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Home My WebLink About1999-06-14 99-213 ORDERDate: June 14, 1999 Rem/Subjer Order, Awarding Bid par Airport Liability Insurarroe to Great American Insurance tamps" Responsible Department: Airport The pry of Bangor periotlicelly takes bids on General liability Insurance for the Bangor International Airport Tris year, taro quotes were received: one from Great American Insurance, our anent center, atm a second from AIG Aviation. the Grant American quote was B2,eo0 higher. However, AMG requires, in scant an W the pramium,a$300 par damn fee for sediN up a calm file. When Mese costs are included, we believe that Great American is the lower cart option. In addition, we have received excellent service from Great American, IoM at the Airpart and Mroughout the Co. The staff recommendation is to awaN this Intl to Gnat American. This was rEvkwed by the Finance Committee, which also recommends your approval. DepemtMM Hand Manager's Comments: Recommend approval aux CRY Manager Associated Information: Leger from Own We, quatetiana finance Director Legal Approval: City ori X Passage uced X M _Refe Reading page of Referral AsnigmibComwilar Paler June 14. 1999 CITY OF BANGOR (TITLE.) Order, Awarding Bid for Airport Liability Lrturance m Creat American Inwnance Company. By the oty faunal of Me Ery ofRangw.. ORDERED, THAT the quotation received from Great American Inwmnce Company to provide liability insurance for the Bangor Irtemadonal Airport at a premium of $102,600 is hereby accepted. IN cin C4MMCIL ]uve 16. 1999 Passed 99-213 ORDER T de,Avardiag Bid for Airport Liability Loa aee togreat Aueticau I9suraoee Coopmy1� � e'� Assigned W I a&j,\ CBYRCNCt 99-213 ARGENT YLLR EST INSURANCE SINCE 1869 10 IN STREET SUO�Box tee BREWER . MAINE .04112H188 TELEPHONE 9899381 FAX 4 t89-7383 May 26, 1999 Ms. Penelope Olson Finance Director Bangor International Airport _ 297 Godfrey Blvd. Bangor, ME 04401 Dear Penelope, - - I was able to obtain quotes brain two markets this year through Great American Insurance Company, and AIG Aviation, Inc. for the upcoming Airport Liability Policy effective 07/01/99 - 07/01/00. I also requested a quote from Associated Aviation Managers, who failed to offer a quotation this year. Both quotes are very close in premium with Great American Insurance Co. quoting $2,600 higher. However, AIG Aviation has a self insured retention program that bills the insured - for setting up a file every time a claim occurs, which works out to $300 per claim. Based on past loss history, it does not take long to make up the difference, handling the nuisance claims which arise each year. Great American does not charge for this. I have included a synopsis ofwverages and premiums from both markets. Pleasereview them, and then let me know what direction you wish to pursue for the upcoming renewal at 1-800-262-5247, Ben Regards, Owen Cole Sargent Tyler & West GOC/em Enclosures Aviation Dinision Post Otlic- PON To-. Sca boor a lu \IE 04070-049' SOW IN' _-5'4' Phone - 207 853-1 302 Fa.v 99-213 `3(L May 26, 1999 To: Bangor International Airport Re: Renewal Quotes For Bangor International Airport Effective 07/01/99 - 07/01/00 From: Owen Cole/Sargerq Tyler & West Coverages: Great American Insurance Company A. Commercial General Liability Coverage Premises & Operations $ 100,000,000 Per Occurrence Limited Liability In Passenger Terminal Buildings, Sidewalks, Roads, Or Pecking Areas Located On The Airport $ 300,000 Per Occurrence Elevators Escalators Independent Contractors Contractual Liability Medical Malpractice $ 25,000,000 Sign Misdreinam S 25,000,000 Personal Injury $ 25,000,000 Aggregate Host Liquor Liability $ 25,000,000 Aggregate Premises Medical Payments $ 1,000 Each Person $ 10,000 Each Occurrence Cargo Legal Liability, $ 400,000 Fire Legal Liability $ 100,000 99-213 3 Page-2- BangorInternational Airport B. Products & Completed Operations $ 10,000,000 Aggregate ♦ Sale Of New Aircraft $ If Any Rate: ♦ Sale Of Used Aircraft $ If Any Contractual Liability: ♦ Fuel Sales S 4,900,000 Included ♦ Pairs Installed S 11,000 Flat Rate Premium: ♦ Parrs Not Installed $ If Any Rate: ♦ Service & Repair S 90,600 B. Products & Completed Operations: ♦ Cargo Hauling S 20,000 Included C. Hangarkeepers Legal Liability $ 100,000,000 Each Aircraft Included $ 100,000,000 Each occurrence Flat Rate Premium: $ 50,000 Deducible D. Non Ownership Liability $ 100,000,000 Per Occurrence Seats No Limitations Rate: Flan Rate Premium: B. Fellow Employee Exclusion is Not Deleted Premium A. Premises & Operations: Rate: Flat Rate Premium: Included Independent Contractors: Rate: Flat Rate Premium: Included Contractual Liability: Raze: Flat Rate Pravium: Included Personal Injury Liability: