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Proposal of InsuranceVillage of Long Grove3110 Old McHenry RoadLong Grove, IL 60047Presented: November 18, 2021Effective: December 31, 2021Ethan SalsingerAccount ExecutiveArthur J. Gallagher Risk Management Services, Inc.2850 Golf RoadRolling Meadows, IL 60008(630) 773-3800Ethan Salsinger@ajg.comajg.com 2018 Arthur J. Gallagher & Co. All rights reserved.
Village of Long GroveTable of ContentsService Team . 3Program Structure . 4Named Insured . 5Market Review. 6Location Schedule . 7Program Details . 8Package - Property Including Inland Marine - Atlantic Specialty Insurance Company . 8Package - General Liability - Atlantic Specialty Insurance Company . 14Package - Business Auto - Atlantic Specialty Insurance Company . 17Package - Umbrella - Atlantic Specialty Insurance Company . 19Package - Professional Liability - Atlantic Specialty Insurance Company . 21Equipment Breakdown - Travelers Property Casualty Co of America . 23Crime - Allmerica Financial Benefit Insurance Co . 27Umbrella - American Alternative Insurance Corp . 30Workers' Compensation - Illinois Public Risk Fund . 33Premium Summary . 35Premium Financing . 37Payment Plans . 38Coinsurance Illustration . 39Carrier Ratings and Admitted Status . 40Proposal Disclosures . 41Proposal Disclosures . 42Client Signature Requirements . 43Coverages for Consideration . 44Client Authorization to Bind Coverage . 45Appendix . 47Bindable Quotations & Compensation Disclosure Schedule . 48Binding Requirements . 50Claims Reporting By Policy . 51CORE360 Loss Control Flyer . 52Cyber Liability eRiskHub Features . 532
Village of Long GroveService TeamEthan Salsinger has primary service responsibility for your company. We operate using a team approach. Your Service Teamconsists of:NAME / TITLEPHONE / ALT. PHONEEMAILROLEEthan SalsingerAccount Executive(630) 285-3651Ethan Salsinger@ajg.comProducerMarissa OlszewskiClient Service Manager(630) 285-4252Marissa Olszewski@ajg.comClient Service ManagerArthur J. Gallagher Risk Management Services, Inc.Main Office Phone Number: (630) 773-38003
Village of Long GroveProgram StructureProgram Structure4
Village of Long GroveNamed InsuredEquipment BreakdownCrimeUmbrellaWorkers' CompensationAdd /Change /DeletePackageNamed Insured Schedule:XXXXXNamed InsuredVillage Of Long GroveNote: Any entity not named in this proposal, may not be an insured entity. This may include affiliates, subsidiaries, LLC's,partnerships and joint ventures.5
Village of Long GroveMarket ReviewWe approached the following carriers in an effort to provide the most comprehensive and cost effective insurance program.INSURANCE COMPANYLINE OF COVERAGERESPONSEPREMIUMAtlantic Specialty Insurance CompanyPackageRecommended Quote 34,910.00Travelers Property Casualty Co of AmericaEquipment BreakdownRecommended Quote 1,611.00Allmerica Financial Benefit Insurance CoCrimeRecommended Quote 647.34American Alternative Insurance CorpUmbrellaRecommended Quote 5,789.00Illinois Public Risk FundWorkers' CompensationRecommended Quote 3,747.006
Village of Long GroveLocation ScheduleLINE OF COVERAGEEquipment BreakdownLOC # / BLDG #LOCATION ADDRESS1/11150 Old Mchenry RDLong Grove, IL 600472/1-23110 RfdLong Grove, IL 60047-96233/1DowntownLong Grove, IL 600474/1IL 83 Robert ParkerLong Grove, IL 600475/1No Specific Location1/11150 Old McHenry RDLong Grove, IL 600472/1-23110 RfdLong Grove, IL 60047-96233/1DowntownLong Grove, IL 600474/1IL 83 Robert Parker Coffin RDLong Grove, IL 600471/13110 Old McHenry RoadLong Grove, IL 60047PackageUmbrella7
