RFP 4007 - Attachment K - Limits of Insurance.docx
DOCX document 39 KB Posted
- Solicitation number
- 4007
- Issued by
- Wisconsin
About this file
This is an Attachment K document outlining the limits of insurance and deductibles required for a commercial property and casualty insurance contract with a Wisconsin school district. The document specifies comprehensive property coverage limits across multiple categories including buildings, business personal property, electronic data processing equipment, accounts receivable, fine arts, and newly constructed property. Notable limits include $5,000,000 for general electronic data processing equipment, $2,000,000 for accounts receivable and valuable papers, $10,000,000 for demolition and increased cost of construction, and $5,000,000 for business income coverage. Additional specialized coverages are detailed, including earthquake and flood protection each with $50,000,000 annual aggregate limits, boiler and machinery coverage with a $100,000,000 maximum per accident, builder's risk coverage up to $10,000,000 per construction site, and contractors equipment coverage on a per-schedule basis.
The deductible structure establishes varying retention levels based on coverage type, ranging from $1,000 for utility trailers to $100,000 for earthquake, volcanic eruption, landslide, and mine subsidence events. A $50,000 deductible applies to flood losses, while a $25,000 deductible applies to boiler and machinery incidents, utility services direct damage, and most other covered losses. Property in transit and covered property overseas each carry a $10,000 deductible. Workers compensation coverage is required with an excess retention of $100,000 and an aggregate retention of $1,717,750. The document establishes a comprehensive insurance program designed to protect district assets and operations across multiple property and casualty exposure categories with specified limits and cost-sharing mechanisms.
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Other files
| File | Type | Posted |
|---|---|---|
| RFP 4007 - Attachment I - Vehicle Financial Summary 02.21.18.xlsx | XLSX spreadsheet | |
| RFP 4007 - Commercial Property and Casualty Insurance.docx | DOCX document | |
| RFP 4007 - Attachment J - Property Location List.xlsx | XLSX spreadsheet | |
| RFP 4007 - Attachment F - Broker SOV.xlsx | XLSX spreadsheet | |
| RFP 4007 - Attachment G - Additional Insured List.docx | DOCX document | |
| RFP 4007 - Attachment H - District Employees by Location and Student Count.docx | DOCX document |
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Text version
Property
Limits of Insurance: Blanket
1. Buildings, in any one occurrence: Included
2. Business Personal Property, in any one occurrence Included
3. Property in the Open Included
4. Electronic Data Processing Equipment and Electronic Data Processing Data and Media, in any one occurrence
| a. Laptops | $ | 1,000,000 |
| b. All other Electronic Data Processing Equipment and | $ | 5,000,000 |
Electric Data Processing Media
5. Accounts Receivable, in any one occurrence: $ $2,000,000
6. Valuable Papers, in any one occurrence: $ $2,000,000
| 7. Fine Arts, in any one occurrence: | $ | 750,000 |
| subject to a maximum per item of: | $ | 50,000 |
8. Newly Constructed or Acquired Property, at any one building, $ 2,500,000
9. Outdoor Property including Debris Removal, in any one occurrence: $ 1,000,000
10. Personal Effects of Officers and Employees of the Insured, in any one occurrence: $ 500,000
11. Covered Property at Undescribed Premises, in any one occurrence: $ 1,000,000
12. Covered Property in Transit, in any one occurrence: $ 1,000,000
13. Covered Property Overseas, in any one occurrence: $ 25,000
14. Debris Removal (additional), in any one occurrence: $ 5,000,000
15. Pollutant Cleanup and Removal, aggregate in any one policy year: $ 100,000
16. Claim Data Expense, in any one occurrence: $ 250,000
17. Ordinance or Law Loss to the Undamaged Portion, in any one occurrence: Included Included means included in the Limit of Insurance that applies to loss or damage to the affected Building(s)
| Demolition, in any one occurrence: | $ | 10,000,000 |
| Increased Cost of Construction, in any one occurrence: | $ | 10,000,000 |
| 18. Business Income, in any one occurrence: | $ | 5,000,000 |
| Rental Value, in any one occurrence: | Included | |
