HomeMy Public PortalAbout14104 ORDINANCE NO. 14104
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, 2015 to June 30, 2016.
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
Six Million Dollars ($6,000,000.00) for the time period July 1, 2015 through June 30, 2016, for
overcharged sewer lines and blocked mains; an aggregate policy limit of Sixteen Million Dollars
($16,000,000.00) 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 Twenty-Five Thousand Dollars
($325,000.00) for such policy period is hereby awarded the contract for such insurance coverage
from July 1, 2015 to June 30, 2016.
The foregoing Ordinance was adopted on June 16, 2015 by the following vote –
Ayes –M. Yates, J. Faul, R. Berry, A. Mandel, V. Patton and R. Bonner.
Nays – None
Secretary-Treasurer