HomeMy WebLinkAbout2005-06-27 05-232 ORDERCOUNCILACTION
Item No. 05-232
Date: 6-27-05
Item/Subject Order, Accepting Me Quote of Global Aerospace for Insurance Coverage at Bangor
International Airport.
Responsible Department: Purrhasing
Commentary:
The City has received a quote for the upcoming year from Global Aerospace for insurance coverage
at Bangor International Airport. The quote is $163,275, which remains relatively unchanged from
Me current year.
We recommend your approval of the Global Aerospace quotation.
uepaameno neau
The Finance Committee has reviewed and recommends approval. .�/lRL Ap
City 6lanager
Associated Information: Summary of Coverages and Cost
Budget Approval:
Legal Approval:
Introduced for
X Passage
_ FlnOt Reading Page_ of
Referral
os-vz
Aaignedb Courcilm Ceahveu Tuve 27, zoos
CITY OF BANGOR
(T E.)ONer, Accepting the Quote of Global Aerospace For Inwrsmce Coverage at
Bangor International Airport
By the Cky Cour it of the Ott of&mgo%
ORDERED,
That the Quotation provided by Global Aerospace for insurance coverage at Bangor
International Airport in the amount of $163,275 is hereby accepted.
m CITY WMGIL
June 27. 2005
Pasod
ITY CLgpg
A 05-232
WITM Ceotlog tL Q to of Global
AAee pate r Insurance ¢rage at Bangor
Internatioual A roort
neiQneam couneibr /e,JA..gKQ
05-232
JUN 07 2005 3:39 P11 FR SARGENT TYLER a WESTS46 9333 TO 19009454445 P.01
ARGENT
VEER
SJ EST INSURANCE SINCE 1869
tooSOUT WIN STREET
eo eox 18B
SPEW .WNE-M12 son
Fnne Y, 2005 - Tr EnwNEm rs1
RIX69547309
Charlie MitabcB
saviortle8
93 HarlowowS9 at
Beagdr, ME04401
AIG Aviation, (Your clunm cams), and Global Aerospace Raved
quotasious for Bangor Inrematienal Aitporl's liability policy ses&MAR MY 1, 21N1.5
AC$ TISA, was stso sobcitM for aquote, but declined to quote this year due to Poe
BWs nposare as aFUM Bare Oleramr.
pGeenlx AviafiwMsngao, lea. did not oHcraquolotlanbecause Olev are only able to
offer up to M000,0o0 on admittoi paper, The remainang S] 0,000,000 would be issued on
surplus lino paper whieh Is only allowed undo Maine law, if no oNer admittod company can
pmvida Wecovazagas BlA is lootingfor.
Global Aerospace bas oHaed a quota ofSi63,2"/5,000 excluding any War Rias
C a,Na . AIG Aviadea offoad a eapotagterms of 5163.450 wMcb t Gave outlined on the
Following pages. In addidoo, due to areeenr shakeup o[mavagnvmn4 and offiotclesings, Ido
nm Rel you would N< prov with measure level ofaemi on clausis as you have in site pm
wire Alit. Conversely,Gbbal Aerospace M1aa in Mosaclaims serviceia their Short }Ells NI
o(fire,aM weUolul heaimm to use Rymbarga far S s:fuinn;JladryaRr ere regoiNd
caunnowily.Glob;$350 ppacedceamtcbarge fns my up claims Hles, white AIG
Global
Gacaf S350f oming the peswvia.ttls my recomvwudetion, lbal yous teL to
Global Aemspaee for tGeapwmin8 Wliryyeaz.
