F15B0BD1-95EB-4C70-A3DE-80B7BB5B1DD0.pdf

This is a Renewal Proposal and Instruction to Bind document dated June 8, 2023, issued by the University of Nebraska as part of the Revised Proposal (Proposal) dated June 22, 2023. The document involves multiple carriers offering commercial risk solutions and excess liability coverage through a cooperative procurement arrangement. The participating entities include the University of Nebraska, various educators and insurers, and carriers such as FM Global, HICOX, HCC, and AIG, which provide coverage for property, general liability, excess liability, and other specialized insurance products.

The renewal proposal establishes insurance coverage with annual premiums ranging from $5,830,880 to $9,553,821 depending on the selected carrier and coverage options. Key coverage options include Aggregate Deductibles, Excess Liability, Special Crime, and Excess Liability Option 2, with annual aggregate deductibles of $100,000 to $162,500. The proposal includes a premium addition option of $241,547 to $241,894 for additional coverage enhancements and terrorism option limits ranging from $19,846 to $40,000. Options to accept or decline coverage are available, with an acceptance deadline of June 1, 2024. The proposal addresses both standard commercial risk solutions and special coverage programs, with availability for continuation-year premium options and various surcharge fees as outlined in the binding election for each option period.