Village of Long GroveProgram DetailsPackage - Property Including Inland Marine - Atlantic Specialty Insurance CompanyCoverage:Package - Property Including Inland MarineCarrier:Atlantic Specialty Insurance CompanyPolicy Period:12/31/2021 to 12/31/2022The following is a general summary of the Insuring Agreement. Refer to actual policy form for complete terms and conditions.Coinsurance or Agreed Amount:DESCRIPTIONAGREEDAMOUNTCOINSURANCE%Except as otherwise stated below, Coinsurance does not apply to this CommercialProperty Coverage PartN/A0%Building, Business Personal Property Coverage, Business Income CoverageN/A90 %Coverage:LOCATIONDETAILSSUBJECT OF INSURANCEAMOUNTThe Limits of Insurance Shown are the Total Coverage Limits for thatParticular Coverage and Apply in any One Occurrence Unless OtherwiseStatedLoc.#/Bldg.# 1/1, 2/1,2/2, 3/1, 4/1Blanket BuildingLoc.#/Bldg.# 2/1, 2/2Blanket Business Personal PropertyLoc.#/Bldg.# 1/1, 2/1,2/2, 3/1, 4/1Blanket Business Income and Extra ExpenseLoc.#/Bldg.# 1/All 4/AllEarthquake - All Covered Property and Coverages Located at DescribedPremises:Loc.#/Bldg.# 1/All 3/All 7,845,341 – 5% InflationApplied Per Carrier 77,000 1,250,000- Per Occurrence 4,000,000- Annual Aggregate 4,000,000Flood - All Covered Property and Coverages Located at DescribedPremises:- Per Occurrence 4,000,000- Annual Aggregate 4,000,000Inland Marine Coverages:- Leased/Borrowed 250,000- Equipment Max Per Item; 2 Trailers-VIN #5546 & #5547 100,000Deductibles / Self-Insured RetentionCoverageAmountBuilding - Loc.#/Bldg.# 1/1, 2/1, 2/2, 3/1, 4/1 Each - 1,0008
Village of Long GroveDeductibles / Self-Insured RetentionCoverageAmountBusiness Personal Property - Loc.#/Bldg.# 2/1, 2/2 Each 1,000Business Income and Extra Expense: Waiting Period - Loc.#/Bldg.# 1/1, 2/1, 2/2, 3/1, 4/1 Each72 Hours- Civil Authority: Waiting Period72 Hours- Ingress and Egress: Waiting Period72 HoursEarthquake - All Covered Property - Loc.#/Bldg.# 1/All - 4/All 25,000Flood - All Covered Property - Loc.#/Bldg.# 1/All - 3/All 25,000Ordinance or Law-Coverage B & C - Loc.#/Bldg.# 1/1, 2/1, 2/2, 3/1, 4/1 Each 1,000Electronic Data Processing Equipment - Loc.#/Bldg.# 2/2 1,000Discharge from Sewer, Drain or Sump Property Damage - Loc.#/Bldg.# 4/1 1,000Dependent Properties: Waiting Period72 HoursProperty Policy Coverages:Green Upgrades Limit of Insurance 1,000Accounts Receivable 1,000Debris Removal 1,000Electronic Data 1,000Fungus, Wet Rot and Dry Rot 1,000Newly Acquired or Constructed Property 1,000Non-Owned Detached Trailers 1,000Outdoor Property 1,000Paved Surfaces Coverage Limit of Insurance 1,000Personal Effects of Others 1,000Valuable Papers and Records 1,000Bucket Limit of Insurance* 1,000Exhibition, Fair or Trade Show Coverage 1,000Fine Arts 1,000Property In Transit 1,000Property at Other Locations 1,000Electronic Data Cyber Incident 1,000Utility Services - Direct Damage Coverage 1,000Pollutant Clean-up and Removal 1,000Inland Marine Coverages:Contractor's Equipment: Deductible Amount 1,000Additional Coverage:LOCATION DETAILSDESCRIPTIONAMOUNTLoc.#/Bldg.# 1/1, 2/1, 2/2,Blanket Business Income and Extra Expense9
Village of Long GroveAdditional Coverage:LOCATION DETAILSDESCRIPTIONAMOUNT3/1, 4/1 Each- Civil AuthorityIncluded-- Coverage Period4 Weeks-- Coverage Radius1 Mile- Alteration and New BuildingsIncluded- Ingress and EgressIncluded-- Coverage Period4 Weeks-- Coverage Radius1 Mile- Rental ValueIncluded- Extended Period of Indemnity90 DaysOrdinance or Law-Coverage A: Applicable at each building with BuildingCoverage under Commerical Property Coverage partIncludedLoc.#/Bldg.# 1/1, 2/1, 2/2,3/1, 4/1 EachOrdinance or Law-Coverage B & C 500,000Loc.#/Bldg.# 2/2Electronic Data Processing Equipment 250,000Loc.#/Bldg.# 4/1Discharge from Sewer, Drain or Sump Property Damage 100,000Loc.#/Bldg.# 4/1Discharge from Sewer, Drain or Sump Time Element 100,000Property Policy Coverages:Green Upgrades Limit of Insurance 10% Green Upgrades Percentage 50,000Additional Coverage Program:Accounts Receivable 250,000Claims Expenses Coverage 25,000Debris Removal 250,000Electronic Data 50,000Emergency Response Service Charge 25,000 15,000 - AnnualAggregateFungus, Wet Rot and Dry Rot- Period of Restoration30 Days- Extended Period of Restoration30 DaysNewly Acquired or Constructed Property:- Building 2,000,000- Personal Property 1,000,000- Coverage Period Days180 DaysNon-Owned Detached Trailers 15,000Outdoor Property 25,000Paved Surfaces Coverage Limit of InsurancePersonal Effects of Others 250,000 25,00010
