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APPROVING PAYMENT OF COMMERCIAL INSURANCE FY2025 INCLUDING AUTO, PROPERTY, GENERAL LIABILITY, LAW ENFORCEMENT, EMPLOYMENT PRACTICES, PUBLIC OFFICIAL LIABILITY, EXCESS LIABILITY AND WORKERS COMPENSATION, AND A SERVICE AGREEMENT WITH ACRISURE INSURANCE
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WHEREAS, Acrisure Insurance is the broker of record for Kane County; and
WHEREAS, Acrisure Insurance advises coverage as follows and it is in the best interest of Kane County to protect its interest by procuring all lines of commercial insurance coverage including auto, property, primary casualty, general liability, excess liability and worker's compensation policies and to enter into a service agreement with Acrisure Insurance for Fiscal Year 2025.
Fund 010, Line Item 50000
Acrisure Insurance Agency Fee in Lieu of Commission for Property, Primary Casualty, Workers Compensation, Crime and Cyber Liability $36,000
Fund 010, Line Item 53000
PRIMARY CASUALTY INCLUDING $853,326
General Liability $5,000,000 per occurrence
Auto Liability, $5,000,000 per occurrence
Auto Physical Damage included - $25,000 deductible $65,558
Public Officials Liability, $5,000,000 per occurrence
Employment Practices Liability, $5,000,000 per occurrence
Law Enforcement Liability, $5,000,000 per occurrence
Terrorism - included
Limit $1,000,000 SIR/Self Insured Retention
EXCESS LIABILITY
Excess Liability, $5,000,000 p/o $10MM xs per occurrence $517,065
Excess Liability, $5,000,000 p/o $15MM xs per occurrence $313,046
Excess Liability, $10,000,000 p/o $25MM xs per occurrence $336,905
Cyber Liability $ redacted per occurrence $42,785
Deductible $ redacted
Employee Dishonesty/Crime Limit $500,000 $ 9,899
Deductible $25,000
Property $336,354
Buildings/Contents Blanket ($300,000,00...
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