| Extra Expense, in any one occurrence: | Included | |
| Ordinance or Law - Increased Period of Restoration, in any one occurrence: | $ | 250,000 |
| Newly Acquired Locations, in any one occurrence: | $ | 500,000 |
| Undescribed Premises, in any one occurrence: | $ | 100,000 |
| Claim Data, in any one occurrence: | $ | 25,000 |
19. Earthquake, Volcanic Eruption, Landslide and Mine Subsidence — aggregate in any one policy year, for all losses covered under this policy, commencing with the inception date of this policy:
$ 50,000,000
20. Flood — aggregate in any one policy year, for all losses covered under this policy, commencing with the inception date of this policy: $ 50,000,000
21. Boiler and Machinery (Insured's Locations only) Included Property Damage, in any one accident:
Business Income, Rental Value and Extra Expense, in any one Included Hazardous Substance, in any one accident:
| Ammonia Contamination: | $ | 1,000,000 |
| Any other substance: | $ | 1,000,000 |
| Water Damage, in any one accident | $ | 1,000,000 |
| Consequential Damage, in any one accident: | $ | 1,000,000 |
Boiler and Machinery (Insured's Locations only) all coverages combined, maximum in any one accident: $ 100,000,000
22. Limited Electronic Vandalism Cause of Loss Coverage, aggregate in any one policy year: $ 250,000
23. Limited "Fungus," Wet Rot and Dry Rot Coverage:
a. Direct Damage Aggregate, in any one policy year: $ 200,000
b. Business Income, Rental Value and Extra Expense Number of days: 30
24. Builder's Risk Construction Site(s), in any one occurrence:
| Maximum at any one Construction Site: | $ | 10,000,000 |
| Maximum at All Constructions Sites: | $ | 10,000,000 |
| Builder's Risk, Property at Temporary Storage Location: | $ | 500,000 |
| Builder's Risk, Property in transit | $ | 500,000 |
| 25. Contractors Equipment, in any one occurrence, | $ | Per Schedule |
| Newly Acquired Contractors Equipment in any one occurrence | $ | 50,000 |
| Equipment Rental Expense, in any one occurrence: | $ | 25,000 |
| Unreported Equipment in any one occurrence: | $ | 50,000 |
| Utility Trailers in any one occurrence: | $ | 80,000 |
26. Expediting Expenses, in any one occurrence $ 500,000
27. Reimbursement of Master Key Costs, in any one occurrence: $25,000
28. Errors and Omissions, in any one occurrence: $ 1,000,000
| 29. Ingress and Egress - Time Element, in any one occurrence: | $ | 1,000,000 |
| Number of Miles: | 1 | |
| Number of consecutive days: | 30 |
30. Utility Services — in any one occurrence:
Utility Services Combined Direct Damage and Time Element, including Boiler and Machinery: $ 1,000,000
31. Green Building Alternatives - Increased Cost
| a. Increased Cost Percentage: | 1% | |
| b. Limit of Insurance, in any one occurrence: | $ | 100,000 |
Green Building Reengineering and Recertification Expense, in any one occurrence: $ 15,000
32. Personal Property of Students or Volunteers $ 1,000,000 in any one occurrence
| a. Per Elementary Student: | $ | 50 |
| b. Per Middle School Student: | $ | 75 |
| c. Per High School Student | $ | 100 |
| d. Per Volunteer | $ | 500 |
33. Underground Tanks, Pipes, Flues, Drains or Tunnels, $ 5,000,000 in any one occurrence:
A. Deductibles: For application of Deductibles refer to Section B. Application of Deductibles in the General Conditions
1. To Property in Transit, in any one occurrence: $ 10,000
2. To Covered Property Overseas, in any one occurrence $ 10,000
3. By Earthquake, Volcanic Eruption, Landslide and Mine $ 100,000 Subsidence, in any one occurrence
4. By Flood, in any one occurrence: $ 50,000
5. By Boiler and Machinery in any one accident: $ 25,000 Applicable to Direct Damage, Business Income, Rental Value and Extra Expense.
| 6. To Contractors Equipment, per item, in any one occurrence: | $ | 5,000 |
| Utility Trailers per unit | $ | 1,000 |
| Utility Trailers maximum per occurrence | $ | 5,000 |
7. To Utility Services - Direct Damage, including $ 25,000 Boiler and Machinery, in any one occurrence:
8. To Utility Services - Time Element, including
| Boiler and Machinery, in any one occurrence: | 24 Hours | |
| 9. To any other covered loss, in any one occurrence: | $ | 25,000 |
Workers Compensation (Current)
| 1. Excess Workers Compensation (retention) | $ | 100,000 (Retention) |
| / $1,717,750 (aggregrate) |
File details come from the government source that posted it. Updated .