Village of Long GroveAdditional Coverage:LOCATION DETAILSDESCRIPTIONAMOUNT 50,000 - AnnualAggregatePollutant Clean-up and RemovalPreservation of Property - Expense Coverage 50,000Valuable Papers and Records 250,000Bucket Limit of Insurance* 500,000Fine Arts Unscheduled Per Item LimitCatastrophe Allowance Coverage 10,000 50,000 - AnnualAggregateExhibition, Fair or Trade Show Coverage 50,000Expediting Expense Coverage 50,000Extra Expense 100,000Fine Arts 100,000Fire Extinguisher & Automatic Extinguishing System Recharge Coverage 25,000Lock Replacement Coverage 10,000Property In Transit 50,000Property at Other Locations 100,000Reward Coverage 50,000Soft Costs Coverage 25,000Contractual Penalties 50,000Dependent Properties 250,000Interruption of Computer Operations 50,000Lessee's Leasehold Interest Coverage 25,000Lessor's Lease Cancellation Coverage 25,000Lessor's Tenant Relocation Expense Coverage 25,000Newly Acquired Locations - Business Income and Extra Expense 250,000- Coverage Period Days180 DaysTime Element Claims Expenses Coverage 25,000Electronic Data Cyber Incident 50,000 - AnnualAggregateElectronic Data Cyber Incident Business Income and Extra Expense 50,000 - AnnualAggregateUtility Services - Business Income and Extra Expense Coverage 25,000Utility Services - Direct Damage Coverage 25,000Inland Marine Coverages:- All Covered Property 257,000- Additionally Acquired Equipment 250,000-- Days60 Days11
Village of Long GroveAdditional Coverage:LOCATION DETAILSDESCRIPTIONAMOUNT- Construction Documents 2,500- Debris Removal 5,000- Employee Tools and Clothing 2,500- Pollutant Clean Up 10,000- Preservation of Property - Expense Coverage-- Days 2,50030 Days- Rental Expense Reimbursement 2,500-- Days2 Days- Leased, Rented or Borrowed: Contractors Equipment from Others:-- Any One Item 100,000-- All Items 250,000- Your Contractor's Equipment Leased, Rented or Borrowed by Others:-- Any One Item 1,000-- All Items 2,000Valuations:DESCRIPTIONLIMITATIONSReplacement CostApplies to Most Types of Covered PropertyActual Cash ValueInland MarinePerils Covered:TYPEDESCRIPTIONSpecial Form PerilsAppliesExclusions include, but are not limited to:DESCRIPTIONEarth Movement ExclusionFlood ExclusionGovernment Action ExclusionWar ExclusionNuclear Hazard, Power FailureBinding Requirements:DESCRIPTIONSubject To:-Selection or Rejection of Terrorism Insurance Coverage-Signed SOV12
Village of Long GroveBinding Requirements:DESCRIPTION- Signed Illinois Notice and Waiver of Mine Subsidence CoverageOther Significant Terms and Conditions/Restrictions:DESCRIPTION*Bucket Limit of Insurance: Tenants Improvements & Betterments, Emergency Response Service Charge Additional Coverage,Personal Effects of Others, Coverage Extension, Valuable Papers and Records, Coverage Extension, Accounts ReceivableCoverage Extension, Outdoor Property Coverage Extension, Fine Arts Additional Coverage, Fire Extinguisher and Automatic,Extinguishing System Recharge, Additional Coverage, Lock Replacement Additional CoverageTotal Premium Includes Inland Marine Premium 1,000Premium 34,910.00ESTIMATED PROGRAM COSTTRIA/TRIPRA PREMIUM( Additional Surcharges, Taxes and Fees as applicable) 507.00Statement of Values (SOV)LOC # /BLDG #1/12/1LOCATION ADDRESS/BUILDING DESCRIPTION1150 Old McHenry Rd LongGrove IL 600473110 Rfd Long GroveIL 60047BUILDING INCREASED5% 52,500- 9,230 1,000CONTENTS2/23110 Rfd Long GroveIL 60047 433,611 76,0003/1Downtown Long Grove, IL60047 2,625,000-4/1IL 83 Robert Parker Coffin RDLong Grove, IL 60047 4,725,000-Grand Total 7,845,341 77,000Client Signature13