/Regards,
�sI
Gwen Colele
bmgen[Tylu&West
t3OGcm
crIclosums
ccs Penelope Olson
ION R7 2005 3:40 Fry FR SARGENT TYLER a WEST046 9333 TO 17009454446 P.02 05-232
Iune 7,=
Tv. BargorotyAatl
AM: Chaiw Mitchell
Re: Renewal Quoin For Bangor tmemamnd Ai A
Enna Owen Cnln�Sagenr Tyleffi Wes[
Caveragea:
A. Commercial Oeveml Gi9bmy Cove oLimit
PTmtax and Op Eamns 5100,00 "
BuWidl. aMoWl LRoads, r a m
BwWivgs. Slide nANBoads,Ort'arHvg
Areas Locaed OV Ahpott Praaus S 400,OW
ElevaWns
s 400,000
Bualaan
s 400,000
hdepm nt conuac"a
$iagwo,dao
Cont ai Lability
$ IOg000,o00
Fled M pmm;c
S 1,000,000
Peesonat mury
$ 25.800,000
T t49umlriabilay
s S,owo00
Promise¢ Helical Payments:
$ Low
Cargo legal usbmy
5 400,OW
F Legaluabuity
$ 100,000
war Risk
$ Not lucladedlpaJimed
Teeoriam Coverage
$Nw lac4sdad/De wed
U
_.... .
JON 07 2005 3:90 PM FR SARGENT TYLER o- WE6T866 9333 TO I7009954996
Bangor lnvananonal Aiepoct
8 Eto&N and Complrled operwams
❑
Sak NIRM liactuR
❑
sakofusm Aitcn0
❑
Haelselea
❑
sign NBsd =um
❑
Pufs wudkd
❑
Peva Not udlei
❑
Service&Repair
❑
Cargo Hauling
❑
Runway Painting
G HaagarkeepersLegal liabiDry
D. Non Onae lapliability
E. Fetlmv Employee Bachsion La Not DRbned
5100,00D,000 Bach Occmttnce/Aggtcgete
$ lcludcd
$ L Iudcd
$ Lnahaed
$ mold e
3 Included
S Included
3 Landed
$ h ded
S Laluded
$100,000,00DBah Airora t
$ 100,000.00DPaeb Oocvrsma
s SO,OW llxductible
$IAMJDDDP Ocemreaa
A. Pnmi &Opwadoms
Rau
FlmRah
)Oolvded
hdepeadmi Commaemm
Rmc
Flm Rate
Laludcd
contmemali.$abiliry
Rmc
Flat Rate
Netaded
Personalhjn uabwty
Rate:
Flat Ra
melded
F1' R' Legal Uabll
Rate:
FUtROte
la6hdY
B. Prodawa and completed OPmmhas
Rage:
matRme
rncluded
❑ Sale OPNew Ah
Rate:
Hat Ram
Included
❑ Sale Of Ue A FA
Race:
Hm Ante
L Iudm
❑ Fuelsmea
Rate:
Plat Rare
hehded
❑ Sign Miedhecdm
Rare:
Flu Rate:
&clnded
❑ Pane nxUnd
Rate:
Hat Raze:
Included
❑ Pazre Not Inaulkd
Rme:
SURM;
heRded
❑ Service &Reps
Rma
Flm Rate:
Ncluded
❑ cargo Hauling
Rau
Plat Rate.
Included
P.03 0$-232
JUN 07 2005 3:00 PM FR SARGENT TYLER & WESTS46 9333 TO :7009454496 P.04 05-232
Page.3.
Hmgtarbeematiaval
C.
Hangzrkeepmu Legal Liability
Rate:
flat Ruh:
Mcluded
D.
Non Owaasbip Liability
Rate:
Flat Razz,
leciuded
Dedoctlbhs: $50.000 finch& Every Occutaeime
Mow Deductible AMe&ute
Annual Premium: $165,450 A10 Aviation, Inc.
5163,M Global Aemspsco
C ttOael Term & Cons i4ons:
CentrxttP d. 'riecoohaRpedod shaft be fiero ofroIY 5
0uough 0'1/012006
Payment Schedule $emiamuatpaymema with 509e dueazio[epaoq
Aud 50% due lamiary 1, 2006
PteIDlum: Tke tool lsemium charged is un a Ax rate perfhe
uuawary pages. The mmunl. premium is based upon
Receipts supplied by RIA mamgrmaM, ands not
sabyact m At smuel audit.
tb
*4 TOTAL PAeE.04 +M