Rate: Flat Rate Premium: Included Fite Legal Liability: Rate: Flat Rate Premium: Included B. Products & Completed Operations: Rate: Flat Rate Premium Included ♦ Sale OfNew Aircraft Rate: Flat Rate Premium: Included ♦ Sale Of Used A6aaft Rate: Flat Rate Premium: Included ♦ Fuel Sales Raze: Flat Rate Premium: Included Pans Installed Rate: Flan Rate Premium: Included ♦ Pans Not Installed Rate: Flat Rate Premium: Included ♦ Service & Repair Rate: Flat Rate Premium: Included 4 Cargo Hauling Rate: Flat Rate Premium: Included 99-213 �5% Page -3- BangorInternational Airport C. Hangarkeepem Legal Liability Rate: Flat Rate Prendum: Included D. Non Ownership Liability Rate: Fiat Rate Premiom: Included Deductibles: S 50,W0 Each& Every Occurrence $ 50,000 Deductible Aggregate Annual Premium: S 102,600 Total Annual Premium Contract Term & Conditions: Contract Period The contract period will be from 0]/01/99 through 0101100 Payment Schedule: GAIC providesa sew annual payment plan with 50°/a due at inception, and 500/6 due in January 2000. Premium: The total premium is charged on a flat rate per the coverage page. The annual premium is based upon receipts supplied by BEA management, and will not be subject to an annual audit. Cancellation: This policy will not be canceled, have as coverage reduced, non renewed, or have a change in its rating pian and at'least 90 days of advance written notice of cancellation is issued. Notice of cancellation will be included on every policy, Notice CdCancellation for non payment of premium limited to 10 days. May 26,1999 To: Bangor Intenational Airport' Re: Renewal Quotes For Bangor lrrlerratioral Airport Effective 07/01/99 - 07/01/00 From: Owen Cole/Sargent Tyler & West Coverages: AIG Aviation, Inc. A. Commercial General Liability Coverage Premises&Operators $1OQ000,000 Per Occurrence Limited Liability In Passenger Terminal Buildings, Sidewalks, Roads, Or Parking Areas Located On The Airport $ 300,000 Per Occurrence Elevators Escalators Independent Contractors Contractual Liability Medical Malpractice S 25,000,000 Sign Misdirection S 25,000,000 Personal Injury $ 25,000,000 Aggregate Host Liquor Liability $ 25,000,000 Aggregate Premises Medical Payments $ 1,000 Each Person $ 10,000 Each Occurrence Cargo Legal liability $ 400,000 Fine Legal Liability S 100,000 89-213 n J Page -2 - Bangor International Airport B. Products At Completed Operations $100,000,000 Aggregate At Sale OfNew Aircraft S If Any Rate: ♦ Sale OfUsed Aircraft $ if Any Commensal Liability: ♦ Fuel Sales $ 4,900,000 Included ♦ Parts Installed $ 11,000 Flat Rate Premium: ♦ Parts Not Installed $ If Any - ♦ Service & Repair $ 90,600 B. Products & Completed Operations: ♦ Cargo Hauling $ 20,000 Included C. Hangarkeepers Legal Liability $ 100,000,000 Each Avcraft Included $100,000,000 Each Occurrence Flat Rate Premium: -S 50,000 Deductible D. Non Ownership Lability $100,000,000 Per Occurrence Sears No Limitations Rate: Fla Rate Premium: E. Fellow Employee Exclusion is Not Deleted Premium A. Premises & Operations: Rate: Flat Rate Premium: Included Independent Contractors: Rate: Flat Rate Premium Included Commensal Liability: Race: Flat Rate Premium: Included Personal Injury L'abJity: Rate: Flat Rate Premium: Included Fre Legal Liability: Rate: Flat Rate Premium: Included B. Products & Completed Operations: Rate: Flat Rate Premium: Included ♦ Sale OfNew Aircraft Rate: Plat Rate Premium: Included ♦ Sale Of Usarl Aircraft Rate: Flat Rate Premium: Included ♦ Fuel Sales Rate: Flat Rate Premium: Included ♦ Parts Installed Rate: Fla Rate Premium: Included ♦ Parts Not Installed Rate: Flat Rate Premium: Included ♦ Service & Repair Rate: Flat Rate Premium: Included 4 Cargo Hauling Rate: Flat Rare Premium: Included Page -3- Bangor International Airport C. Hangarkeepers Legal Liability Rate: Flat Rate Premium: Ireluded D. Non Ownership Liability Rate: Flat ]tate Premium: Included Deductibles: S 50,000 Each& Every Occurrence S 50,000 Deductible Aggregate Annual Premium: S 100,000 Total Annual Premium Contract Tenn & Conditions: Contract Period The contract period will be from 07/01/99 througfi 07/01/00 Payment Schedule: AIG provides a semi annual payment plan wfth 50% due at inception, and 50% due in January 2000. premium The total premium is charged on a flat rate per the coverage page. The amoral premium u based upon receipts supplied by BIA management, and will not be subject to an annual audit. Cancellation: This policy will not be canceled, have its coverage reduced, non renevred, or have a change in its raring plan until at leas90 days of advance written notice of cancellation is issued. Notice of cancellation will be included on every policy, Notice Of Cancellation for non payment of premium limited to 10 days.