4.02 4.2
INSURANCE\Insurance Agent for 2022-23—Renewal for Marshall&Sterling-Trident-Argonaut—6-27-2022
RESOLUTION AUTHORIZING MARSHALL & STERLING UPSTATE,
INC. TO RENEW TOWN OF QUEENSBURY INSURANCE COVERAGES
EFFECTIVE JULY 1, 2022 -JUNE 30, 2023
RESOLUTION NO.: 12022
INTRODUCED BY:
WHO MOVED FOR ITS ADOPTION
SECONDED BY:
WHEREAS, by Resolution No.: 221,2021, the Queensbury Town Board authorized
Marshall & Sterling Upstate, Inc., to renew insurance coverage, including the Town's Public
Officials' Liability Coverage, for the Town of Queensbury from Trident/Argonaut Ins., Cyber
Liability coverage from CRC/CFC — Lloyd's of London and Pollution Liability coverage from
Chubb effective July 1st, 2021 —June 30th, 2022, and
WHEREAS, the Town Board wishes to authorize the renewal of insurance coverages
including the Town's Public Officials' Liability Coverage with Trident/Argonaut, Ins., Cyber
Liability coverage from CFC/Lloyd's of London and Pollution Liability coverage from Chubb
effective July lst, 2022 —June 30th, 2023, in accordance with Marshall and Sterling Upstate, Inc.'s
June 2022 Proposal,
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 coverages including the
Town's Public Officials' Liability Coverage for the Town of Queensbury from Trident/Argonaut,
Ins., Cyber Liability coverage from CFC/Lloyd's and Pollution Liability coverage from Chubb in
accordance with Marshall and Sterling Upstate, Inc.'s June 2022 Proposal, effective July 1st, 2022—
June 30'', 2023, and
BE IT FURTHER,
RESOLVED,that the Town's Public Officials' Liability Coverage shall constitute the Town
Officials' annual blanket public undertaking, thereby meeting the requirements of New York State
Town Law and Public Officers Law §11(2), and such undertaking shall be filed in the Town Clerk's
Office, and
BE IT FURTHER,
RESOLVED, that the Town Board further authorizes and directs the Town Supervisor to
execute any and all documentation to effectuate such renewals/insurance coverage and the Town
Supervisor and/or Town Budget Officer to take any actions necessary to effectuate the terms of this
Resolution.
Duly adopted this 27 h day of June, 2022, by the following vote:
AYES
NOES
ABSENT:
r
Named Insured: Town of QueensburX
Proposed Coverage Date: 7/l/2022
Proposal Expires On: 7/l/2022
Propbsed,,Carrier
Ex'piring.Carrieri Admit Proposed,
'Policy1e "AWY Premium'.M.-Best,11atingPremium
Package Trident/Argonaut Ins. Yes $87,592.56 Trident/Argonaut Ins. Yes $106,308.50
Business Auto Trident/Argonaut Ins. Yes $74,569.00 Trident/Argonaut Ins. Yes $82,996.00
Public 'Trident/Argonaut Ins. Yes $7,788.00 Trident/Argogaut Ins. Yes $7,550.00
Official/EPLI
Owner
Contractor Trident/Argonaut Ins. Yes $200.00 Trident/Argonaut Ins. Yes $200.00
Protective
Umbrella Trident/Argonaut Ins. Yes $15 885.00 Trident/Argonaut Ins. Yes $16,991.00
Sub-Total: $186,034.56 Sub-Total: $214,045.50
C ber Liability Ascent/Lloyds No $15,046.65 CFC/Lloyd's No $20,390.81
Pollution Chubb Ins. No $7,372.00 Chubb No $7,372.00
Crime Travelers Ins Yes $3,899.00 Travelers Ins Yes $3,954.00
Premium Totals $212,352.21 Premium Totals: $245,762.31
Subject To: Signed Forms—Cyber Total Cost Form,Proposal Summary Acceptance
**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: X
Authorized Signature Date