3.07 3.7
INSURANCE\Insurance Agent for 2017-18–Renewal for Marshall&Sterling-Trident-Argonaut—6-19-17
RESOLUTION AUTHORIZING MARSHALL & STERLING UPSTATE,
INC. TO RENEW TOWN OF QUEENSBURY INSURANCE COVERAGE
WITH TRIDENT/ARGONAUT AND CYBER INSURANCE COVERAGE
WITH ASCENT/LLOYDS
RESOLUTION NO.: ,2017
INTRODUCED BY:
WHO MOVED FOR ITS ADOPTION
SECONDED BY:
WHEREAS, by Resolution No.: 217,2016, the Queensbury Town Board authorized
Marshall & Sterling Upstate, Inc., to renew insurance coverage for the Town of Queensbury
effective July 1", 2016 — June 30th, 2017 from Trident/Argonaut and to renew cyber-coverage for
the Town from Ascent CyberPro, and
WHEREAS, the Town Board wishes to authorize the renewal of insurance coverage with
Trident/Argonaut, and the renewal of cyber-coverage from Ascent/Lloyds, effective July lst, 2017—
June 30th, 2018, in accordance with Marshall and Sterling Upstate, Inc.'s Renewal Proposal dated
6/8/2017 presented at this meeting,
NOW, THEREFORE, BE IT
RESOLVED, that the Queensbury Town Board hereby authorizes and directs the Town
Budget Officer and Marshall & Sterling Upstate, Inc., to renew insurance coverage for the Town of
Queensbury effective July 15t, 2017 — June 30th, 2018 from Trident/Argonaut and to renew cyber-
coverage for the Town from Ascent/Lloyds in accordance with Marshall and Sterling Upstate, Inc.'s
Renewal Proposal dated 6/8/2017 substantially in the form presented at this meeting, and
BE IT FURTHER,
RESOLVED, that the Town Board further authorizes and directs the Town Supervisor to
execute such Renewal Proposal and any other documentation, and the Town Supervisor and/or
Town Budget Officer to take any actions necessary to effectuate the terms of this Resolution.
Duly adopted this 19th day of June, 2017, by the following vote:
AYES :
NOES :
ABSENT:
0
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The abbreviated outline of insurance coverage contained in this proposal is not intended to express any legal opinion as to the nature of coverage. The
abbreviated summary of insurance coverage set forth in this proposal is subject to all of the teens,conditions,exclusions and limitations of the
policyres)in current use by the insurance companyres)Listed for the summarized coverage. In order to fully understand the terms, conditions,
exclusions and/imitations of the insurance po/icy(ies)referred to in this proposal,you should request and review a specimen copy of die polies).
•
ABOUT Us
Marshall & Sterling, Inc. is a full service, employee-owned insurance and risk management agency. As one of the
largest privately held independent agencies in the nation, Marshall& Sterling, Inc. provides a wealth of insurance,
risk management, group benefits and financial services to our valued clients.
• Founded in 1864 by Joseph Marshall &Graham Sterling
• Licensed in all states
• An employee-owned company since 1977
• Total written premiums in excess of$560 million
• The 33rd largest privately held insurance agency in the United States*
• 420 Insurance Specialists throughout New York State, California, Florida,Michigan,Virginia and the U.S.
Virgin Islands
• Nationally recognized for exceptional service and Best Practices
• Representing more than 200 of the nation's leading carriers, as well as a direct relationship with Lloyds of
London
• Insuring client operations both domestically and throughout the world
*Source: 2015 Insurance Journal Ranking
A WORD FROM OUR CHAIRMAN
The key to Marshall & Sterling's dramatic success, especially during the past quarter century, is our staff. Our
associates' credentials exceed industry expectations, and we encourage people to attain the industry's respected
designations of CIC, CPCU, CISR, and others. We even subsidize their course work.
We also encourage bright, competent men and women to build their careers with us by offering competitive
compensation, a pleasant work environment, and an employee stock ownership plan that gives every associate a
stake in the success of our company.
