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4.11 A 1� 4.11 INSURANCE\Traverls-Crime Renewal for 2022—2025- l 1-l-2021 RESOLUTION AUTHORIZING RENEWAL OF CRIME INSURANCE CONTRACT WITH TRAVELERS CASUALTY AND SURETY COMPANY OF AMERICA FOR 2022 - 2024 RESOLUTION NO. ,2021 INTRODUCED BY: WHO MOVED FOR ITS ADOPTION SECONDED BY: WHEREAS, the Town of Queensbury previously entered into an agreement for crime insurance with Travelers Casualty and Surety Company of America(Travelers), and WHEREAS, the Town Board wishes to authorize a crime insurance renewal contract with Travelers for the years 2022 through 2024, NOW,THEREFORE, BE IT RESOLVED, that the Queensbury Town Board hereby authorizes a crime insurance renewal contract effective January 1, 2022 for the years 2022 through 2024 with Travelers Casualty and Surety Company of America (Travelers) in accordance with Travelers' October 25, 2021 proposal of insurance 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 any contracts and documentation and the Town Supervisor and/or Town Budget Officer to take such other and further action necessary to effectuate the terms of this Resolution. Duly adopted this I`day of November, 2021,by the following vote: AYES NOES ABSENT: A TRAVELERS J Wrap+:R> Bridget A Ciulla PO Box 2950 Hartford,CT 06104-2950 Phone: (518)454-4903 Email: BCIULLA@travelers.com October 25,2021 MARY WEIL MARSHALL&STERLING UPST 300 RTE 23B LEEDS, NY 12451 RE: Insured Name: TOWN OF QUEENSBURY 742 BAY ROAD QUEENSBURY, NY 12804 Expiring Policy Number: 107022525 Policy Period: January 1,2022 to January 1,2025 Dear MARY WEIL: On behalf of Travelers Casualty and Surety Company of America we are pleased to provide the attached proposal of insurance for your review. The quotes contained in this document are valid for 30 days,and are subject to the provision of,and Travelers'review and acceptance of,the required underwriting information noted in the Contingencies section. Travelers reserves the right to change the quotes in this document,or to refuse to bind coverage entirely,based on review of the required underwriting information or based on adverse change in the risk(s)to be insured prior to the quote expiration date noted in this document. Please note that we require a response to this document within 30 days in order to facilitate policy renewal. The insured's current policy will expire and not be renewed in the absence of a request,and Travelers'agreement,to bind coverage. Travelers is pleased to offer Risk Management PLUS+ Online®, the industry's most comprehensive program for mitigating your management liability exposures, which is available to you at no additional cost. Please visit www.rmplusonline.com to view the services that are available. If you have additional questions about the site please contact your Underwriter. Travelers Casualty and Surety Company of America, a subsidiary of The Travelers Companies, Inc., has consistently earned high ratings for financial strength and claims-paying ability from independent rating services, including a current A.M. Best rating of A++*. Founded in 1853,The Travelers Companies, Inc.is a Fortune 500 company,a component of the Dow Jones Industrial Average,and a leading provider of property casualty insurance for businesses. Thank you for considering Travelers for your client's insurance coverages. We look forward to discussing this opportunity with you. Sincerely, Bridget A Ciulla Travelers Bond&Specialty Insurance `A.M.Best's rating of A++applies to Travelers Casualty and Surety Company of America as well as to certain insurance subsidiaries of Travelers that are members of the Travelers Insurance Companies pool;other subsidiaries are included in another rating pool or are separately rated.For a listing of companies rated by A.M. Best and other rating services visit www.travelers.com. Ratings listed herein are as of October 2019, are used with permission,and are subject to changes by the rating services.For the latest rating,access www.ambest.com. LTR4000 Rev.07-16 Page 1 of 3 @ 2016 The Travelers Indemnity Company. All rights reserved. I