04-262 Resolution No. 04-262
RESOLUTION
ACCEPTING THE PROPOSAL OF LUNDSTROM INSURANCE FOR
LIMITED SELF-INSURANCE PROGRAM
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF ELGIN,ILLINOIS,that
David M.Dorgan,City Manager,be and is hereby authorized and directed to accept the proposal on
behalf of the City of Elgin of Lundstrom Insurance for the city's limited self-insurance program for
the period October 1, 2004 through September 30, 2005 as follows:
a. The St. Paul $50,000/occurrence (SIR) for the property policy and
$250,000/occurrence (SIR) for general liability with $1,500,000 "All Lines"
aggregate SIR proposal for a total excess premium and claims administration cost of
$861,147 and $61,000 claims administration fee.
b. The Safety National$500,000/occurrence(SIR)compensation proposal
for a total excess premium cost of$68,538.
c. The MG $3,000,000/occurrence and $3,000,000/aggregate with
$10,000/deductible for pollution liability coverage for$41,463.
s/Ed Schock
Ed Schock, Mayor
Presented: September 22, 2004
Adopted: September 22, 2004
Vote: Yeas: 6 Nays: 0
Attest:
s/Dolonna Mecum
Dolonna Mecum, City Clerk