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Home My WebLink About2004-06-14 04-163 ORDERYUUNmL ACTION Item No.—QA—L63 Dabn 61fA4 Item/Subject: Order, Accepting the Quote of AIG Aviation for Insurance Coverage a[ Bargor International Airport. Responsible Department: Purchasing The City has received a quote for the upcoming year from PIG ANadon for the continued insurance services currently provided to Bangor International Airport. This years quote is $163,460, which remains unchanged from the current year. We recommend your approval of accepting the AIG Aviation quotation. cepartmem Head Comments: The Finance Committee has reviewed and recommends approval. City Manager Associated Information: Summary of Coverages and Cost //iIIAMA Introduced for .L `1 Passage _ First Reading Pa¢_ot Referral 04-163 Assigned M Councilor Farrington lune 14, 2004 A,+ CITY OF BANGOR (TITLE.) Order, Aocnpting the Quote of AIG Aviation For Inwrari Coverage at Bangor International Airport By the Oty Council of the Oty of Bangor ORDERED, -- - - - That the quotation provided by AIG Aviation for insurance coverage at Bangor International Airport in the amount of $163,459 is hereby accepted. ID CTTY WUCIL Suva 14. 2004 Passed # 04-163 0 HDHH Airport Assignecto Councilor ('fir ulA R4Yrl omsvv ARGENT YLER EST May 21,201M Charlie Mitchell Bangor City Hall 73 Harlow Secret Baugm, ME 04401 Bear Charlie: 6 163 URANCE SINCE 1869 let SO1RN MAIN STREET P.O. BOX IN BREWER -MAINE - 0641243188 TELEPHONE am 7301 FAX#Na730] AIG Aviation, (your curter camer), and Global Asospace have offered quotations for Bangor International A'nporfs Fatality policy renewing July 1, 20M ACE, USA, was solicited for a quote, but declined to quote this year due to the BIA's exposure as a Fixed Base Operator. Phainix Aviation Mangers, Inc. did not offer a quotation because they are only able to offer up in $30,000,01H) on admitted paper. The remaining $70,000,000 would be issued on surplus lines Paper which is only allowed under Maine box, if no offer admitted company can provide the coverages B41 is looking for. Global Aerospace offered a quote of $210,000 excluding any War Risk Coverage. AIG Aviation offered ar expiring tams, which I have outlined on the following pages. Please review the quotation, and feel free to call we Wien any questions at 800262 524/ 1 US qi0 Regards' C9A- pntip � JuI Owat Cole Sargent Tyler& West GGGem enclosures Aviation Division ce: Penelope Olson Post Wise Box 1026, Yarmouth, ME 04096 Phone: 800262-5241 Fax: 20]846-9333 May 2l, 2004 To: Bangor City Hall Alto: Charlie Mitchell Re: Hanger knemational Airport From: Owen Cole- Sargon Tyler &. West Coverages: A. Commercial General Liability Coverage L'units Prendses and Operations S 100,000,000 Limited Liability In Paoangaz Terminal Buildings, Sidewalks, Roads, Or Parking eUeas Located On Avpor[Prendses $ 400,000 aevatem $ 400,000 Escalators $ 400,000 Independent Cormsctors $100,000,000 Contractual Liability $100,000,000 Medical Malpractice $ 11000,000 Personal Injury - $ 25,000,000 Host Liquor Liability S 5,000,000 Premises Medical Payments: $ 1,000 Cargo Legal Liability $ 4001000 Fire Legal Liability $ 100,000 War Risk $ Not Included Terrorism Coverage $Not Included 06-163 q 06-163 Page -2- Berger Intern boned Aitpmt B. Products and ComPleud Operations ❑ Sale OfNaw AGcraft ❑ Sale Of Used Aircraft ❑ Fuel Sales ❑ Sign Misdirection ❑ Parts Installed ❑ Parts Nothumlled _ ❑ Service & Repair ❑ Cargo Hauling ❑ Runway Palming C. Hmtgurkeepers Legal Liability D. Non Ovmership Liability E. Fellow Eumloyee Exclusion is Not Deleted Premium $100,000,000 Each Occurrcnce/Aggregats $ Included $ Included $ Included $ Included $ Included. $ Included $ Included $ Included $ Included $100,000,000 Each A-ucraft $100,000,000 Each Occurrence $ 50,000 Deductible $100,000,000 Per Occurrence A. Premises & Operations Rale: Fla Rate Included Independent Conductors Ram: Fla Rae Included Contrecuid Liability Rate: Fla Raze Included Pascual Injury Liability Rate: Flat Me Included Fire Lege Liability Ratty Fla Me Included B. Products and Completed Operations Rage: Fla Me Included ❑ Sale Of New Ahmft Rae: Flat Rae Included ❑ Sale Of Used Aircraft Rate: Fla Rate Included ❑ Fuel Saes Rae: Flat Rate Included ❑ Sip Misdirection Rate: Fla Rate: Included ❑ Pads Installed Rae: Fla Rate: Included ❑ Purls Not Installed Rae: Flat Rate: Included ❑ Service & Repair Rae: Fla Rate: Included ❑ Cap Hauling Rae: Flat Rate: Included ❑ Rmway Panting Rate: Fla Rate: Included 04-163 Page -3- Bangor Intercultural C. Fiangarkeepas Legal Liability Rate: Flat Rate: Included D. Non Owamship Liability Rate: palpate: Included Deductibles: $50,000 Each& Every Occurrence $50,000 Deductible Aggregate Annual Premium: $163,450 Contract Term & Conditions: Contract Period The contract period shall be from 07/012004 througb 07/012005 PaymnN Schedule Semi annual payments with 5001* due at inception, And 50% due January 1, 2005 Premium: The total premium charged is on a flat ate per the summary pages. The annual premium is based upon Receipts supplied by DIA mmmgemenS and is net subject to an annual audit