E967C9B1-2159-488E-A2F7-C8B08DC4D83F.pdf

PDF 447 KB Posted

Attached to
CN NE|58-1594-356
Contract number
58-1594-356
Issued by
Nebraska

About this file

This is an Insured's Acknowledgement and Instruction to Bind document dated June 29, 2020, involving the Board of Regents of the University of Nebraska and Aon Risk Services Central, Inc. (Commercial Risk Solutions). The document confirms acceptance of a renewal proposal for multiple lines of insurance coverage and authorizes Aon to bind the selected insurance programs on behalf of the University. The acknowledgment includes confirmation that the University has reviewed the terms and conditions outlined in the renewal proposal and understands the involvement of Commercial Risk Solutions' data analytics and digitization services.

The renewal proposal covers multiple lines of coverage with specific carriers and premiums: Educators Legal Liability at $5 million limit ($124,834 with United Educators); Excess Liability at $30 million limit ($775,640 with United Educators); Aviation coverage through multiple carriers including Allianz, Old Republic, AIG, QBE, AXAXL, and Great American with premiums ranging from $10,000 to $37,800; and Unmanned Aircraft coverage with Allianz at $73,125. Additionally, Special Crime coverage for three years prepaid is provided by Hiscox at $22,367. All quoted lines of coverage were accepted as indicated in the binding selections. The document notes that premiums do not include Surplus Lines Taxes or policy surcharges. Aon assesses a Data, Analytics and Digitization fee of $300 per policy for access to interactive electronic reporting tools and benchmarking analyses.

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