Contract Summary

This document represents a contract renewal summary between Aon and the Board of Regents of the University of Nebraska, dated June 24, 2019. The renewal pertains to Bind 7-1-19/20 and involves insurance coverage services managed through Aon on behalf of the University of Nebraska system.

The renewal encompasses two primary insurance policies: Educators Legal Liability coverage with United Educators at a $5 million limit with $1 million retention, totaling a premium of $119,215, and Excess Liability coverage with United Educators at a $20 million limit with $1 million retention, with a premium of $483,822. The total renewal cost reflects combined coverage for legal and excess liability protection for the educational institution. Both coverage options have been selected as indicated by the check marks in the document, establishing the insurance program for the 2019-2020 binding period.