3.03 3.3
INSURANCE\Insurances 2024-25—Including Public Officials Liability-Marshall&Sterling—NYMIR Travelers Chubb-7-1-2024
RESOLUTION AUTHORIZING MARSHALL & STERLING UPSTATE TO
OBTAIN TOWN OF QUEENSBURY INSURANCE COVERAGES
EFFECTIVE JULY 1, 2024 -JUNE 30, 2025
RESOLUTION NO.: 12024
INTRODUCED BY:
WHO MOVED FOR ITS ADOPTION
SECONDED BY:
WHEREAS, the Queensbury Town Board wishes to authorize the Town Budget Officer and
Marshall & Sterling Upstate, Inc., to obtain the Town's insurance coverages, including the Town's
Public Officials' Liability coverage, from the New York Municipal Insurance Reciprocal
(NYMIR), Travelers and/or Chubb effective July lst, 2024 — June 30t', 2025 in accordance with
Marshall and Sterling Upstate, Inc.'s 6/18/2024 Proposal/Premium Summary,
NOW, THEREFORE, BE IT
RESOLVED, that the Queensbury Town Board hereby authorizes and directs the Town
Budget Officer and Marshall & Sterling Upstate, Inc., to obtain the Town's insurance coverages
including the Town's Public Officials' Liability coverage from the New York Municipal Insurance
Reciprocal (NYMIR), Travelers and/or Chubb effective July 1st, 2024— June 30t', 2025 in
accordance with Marshall and Sterling Upstate, Inc.'s 6/18/2024 Proposal/Premium Summary, 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/Deputy Supervisor to execute any and all documentation to effectuate such
renewals/insurance coverage and the Town Supervisor/Deputy Town Supervisor and/or Town
Budget Officer to take any actions necessary to effectuate the terms of this Resolution.
Duly adopted this I"day of July, 2024, by the following vote:
AYES
NOES
ABSENT:
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INSURANCE
Our People Are Your Best insurance
www. marshallsterling- com.toleeds
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A word from our chairman,
Thank you for considering Marshall & Sterling as your broker of record. Our goal is to provide our clients with the
protection they need for their businesses and personal assets_
Founded in 1864, Marshall & Sterling Insurance is currently ranked 32nd among more than 40,000 privately held
insurance agencies in the United States, with total annual written premiums in excess of $lbillion. '
A 100% employee-owned company, Marshall & Sterling has been recognized for exceptional insurance services
throughout the nation and remains closely tied to the communities it serves. The company is a "Best Practices
Agency" and is ranked among the top performers in the annual Best Practices Study conducted by the Independent
Insurance Agents & Brokers of America (IIABA or the Big "I") and Reagan Consulting,.
Representing more than 200 national and international insurers, including Lloyds of London syndicates, we bring our
clients the breadth of options of a large agency, with the personal care of a local firm.
The difference between Marshall & Sterling and other agencies is our 550 insurance specialists, working throughout
New York, California, Florida, Michigan, Virginia and the U.S. Virgin Islands. Our associates' credentials exceed
industry requirements and we encourage and support our people attaining additional designations, including their
CIC, CPCU, CISR and others.
Our associates build long-lasting careers at Marshall & Sterling because of our highly competitive compensation
plans, employee stock ownership, flexible work environments and an engaging workplace. Their pride in working
here is your assurance that your company will receive the right coverage and superior customer service.
Thank you again for considering us for your broker of record. We look forward to serving you and your organization
for all of your insurance and employee benefits needs.
