HomeMy Public PortalAbout13850ORDINANCE NO. 13850
AN ORDINANCE, awarding a contract to Zurich (Steadfast) Insurance Company
(McGriff, Seibels & Williams of Missouri, Inc., agent) for the District's Blocked Main and
Overcharged Sewer Line Backup Insurance coverage from July 1, 2014 to June 30, 2015.
BE IT ORDAINED BY THE BOARD OF TRUSTEES OF THE
METROPOLITAN ST. LOUIS SEWER DISTRICT:
Section One. Zurich (Steadfast) Insurance Company (McGriff, Seibels &
Williams of Missouri, Inc., agent), who submitted a combined quote for the District's Blocked
Main and Overcharged Sewer Line Backup Insurance coverage, with an aggregate retention of
Eight Million Five Hundred Thousand Dollars ($8,500,000.00) for the time period July 1, 2014
through June 30, 2015, for overcharged sewer lines and blocked mains; an aggregate policy limit
of Eighteen Million Five Hundred Thousand Dollars ($18,500,000.00) in excess of claims; and
the District's Overcharged Sewer Line Backup Insurance coverage with the same policy
aggregate and limit as hereinabove stated, and a per claim limit of Three Thousand Dollars
($3,000.00) with a One Hundred Dollars ($100.00) deductible per claim; at a combined premium
of Three Hundred Forty Thousand and One Dollars ($340,001.00) for such policy period is
hereby awarded the contract for such insurance coverage from July 1, 2014 to June 30, 2015.
The foregoing Ordinance was adopted on June 12, 2014.