04/09/2024 - Laserfiche WebLink

Home Browse Search

Indian River County Board of County Commissioners Gallagher RE360 Public Entity Excess Liability In 2020, the County was coming off a rate agreement with Brit (now Ambridge). We marketed your program to five markets and coverage remained with Brit for a 6% rate increase. In 2021 based on expiring marketing, we approached Safety National. Safety declined to quote based on current premium. In 2021, Ambridge moved to a new coverage form and below were the material changes: 1. Our current policy has nine coverage sections. The new form has ten coverage sections. 2. The intent is liability limits cannot be stacked, loss is recoverable under ONE coverage section 3. Added exclusion for: Any liability arising out of the flooding, cracking, seepage, accidental discharge, partial or complete structural failure or over -topping of a DAM for which the INSURED is legally liable. A DAM is defined as: DAM means any artificial barrier, including, but not limited to, spillways, berms or reservoirs that have the ability to impound water for the purpose of storage and/or control of water that is greater than 25 feet in height with storage capacity of more than 15 acre-feet or greater than 6 feet in height with storage capacity of more than 50 acre-feet. DAM also means levees and any dam classified as high hazard. 4. The Law Enforcement Liability now includes an exclusion for Auto Liability. This ensures Auto Liability claims addressed within Auto Liability coverage section. 5. Your expiring Errors & Omissions, Law Enforcement and General Liability sections included coverage for Sexual Abuse and Sexual Harassment. Sexual Abuse now has its own claims made coverage form and dedicated limit. The new coverage form requires potential claims be reported within 180 days after initial discovery of any actual, attempted or pending allegation. Many insured historically had Occurrence coverage within their General Liability and this is a trend we are seeing across the industry. The retro date for this section is Mayl, 2021. Prior Sexual Abuse coverage for the County was written on an Occurrence form. 6. Extended Reporting Period changed from 100% max annual premium to 200% max annual premium 7. Added Exclusion for Communicable Disease In 2022, Ambridge had two new material changes: 1. Added an endorsement clarifying that their limit is subject to the County paying the total loss and they would reimburse the County. 2. Named Insured — Per my email on March 8, Ambridge is trying to get away with each policy have different "manuscript" named insured endorsements. As a result, the below language will be removed in 2022 It is here by noted and agreed that the NAMED ASSURED is Indian River County Board of County Commissioners and all persons who were, now are or shall be lawfully elected or appointed officials or employees while acting for or on behalf of the Public Entity; Current or former Boards, Commissions, Councils Authorities, Agencies, or other entities of the County, even if newly created and current or former elected or appointed officials, members of Boards, Commissions, Councils, Authorities or Agencies, etc. and employees of the County, even if newly elected, appointed, hired, etc. and Volunteers acting for or on behalf of, and at the direction of, the Public Entity, not including any person working on a retainer or as an independent contractor; Officials and employees of the Public Entity appointed at the request of the Public Entity to serve with an outside tax exempt entity. Other entities or persons, to the extent required by agreement, contract or lease with the County or Boards, Commissions, Councils, Authorities, Agencies, etc. of the County. Other entities, persons or organizations providing .cervica to vnu unrlar my midiml ;40 nr .cimi1ar agreement. 20