Village of Long GrovePackage - General Liability - Atlantic Specialty Insurance CompanyCoverage:Package - General LiabilityCarrier:Atlantic Specialty Insurance CompanyPolicy Period:12/31/2021 to 12/31/2022Form Type:COVERAGEFORM TYPERETROACTIVE DATEGeneral LiabilityOccurrenceNot ApplicableEmployee Benefits LiabilityClaims Made12/31/2012Sexual Abuse LiabilityOccurrenceNot ApplicableCoverage:DESCRIPTIONAMOUNTGeneral Aggregate 2,000,000Products/Completed Operation Aggregate 2,000,000Coverage A Bodily Injury and Property Damage 1,000,000Coverage B Personal and Advertising Injury 1,000,000Damage to Premises Rented to You 1,000,000Employee Benefits Each Claim 1,000,000Annual Aggregate 1,000,000Sexual Abuse 300,000Deductibles / Self-Insured RetentionCOVERAGEAMOUNTCoverage A & B Loss Only Deductible Each Occurrence or Offense 0Employee Benefits 0Claims Made Coverage:Should you elect to change carriers (if a new retroactive date is provided) or non-renew this policy, a supplemental extendedreporting endorsement may be available subject to policy terms and conditions. You must request the extended reporting periodin writing to the carrier within ([Days To Extend]) days of the expiration date. The cost of this extended reporting period is[Percent Cost]% of the annual premium and is fully earned. The extended reporting period extends only to those claims madeduring the extended reporting period for wrongful acts that occurred prior to the expiration date and would have been covered bythe policy. Claims must be reported to the carrier within ([Days To Report]) days of the end of the policy period. The extendedreporting period does not increase the limits of liability and is subject to all policy terms, conditions and exclusions.Definition of Claim:DESCRIPTIONRefer to attached policy form14
Village of Long GroveIncident or Claim Reporting Provision:REPORTING CONDITION TYPEDESCRIPTIONRefer to attached policy formExclusions include, but are not limited to:COVERAGETYPEDESCRIPTIONGeneral LiabilityBodily Injury and Property Damage from pollutants - Absolute ExclusionGeneral LiabilityLosses arising from the ownership maintenance or use of aircraft (including drones), autos, or watercraft,with some minor exceptions including certain contractual obligationsGeneral LiabilityEmployment Related Practices ExclusionGeneral LiabilityLiquor Liability ExclusionGeneral LiabilityAircraft Products ExclusionGeneral LiabilityProfessional Liability ExclusionGeneral LiabilityReal Property in Your Care, Custody, and Control ExclusionGeneral LiabilityAbsolute Asbestos ExclusionGeneral LiabilityAbsolute Lead ExclusionGeneral LiabilityWar and Nuclear HazardGeneral LiabilityMold / FungusEBLDishonest, fraudulent, criminal or malicious act or omissionEBLBodily Injury or Property Damage or Personal InjuryEBLFailure of performance of contractEBLFailure of any investment to perform as represented by youEBLFailure to comply with mandatory provisions of any law concerning Workers' Compensation, unemploymentinsurance, social security or disability benefitsEBLWrongful termination of an employeeEBLCoercion, demotion, reassignment, discipline or harassment of an employeeEBLDiscrimination against an employeeGeneral LiabilityGeneral Liability Medical Payment ExclusionBinding Requirements:DESCRIPTIONSubject to Selection or Rejection of Terrorism Insurance CoverageOther Significant Terms and Conditions/Restrictions:DESCRIPTIONTotal Premium includes the Employee Benefits Premium of 160, Sexual Abuse Premium of 40015