This pride in our work is your assurance that every proposal from Marshall & Sterling is put together by a team of
creative, experienced insurance professionals whose goal is to protect your business, personal assets and well-being
in the most efficient and cost-effective way possible. Now, as from our founding in 1864, we base every decision
on what is best for our clients. Marshall & Sterling is just the right size to do this: big enough to carry weight with
international and national insurers, yet small enough to be responsive to each and every client. Plus, our size and
stability give us the security to look out for your interests at all times, because in the long run,that's what's best for
our business too.
O:S4a
Chairman of the Board
Proposal of Insurance 6/8/2017
SERVICE TEAM
Ken W. Grey, CIC, CRM, MBA
Vice President-Branch Manager
Phone: (518)943-3900 x1017
Email: kgrevna,marshallsterling.com
Mary Lou Weil,ACSR
Customer Service Representative
Phone: (518)587-1342 x1063
Email: inweilaimarshallsterling.com
Karen Lockrow
Claims Manager
Phone: (518)587-1342 x1043
Email: klockrow@marshallsterling.com
Proposal of Insurance 6/8/2017
Named Insured: Town of Queensbury
Proposed Coverage Date: 7/1/2017
Proposal Expires On: 7/1/2017
' Proposed Carrier
Expiring:Carrier Name/ Admit Expiring Name/ Admit Proposed
Policy Type _ A.M.Best Rating in NY Premium A.M.,Best Rating;.. IgNY Premium
Package Trident/Argonaut Ins. Yes $74,051.42 Trident/Argonaut Ins. Yes $70,672.92
Business Auto Trident/Argonaut Ins. Yes $61,966.00 Trident/Argonaut Ins. Yes $57,922.00
Public Trident/Argonaut Ins. Yes $7,637.00 Trident/Argonaut Ins. Yes $7,648.00
Ocial/EPLI
Owner
Contractor Trident/Argonaut Ins. Yes $200.00 Trident/Argonaut Ins. Yes $200.00
Protective
Umbrella Trident/Argonaut Ins. Yes $16,363.00 Trident/Argonaut Ins. Yes $14,886.00
Cyber Liability Ascent/Lloyds No $12,292.74 Ascent/Lloyds No $10,855.39
Total Premium $172,510.16 $162,184.31
Subject To: Signed Proposal
`*Terrorism coverage must be accepted or declined prior to binding of policy.
**Higher limits of liability may be available to you. If you would like a quotation for higher limits,please
let us know.
**Coverages described on the Coverage Options Available page may be available for an additional
premium after completing additional applications.
Proposal accepted as presented:
Authorized Signature Date
Proposal accepted as amended per changes noted on pages:
Authorized Signature Date
Proposal of Insurance - 6/8/2017
�I,OCATION SCHEDULE STATEMENT OF VALUES
Property Limits';
Location Address Building Content Total Value
1 1 Pavilion W/S Big Boom Road Queensbury NY $43,426 $0 $43,426
1 2 Hexagon Pavilion W/S Big Boom Road Queensbury NY $7,169 $0 $7,169
2 1 Water Tank West Mountain Road Queensbury NY $657,965 $0 $657,965
3 1 Storage Building 195 Sunnyside Road Queensbury NY $611,898 $41,451 $653,349
4 1 Water Tank 284 Queensbury Road Queensbury NY $1,039,587 $0 $1,039,587
5 1 Storage Building 21 Lafayette Street Queensbury NY $5,200 $0 $5,200
5 2 Gazebo 21 Lafayette Street Queensbury NY $20,800 $0 $20,800
6 1 Crematorium 51 Quaker Road Queensbury NY $265,159 $8,553 $273,712
7 1 Pump Station Queensbury Avenue a the Queensbury NY $275,393 $0 $275,393
Airport
8 1 Pump Station Weeks Road Queensbury NY $257,924 $0 $257,924
9 1 Pump Station Route 9 at Great Escape Queensbury NY $545,293 $0 $545,293
10 1 Wastewater Pump Stone Quarry Road Queensbury NY $576,499 $0 $576,499
Station
11 1 Kisok Corner of Main St&Media Queensbury NY $10,400 $0 $10,400
Drive
12 1 Park&Ride Media Drive next to EMS Queensbury NY $26,000 $0 $26,000
Shelter Station
13 1 Garage/Shed 118 Gurney Lane Queensbury NY $52,000 $0 $52,000
Total $50,724,923 $927,059 $51,651,982
Values
Refer to Coverage Outline Spreadsheet for specified coverage details.
