000 ($1,000,000 PRIMARY/$4,000,000 PLUS $5,000,000 EXCESS) AT A PREMIUM AND SURPLUS LINES TAX AMOUNT NOT TO EXCEED $109,887.00
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I. SUMMARY
This action authorizes the Executive Director to approve and bind a commercial general liability policy with United Specialty Insurance Company (primary carrier) on a $1,000,000 per occurrence/$2,000,000 general aggregate; Endurance American Specialty Insurance for $4,000,000 in excess of the first $1,000,000; and Ambridge (Lloyds) for $5,000,000 in excess of the first $5,000,000, for a total of $10,000,000 in coverage. The premium including Surplus Lines Taxes and commissions is $109,887 for this one-year policy.
II. RECOMMENDATION
Recommendation
TAKE the following action:
AUTHORIZE the Executive Director to bind coverage on behalf of the Carson Reclamation Authority on a Commercial General Liability Policy with United Specialty Insurance Company (primary carrier) on a $1,000,000 per occurrence/$2,000,000 general aggregate/$2,000,000 products-completed operations basis; Endurance American Specialty Insurance for $4,000,000 in excess of the first $1,000,000; and Ambridge (Lloyds) for $5,000,000 in excess of the first $5,000,000, for a total of $10,000,000 in coverage, procured through Marsh Risk & Insurance Services, with a total cost of $109,887 including broker commission and surplus lines taxes.
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III. ALTERNATIVES
TAKE another action deemed acceptable by the Authority Board.
IV. BACKGROUND
For the development of general liability insurance coverage in 2017-2018, the CRA worked with...
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