Village of Long GrovePremiumIncluded AboveESTIMATED PROGRAM COSTTRIA/TRIPRA PREMIUM( Additional Surcharges, Taxes and Fees as applicable) 260.00Auditable eral purpose government risks organized as cities, towns, townships, villages orboroughs (Coverage A&B)- Loc./Bldg.#1/1--48727Streets, Roads, Highways or Bridges -existence and maintenance hazard only (CoverageA&B - Including Products) - Loc./Bldg.#1/1-16
Village of Long GrovePackage - Business Auto - Atlantic Specialty Insurance CompanyCoverage:Package - Business AutoCarrier:Atlantic Specialty Insurance CompanyPolicy Period:12/31/2021 to 12/31/2022Coverage:DESCRIPTIONAMOUNTLiability 1,000,000COVERED AUTOS8,9Hired Auto-Hired Primary Auto LiabilityCovered8Non-Owned Auto-Non-Owned Auto LiabilityCovered9Covered Autos:SYMBOLSYMBOL NAMEDESCRIPTION OF COVERED AUTO DESIGNATION SYMBOLS1Any Auto2Owned Autos OnlyOnly those autos you own (and for Liability Coverage any trailers you don't ownwhile attached to power units you own). This includes those autos you acquireownership of after the policy begins.3Owned Private Passenger Autos OnlyOnly the private passenger autos you own. This includes those private passengerautos you acquire ownership of after the policy begins.4Owned Autos Other Than PrivatePassenger Autos OnlyOnly those autos you own that are not of the private passenger type (and forLiability Coverage any trailers you don't own while attached to power units youown). This includes those autos not of the private passenger type you acquireownership of after the policy begins.5Owned Autos Subject To No-FaultOnly those autos you own that are required to have No-Fault benefits in the statewhere they are licensed or principally garaged. This includes those autos youacquire ownership of after the policy begins provided they are required to have NoFault benefits in the state where they are licensed or principally garaged.6Owned Autos Subject To ACompulsory Uninsured Motorists LawOnly those autos you own that because of the law in the state where they arelicensed or principally garaged are required to have and cannot reject UninsuredMotorists Coverage. This includes those autos you acquire ownership of after thepolicy begins provided they are subject to the same state uninsured motorists’requirement.7Specifically Described AutosOnly those autos described in Item Three of the Declarations for which a premiumcharge is shown (and for Liability Coverage any trailers you don't own whileattached to any power unit described in Item Three).8Hired Autos OnlyOnly those autos you lease, hire, rent or borrow. This does not include any autoyou lease, hire, rent, or borrow from any of your employees, partners (if you are apartnership), members (if you are a limited liability company) or members of theirhouseholds.9Nonowned Autos OnlyOnly those autos you do not own, lease, hire, rent or borrow that are used inconnection with your business. This includes autos owned by your employees,partners (if you are a partnership), members (if you are a limited liability company),or members of their households but only while used in your business or yourpersonal affairs.19Mobile Equipment Subject ToCompulsory Or FinancialResponsibility Or Other Motor VehicleInsurance Law OnlyOnly those autos that are land vehicles and that would qualify under the definitionof mobile equipment under this policy if they were not subject to a compulsory orfinancial responsibility law or other motor vehicle insurance law where they arelicensed or principally garaged.17