Proposal of Insurance 6/8/2017
COMMERCIAL PROPERTY
Standard Coverage Limit
Building $50,724,923
Contents $ 927.059
Total Insured Values $51,651,982
Loss Limit No
Blanket Limit Applies
Cause of Loss Special Form
Co-Insurance Agreed Amount
Deductible $ 2,500
Valuation Replacement Cost
Equipment Breakdown
Total Insured Value $51,651,982
Deductible $ 2,500
Earthquake Limitation $5,000,000
Deductible $ 50,000
Flood Exclusion-Amendment $5,000,000
Deductible $ 50,000
Inland Marine/Equipment
Hired, Leased, Borrowed $ 235,000
Misc.Scheduled $3,422,852
Deductible $ 500
Misc. Unscheduled $ 100,000
Deductible $ 1,000
Proposal of Insurance 6/8/2017
COMMERCIAL AUTOMOBIL
Liability Coverage Limit Symbol #
Liability—Combined Single Limit $ 1,000,000 1
Deductible None
Basic Personal Injury Protection $ 50,000 5
Additional Personal Injury Protection $ 100,000
Uninsured Motorist-SUM $ 1,000,000 6
Underinsured Motorist-SUM $ 1,000,000 6
NY OBEL $ 25,000
Hired and Non-Owned $ 1,000,000
NY Mutual Aid Endorsement included
NY Mobile Equipment included
NY Replacement Cost Endorsement Per Schedule
Physical Damage Deductible Valuation
Comprehensive $ 500 ACV—86 Units
Comprehensive $ 500 RC—11 Units
Collision $ 500 ACV-86 Units
Collision $ 500 RC—11 Units
Auto Symbol(s):
(01)Any Auto
(02)All Owned Autos
(03)Owned Private Passenger Autos
(04)Owned Autos other than Private Passenger
(05)All Owned Autos Which require No-Fault Coverage
(06)Owned Autos Subject to Compulsary UM Law
(07)Autos Specified on Schedule
(08)Hired Autos
(09)Non-Owned Autos
Proposal of Insurance 6/8/2017
COMIMERCIAL LIABILITY
General Liability Schedule Limit
Occurrence Form
General Aggregate $3,000,000
Products/Completed Operations Aggregate $3,000,000
Bodily Injury/Property Damage $ 1,000,000
Personal Injury&Advertising Injury $ 1,000,000
Damages to Premises rented to you $ 100,000
Employee Benefits($1,000 deductible) $ 1,000,000
Cemetery Professional Endorsement included
Law Enforcement Endorsement-Courts included
Day Care, Day Camp,Nursery or similar included
Public Water Utility included
Sewer System included
Public Officials (including Employment Practices)
Claims Made Form—Retroactive Date: 10/01/1994
General Aggregate $3,000,000
Per Wrongful Act $ 1,000,000
Per Employment Related Wrongful Act-Aggregate $3,000,000
Per Employment Related Wrongful Act $1,000,000
Wages $ 50,000
Deductible $ 10,000
Owners, Contractors, Protective
NYS DOT—Work Permits
General Aggregate $2,000,000
Each Occurrence $ 1,000,000
Excess Liability— Umbrella
General Aggregate $10,000,000
Each Occurrence,Offense,Accident, or Wrongful Act $10,000,000
Underlying liability schedule
General Liability
Public Officials Liability
Automobile Liability
Proposal of Insurance 6/8/2017
(BINDING REQUIREMENTS
Itefns needed to Band
I. Signed Proposal Summary
2. Signed SUM form
3. Signed Terrorism form
4. Signed Total Cost Form—Cyber Liability
5.
Proposal of Insurance 6/8/2017