HomeMy WebLinkAboutRequest to Purchase - BOCCGRANT COUNTY
COMMISSIONERS AGENDA MEETING REQUEST FORM
(Must be submitted to the Clerk of the Board by 12:00pm on Thursday)
REQUESTING DEPARTMENT: gOCC
REQUEST SUBMITTED BY: BKOK
CONTACT PERSON ATTENDING ROUNDTABLE: gKOK
CONFIDENTIAL INFORMATION: []YES M NO
DATE: 9/1 $/2025
PHONE:4g02
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Request to Purchase Grant County, Excess Liability Insurance through Acrisure
in the amount of $493,332.00 plus taxes and fees to be paid from Fund 503.182
(Insurance Premium).
E
If necessary, was this document reviewed by accounting? R YES ❑ NO ❑ N/A
If necessary, was this document reviewed by legal? ❑YES ❑ NO
DATE OF ACTION: `'7 � 3'2� DEFERRED OR CONTINUED TO:
APPROVE: DENIED ABSTAIN
D2:
D3:
WITHDRAWN:
7 N/A
4/23/24
F�ACRISURE°
Grant County, Excess Liability insurance
Lloyds of London, Acrisure RE Wholesale Limited
Arcadian 66.67% at $480,000 actual premium $320,016
Rokstone 33.33& at $520,000 actual premium $173,316.00
Total premium for layer is $493,332.00
Plus taxes and fees
We also still have the 10 XS 15 Million layer at $800,000.
Excess Liability Insurance.
INTEREST: Excess Liability Insurance ONLY in respect of General Liability, Law Enforcement
Liability, Wrongful Acts and Auto Liability arising out of the operations of the Insured, as more fully
set forth in the Policy Wording of the Lead Underlying Policy identified herein
Underlying Policy No(s):
WCRG242533996:
• Lead Underlying Insurer: Munich Reinsurance America, Inc.
• All other Underlying Insurer(s):
i Great American Insurance Company (1st Excess)
• Berkley Insurance Company (2nd Excess)
• As more fully detailed in the Lead Underlying Policy identified herein.
Limit of Liability:
(Insuring Agreement 2): a) $ 61000,000
$ 6,000,000 Annual Policy Aggregate all coverages combined
including Auto Liability.
Defense Costs shall reduce the Limits of Liability stated above.
In Excess of the Underlying Limit.
Underlying Limits:
(Insuring Agreement 2): a) USD 15,000,000 Each Occurrence
b) USD 15,000,000 Annual Aggregate
USD 45,000,000 Group Aggregate
POLICY PERIOD:
From: October 1, 2025-October 1, 2026
Shane Heston, Client Advisor/Partner
ACRISURE. COM/NORTHWEST
108 W. Broadway Ave Moses Lake WA 98837
509-765-0241