Tim Bean, CIC
Chairman of the Board
Proposal of insurance 6/19/2024
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Ken Grey, CIC, CRM, MBA
Senior Vice President
Phone: 518-943-3900 x1017
Email: kgrey@)marshaIlsterlingc.com
Jessica Vespucci
Customer Service Representative
Phone: (518)943-3900 x1012
Email: jespucci '_,)marshallsterling,eom
Karen Lockrow
Claims Service Representative
Phone: (518)384-1100 x1043
Email: klockrow(?,Drnarshallsterling.com
Proposal oflnsurance 6/18/2024
op
Named Insured: Town of Queensbury
Proposed Coverage Date: 711f2024
Property NYMIR Y 560 599.00 NYMIR Y $75 603.00
General Liability NYMIR Y $130 821.90 NYMIR Y $140 43.00
Inland Marine NYMIR Y *S34 645.60 NYMIR Y $33 953.00
Law Enforcement NYMIR Y $1 722.60 NYMIR Y $1 762A0
Public Officials NYMIR Y $24 22530 NYMIR Y $24 088.00
Business Auto NYMIR Y *$97 924.20 NYMIR Y $97 466.00
Umbrella NYMIR Y $29 71.10 NYMIR Y 532 026.00
Owner Contractor Protective NYMIR Y $275.00 NYMIR Y $275.00
5405 16.00
NYS DMY $231.69 $236.48
NY Fire Free s1 050.00 $1 020.00
NYMIR Total S380w866.39 $406 772.48
Crime & Cyber Liability Travelers Y $20 791.00 Travelers Y 522,414.00
Pollution Chubb N **$7 489.00 Chubb N **$8 127.67
Total Premium 5409414639 5437,314.15
Subject To- Signed Marshall & Sterling Proposal & TRIA form on page 58
*Annualized Premium to reflect midterm endorsement
** Pollution premium above is 1 year premium- total 3 year renewal premium $23,222 + $ 1 ,161 .00 Terrorism= $24,383.00
Chubb has removed the landfill and gravel pit from covered locations. They also added an exclusion for landfill coverage
through the attached updated Public Entity endorsement
Option for Cyber:
0Yes 0 No Increase Dependent Business Interuption to $1,000,000 from $100,000 additional premium $919
**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.
Proposal accepted as presented:
Authorized Signature Date
Proposal accepted as amended per changes noted on pages.
Authorized Signature Date
Proposal of insurance 3 6/18/2024
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New York Municipal Insurance Reciprocal
MUNICIPAL INSURANCE PROPOSAL
Prepared far. Town of Oueensbury
Presented by: Marshall & Sterling Upstate Inc.
Quote Number: 0A2617
Policy Term: 07/01/2024 to 07/01 /2025
Date of Quote Issuance: 06/17/2+024,
SUMMARYPREMIUM
COMMERCIAL PROPERTY $ 66,951
EQUIPMENT BREAKDOWN $ 8,652
INLAND MARINE $ 33,953
CRIME AND FIDELITY $ Not Quoted
COMMERCIAL GENERAL LIABILITY $ 1140,343
CYBER LIABILITY $ Not Quoted
LAW ENFORCEMENT LIABILITY $ 10762
PUBLIC OFFICIALS LIABILITY $ 240088
TOTAL. QUOTED PREMIUM $ 2750749.00
POLICY
FIRE FEE $ 236-48
TOTAL QUOTED ANNUAL POLICY PREMIUM (INCLUDING FEES): $ 275,985.48
NOTE, DESCRIPTIONS OF COVERAGE IN THIS DOCUMENT HAVE BEEN SIMPLIFIED AND ARE SUBJECT TO THE
COVERAGE OFFERED AND THE COMPLETE INSURANCE POLICY TERMS AND CONDITIONS. IN THE EVENT OF A
DISCREPANCY BETWEEN THIS PROPOSAL AND THE ACTUAL POLICY OF INSURANCE ISSUED INCLUDING
SUBSEQUENT POLICY ENDORSEMENTS, THE COMPLETE INSURANCE POLICY SHALL BE THE GOVERNING
DOCUMENT.
THIS QUOTE WILL EXPIRE 45 DAYS FROM THE DATE OF ISSUANCE OR ON THE PROPOSED
EFFECTIVE DATE, WHICHEVER IS EARLIER.
Spoo rcd by:
�T 90O Stewart Avenue, Suite 600 12 Metro Park Road
® W5 Garden City, New York 1 1530 Colonie, NY 12245 1138
Anks Wro"'.t (516) 227-2120, FAX 227-2352 (518) 437-1171
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