Village of Long GroveAdditional Coverage:DESCRIPTIONAMOUNTSupplementary PaymentsBroadenedCost of bail bonds is 3,500; expenses incurred is 500 per dayAuto Theft Reward 2,000Hired Auto Physical DamageCoveragePhysical Damage 50,000Transportation Expenses Coverage - broadened to provide 75 per day with maximum of 1,800Exclusions include, but are not limited to:DESCRIPTIONExcluded DriversExpected or Intended InjuryContractualWorkers’ CompensationEmployers' LiabilityProperty Damage to Property Owned or Transported by youPollutionOther standard policy exclusions applyTerrorismBinding Requirements:DESCRIPTIONSubject to :-Sign Illinois Uninsured Motorists Coverage and Underinsured Motorists Coverage Selection/RejectionOther Significant Terms and Conditions/Restrictions:DESCRIPTIONNote: Policyholder Disclosure Notice of Terrorism Insurance Coverage amount does not include auto because the automobileline of insurance is not part of the Terrorism Risk Insurance Program Reauthorization Act (TRIPRA).PremiumIncluded AboveESTIMATED PROGRAM COSTSubject to Audit: Not Auditable18
Village of Long GrovePackage - Umbrella - Atlantic Specialty Insurance CompanyCoverage:Package - UmbrellaCarrier:Atlantic Specialty Insurance CompanyPolicy Period:12/31/2021 to 12/31/2022Form Type:COVERAGEFORM TYPERETROACTIVE DATEPENDING & PRIOR DATEUmbrellaOccurrenceN/ANot ApplicableCoverage:DESCRIPTIONLIMIT TYPEAMOUNTAggregate LimitLimit 4,000,000Limit 4,000,000All Claims excess of Underlying InsuranceEach Claim (Each Claim excess of Underlying Insurance)Underlying Policies:CARRIER NAMEEFFECTIVEDATEEXPIRATIONDATECoveredAtlantic Specialty lantic Specialty lantic Specialty PTIONGeneral LiabilityLimitProfessionalLiabilityAuto LiabilityLIMITExclusions include, but are not limited to:DESCRIPTIONWorkers' Compensation, Auto No Fault, Uninsured/ Underinsured Motorists, Disability, and Unemployment Compensation LawsPollution (Hostile Fire Exception)AsbestosPhysical Damage to Property in Insured’s Care, Custody, or ControlAuto First-party CoveragePollution (Auto)Products RecallEmployment Related Practices ExclusionTotal Pollution ExclusionProfessional Liability ExclusionRetained Limit19
Village of Long GroveBinding Requirements:DESCRIPTIONSubject to Selection or Rejection of Terrorism Insurance CoveragePremiumIncluded AboveESTIMATED PROGRAM COSTTRIA/TRIPRA PREMIUM( Additional Surcharges, Taxes and Fees as applicable) 32.0020
Village of Long GrovePackage - Professional Liability - Atlantic Specialty Insurance CompanyCoverage:Package - Professional LiabilityCarrier:Atlantic Specialty Insurance CompanyPolicy Period:12/31/2021 to 12/31/2022Form Number:Form Type:COVERAGEFORM TYPERETROACTIVE DATEPublic Officials Errors & OmissionsClaims Made12/31/2012Public Officials Employment PracticesClaims Made12/31/2012Coverage:DESCRIPTIONAMOUNTPublic Officials Errors & Omissions:-- Each Wrongful Act 1,000,000- Aggregate 1,000,000Public Officials Employment Practices:-- Each Offense 1,000,000- Aggregate 1,000,000Deductibles / Self-Insured RetentionTYPECOVERAGEAMOUNTDeductiblePublic Officials Errors & Omissions 2,500DeductiblePublic Officials Employment Practices 2,500Any Other Continuity or Specific Dates/Limits applicable to the Claims-Made Conditions:COVERAGECONTINUITY DATEPublic Officials Errors & Omissions--Public Officials Employment Practices--LIMITSCONDITIONSClaims Made Coverage:Should you elect to change carriers (if a new retroactive date is provided) or non-renew this policy, a supplemental extendedreporting endorsement may be available subject to policy terms and conditions. You must request the extended reporting periodin writing to the carrier within ([Days To Extend]) days of the expiration date. The cost of this extended reporting period is[Percent Cost]% of the annual premium and is fully earned. The extended reporting period extends only to those claims madeduring the extended reporting period for wrongful acts that occurred prior to the expiration date and would have been covered bythe policy. Claims must be reported to the carrier within ([Days To Report]) days of the end of the policy period. The extendedreporting period does not increase the limits of liability and is subject to all policy terms, conditions and exclusions.21