Travelers Casualty and Surety Company of America QUOTE OPTION#1 CRIME COVERAGES: Crime Single Loss Single Crime Single Loss Single Insuring Limit of Loss Insuring Limit of Loss Agreements Insurance Retention Agreements Insurance Retention A- Fidelity F- Computer Crime 1.Employee Theft See Endorsement 1. Computer Fraud $1,000,000 $10,000 2.ERISA Fidelity Not Covered 2. Computer Program and Electronic Not Covered 3.Employee Theft of Client Not Covered Data Restoration Expense Property B- Forgery or Alteration $25,000 $1,000 G- Funds Transfer Fraud $1,000,000 $10,000 C- On Premises $25,000 $1.000 H- Personal Accounts Protection 1.Personal Accounts Forgery or Alteration Not Covered 2.Identity Fraud Expense Reimbursement Not Covered D- In Transit $25,000 $1,000 1- Claim Expense $5,000 $0 E- Money Orders and Not Covered Counterfeit Money Insured's Premises Covered: Worldwide,except TOTAL ANNUAL PREMIUM.$3,954.00 (Other term options listed below, if available) LIMIT DETAIL: Shared Additional Defense Limit of Liability: N/A Crime Policy Aggregate Limit of Insurance: N/A PREMIUM DETAIL: Term Payment Premium Taxes Surcharges Total Total Term Type Premium Premium 3 Year Installment $3,954.00 $0.00 $0.00 $3,954.00 $11,862.00 POLICY FORMS APPLICABLE TO QUOTE OPTION#1: CRI-2001-0109 Crime Declarations Page CRI-3001-0109 Crime Policy Form ENDORSEMENTS APPLICABLE TO QUOTE OPTION#1 ACF-7006-0511 Removal of Short-Rate Cancellation Endorsement CRI-17001-0317 New York Insurance Regulation 209 Endorsement CRI-19072-0315 Global Coverage Compliance Endorsement—Adding Financial Interest Coverage and Sanctions Condition and Amending Territory Condition CRI-19085-0919 Social Engineering Fraud Insuring Agreement Endorsement CRI-19101-1117 Amendatory Endorsement for Certain ERISA Considerations CRI-19115-0519 Telecommunication Fraud Insuring Agreement Endorsement CRI-19122-1120 Delete Exclusion For Prior Losses Involving Subsidiaries Endorsement CRI-5033-0613 New York Cancellation or Termination Endorsement CRI-7126-0109 Government Entity Crime Endorsement-Faithful Performance of Duty CRI-7129-0109 Government Entity Crime Endorsement Including Coverage for Treasurers and Tax Collectors LTR-4000 Rev.07-16 Page 2 of 3 ©2016 The Travelers Indemnity Company. All rights reserved. i CONTINGENCIES APPLICABLE TO QUOTE OPTION#1: This quote is contingent on the acceptable underwriting review of the following information prior to the quote expiration date. None QUOTE NOTES: NOTICES: It is the agent's or broker's responsibility to comply with any applicable laws regarding disclosure to the policyholder of commission or other compensation we pay,if any,in connection with this policy or program. Important Notice Regarding Compensation Disclosure For information about how Travelers compensates independent agents, brokers, or other insurance producers, please visit this website: http://www.travelers.com/w3c/legal/Producer Compensation_Disclosure.html If you prefer,you can call the following toll-free number: 1-866-904-8348.Or you can write to us at Travelers,Agency Compensation, P.O.Box 2950, Hartford, CT 06104-2950. Coverage Disclaimer: THIS QUOTE DOES NOT AMEND, OR OTHERWISE AFFECT, THE PROVISIONS OR COVERAGE OF ANY RESULTING INSURANCE POLICY ISSUED BY TRAVELERS. IT IS NOT A REPRESENTATION THAT COVERAGE DOES OR DOES NOT EXIST FOR ANY PARTICULAR CLAIM OR LOSS UNDER ANY SUCH POLICY. COVERAGE DEPENDS ON THE APPLICABLE PROVISIONS OF THE ACTUAL POLICY ISSUED, THE FACTS AND CIRCUMSTANCES INVOLVED IN THE CLAIM OR LOSS AND ANY APPLICABLE LAW. THE PRECEDING OUTLINES THE COVERAGE FORMS, LIMITS OF INSURANCE, POLICY ENDORSEMENTS AND OTHER TERMS AND CONDITIONS PROVIDED IN THIS QUOTE. ANY POLICY COVERAGES, LIMITS OF INSURANCE, POLICY ENDORSEMENTS, COVERAGE SPECIFICATIONS, OR OTHER TERMS AND CONDITIONS THAT YOU HAVE REQUESTED THAT ARE NOT INCLUDED IN THIS QUOTE HAVE NOT BEEN AGREED TO BY TRAVELERS. PLEASE REVIEW THIS QUOTE CAREFULLY AND IF YOU HAVE ANY QUESTIONS, PLEASE CONTACT YOUR TRAVELERS REPRESENTATIVE. LTR-4000 Rev.07-16 Page 3 of 3 ©2016 The Travelers Indemnity Company. All rights reserved.