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APPROVING PAYMENT OF COMMERCIAL INSURANCE FY2024 INCLUDING AUTO, PROPERTY, GENERAL LIABILITY, LAW ENFORCEMENT, EMPLOYMENT PRACTICES, PUBLIC OFFICIAL LIABILITY, EXCESS LIABILITY AND WORKERS COMPENSATION, AND A SERVICE AGREEMENT WITH PRESIDIO INSURANCE
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WHEREAS, Presidio Insurance is the broker of record for Kane County.
WHEREAS, Presidio Insurance advises coverage as follows:
it is in the best interest of Kane County to protect the interests of Kane County 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 Presidio Insurance for Fiscal Year 2024.
Fund 010, Line Item 50000
Acrisure LLC, dba Presidio 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 $719,653
General Liability, $5,000,000 per occurrence
Auto Liability, $5,000,000 per occurrence
Auto Physical Damage included-$35,000 Deductible $33,892
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 $556,364
Excess Liability, $5,000,000 p/o $15MM xs per occurrence $311,159
Excess Liability, $5,000,000 p/o $20MM xs per occurrence $221,226
Excess Liability, $5,000,000 p/o $25MM xs per occurrence $186,372
Cyber Liability $ redacted per occurrence $49,849
Deductible $ redacted
Employee Dishonest/Crime Limit $500,000 $7,062
Deductible $25,000
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