Village of Long GroveDefinition of Claim:DESCRIPTIONRefer to attached policy formIncident or Claim Reporting Provision:DESCRIPTIONRefer to attached policy formRun Off Provisions:DESCRIPTIONRefer to attached policy formPremiumIncluded AboveESTIMATED PROGRAM COST22
Village of Long GroveEquipment Breakdown - Travelers Property Casualty Co of AmericaCoverage:Equipment BreakdownCarrier:Travelers Property Casualty Co of AmericaPolicy Period:12/31/2021 to 12/31/2022The following is a general summary of the Insuring Agreement. Refer to actual policy form for complete terms and conditions.Coinsurance or Agreed Amount:DESCRIPTIONAGREED AMOUNTCOINSURANCE %Business Income Coinsurance - SuspendedN/AN/ACoverage:DESCRIPTIONLIMIT TYPETotal Limit Per BreakdownLimitProperty Damage (PD) (Includes Micro-Circuitry Electronics)AMOUNT 7,548,753Included in Total Limit Per BreakdownDeductibles / Self-Insured RetentionTYPECOVERAGEAMOUNTDeductibleUtility Interruption-Spoilage coverage applies only if the interruption lasts at least (waiting period)4 HoursDeductibleUtility Interruption-Time Element coverage applies only if the interruption lasts at least (waiting period)- (Includes Interruption of Cloud Services and Data Restoration)4 HoursDeductibleCombined Deductible 1,000Additional Coverage:DESCRIPTIONAMOUNTCoverage Extensionsa. Business Income Coverage Extension (BI):Included in Total Limit per Breakdownb. Extra Expense Coverage Extension (EE)Included in Total Limit per Breakdownc. Spoilage Damage Coverage Extension – including Utility InterruptionSpoilage (SD):Included in Total Limit per Breakdownd. Utility Interruption-Time Element Coverage Extension (UI-TE):Included in Total Limit per Breakdowne. Civil Authority Coverage Extension100 Miles, 3 Weeksf. “Dependent Property” Coverage ExtensionIncluded in Total Limit per BreakdownAll Direct Supplying, Recipient, Manufacturing andLeader Locations“Dependent Property” Locations:g. “Electronic Data” Or “Media” Coverage Extension(1)“Electronic Data” Or “Media” Stored At “Covered Premises”: 5,000,000(2)“Electronic Data” Or “Media” Stored With “Electronic Data StorageProviderIncluded With “Electronic Data” Or “Media” Stored At“Covered Premises”h. Errors And Omissions Coverage Extension:Included in Total Limit per Breakdowni. Expediting Expense Coverage Extension:Included in Total Limit per Breakdown23
Village of Long GroveAdditional Coverage:DESCRIPTIONAMOUNTj. Extended Period of Restoration Coverage Extension:365 Daysk. “Fungus”, Wet Rot And Dry Rot Coverage Extension:(1)Property Damage: 100,000(2)Business Income Or Extra Expense:60 Daysl. Green Enhancements Coverage Extension:Property Damage Percentage Factor:5%Property Damage Additional Costs Limit of Insurance: 1,000,000Business Income Or Extra Expense Additional Number of Days:m. Ingress Or Egress Coverage Extension:30 Days1 Daysn. Newly Acquired Locations Coverage Extension:Included in Total Limit per BreakdownNumber of Days of Coverage:365 Dayso. Off-Premises Transportable Equipment Coverage Extension: 5,000,000p. Ordinance Or Law (Including Demolition And Increased Cost OfConstruction) Coverage Extension:(a) Undamaged Property:Inclu
Village of Long Grove 8 Program Details Package - Property Including Inland Marine - Atlantic Specialty Insurance Company Coverage: Package - Property Including Inland Marine Carrier: Atlantic Specialty Insurance Company Policy Period: 12/31/2021 to 12/31/2022 The following is a general summary of the Insuring Agreement.
