HomeMy WebLinkAbout20242246.tiffRESOLUTION
RE: APPROVE PROPOSAL OF INSURANCE FOR GREELEY-WELD COUNTY HOUSING
AUTHORITY AND AUTHORIZE CHAIR TO SIGN - KINSALE INSURANCE COMPANY,
C/O ARTHUR J. GALLAGHER RISK MANAGEMENT SERVICES, LLC
WHEREAS, the Board of County Commissioners of Weld County, Colorado, pursuant to
Colorado statute and the Weld County Home Rule Charter, is vested with the authority of
administering the affairs of Weld County, Colorado, and
WHEREAS, the Board, ex -officio Housing Authority Board, has been presented with a
Proposal of Insurance for the Greeley -Weld County Housing Authority between the County of
Weld, State of Colorado, by and through the Board of County Commissioners of Weld County, on
behalf of the Greeley -Weld County Housing Authority, and Kinsale Insurance Company,
do Arthur J. Gallagher Risk Management Services, LLC, commencing August 1, 2024, and
ending August 1, 2025, with further terms and conditions being as stated in said proposal, and
WHEREAS, after review, the Board deems it advisable to approve said proposal, a copy
of which is attached hereto and incorporated herein by reference.
NOW, THEREFORE, BE IT RESOLVED by the Board of County Commissioners of
Weld County, Colorado, ex -officio Housing Authority Board, that the Proposal of Insurance for the
Greeley -Weld County Housing Authority between the County of Weld, State of Colorado, by and
through the Board of County Commissioners of Weld County, on behalf of the Greeley -Weld
County Housing Authority, and Kinsale Insurance Company, do Arthur J. Gallagher Risk
Management Services, LLC, be, and hereby is, approved.
BE IT FURTHER RESOLVED by the Board that the Chair be, and hereby is, authorized
to sign said proposal.
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2024-2246
HA0031
PE0036
PROPOSAL OF INSURANCE FOR GREELEY-WELD COUNTY HOUSING AUTHORITY -
KINSALE INSURANCE COMPANY, C/O ARTHUR J. GALLAGHER RISK MANAGEMENT
SERVICES, LLC
PAGE 2
The above and foregoing Resolution was, on motion duly made and seconded, adopted
by the following vote on the 26th day of August, A.D., 2024, nunc pro tunc August 1, 2024.
BOARD OF COUNTY COMMISSIONERS
WELD COUNT O
ATTEST: Cd `d ;ok.
Weld County Clerk to the Board
BY: UltICCFM• (t.JciA
Deputy Clerk to the Board
APP •VED AS
ounty A orney
Date of signature: glzR'Z
Keyi-62. Ross, Chair
Perry L.
ck, Pro-Tem
ike Freeman
Saine
2024-2246
HA0031
PE0036
Conivac+1 49
BOARD OF COUNTY COMMISSIONERS
PASS -AROUND REVIEW
PASS -AROUND TITLE: Proposal of Insurance for Weld County Housing Authority
DEPARTMENT: Human Resources DATE: 7/25/24
PERSON REQUESTING: Jill Scott, CHRO and Kelly Leffler, Risk Manager
Brief description of the problem/issue:
We have received the proposal for insurance for Weld County Housing Authority for 24-25. The quote shows a
flat renewal from Kinsale with expiring limits. The renewal premium will be $10,579.13, showing a 0% increase
from the previous year.
What options exist for the Board?
Singing the renewal quote to bind with the broker's recommendation, or not bind and risking an uninsured loss.
Recommendation:
Signing the renewal quote and to move forward with binding with Kinsale per AJG's recommendation. It is
recommended to complete the "Client Authorization to Bind Coverage" by completing the signature section on
page 13 of the attached document.
Support Recommendation Schedule
Place on BOCC Agenda Work Session Other/Comments:
Perry L. Buck, Pro-Tem
Mike Freeman
Scott K. James
Kevin D. Ross , Chair
Lori Saine
M F
k+-
2024-2246
WZL0
Peo03(0
f\B000 3
Proposal of Insurance
Weld County Housing Authority
PO Box 758
1150 "O" Street
Greeley. CO 80631
Presentation Date: July 22. 2024
Effective Date: August 01, 2024
Jeff Kassal
Producer
Arthur J Gallagher Risk Management Services, LLC
6300 South Syracuse Way Suite 700
Centennial CO 80111
(303) 889 2530
Jeff Kassal1ajq.com
AJG License Nos. IL 100292093 / CA OD69293
Gallagher
Insurance
Risk Management
_ —
alSsammi
•
Consulting
2024—zz4+co
Weld County Housing Authority
Proposal Summary
We appreciate the opportunity to quote your business insurance. This proposal is a summary of policy terms and
conditions.
• We have been able to achieve renewal goals by negotiating your renewal with the incumbent carrier
This proposal provides coverage highlights along with the attached carrier quotations for the following coverages:
• Directors & Officers
It is recommended that you consider purchasing coverage for the following, which are not included in your insurance
program:
• Malicious Attack/Active Shooter
We are not aware of any changes in your exposures to loss, nor are we aware of any changes in your business
o perations that would necessitate additional coverage options. Please notify us immediately if you are planning any
n ew business operations.
The values and schedules are per the expiring policy or the information you have previously provided. It is your
responsibility to notify us of all necessary changes to your schedules
Information contained in this proposal is intended to provide a brief overview of coverages. It should be used for
reference purposes only. It is not intended to provide a full list of policy exclusions, limitations. and conditions. The
provided quotes should be reviewed for further details. Coverage afforded to you is subject to all terms, conditions,
and exclusions of the bound and issued policies.
To Bind Coverage:
In order to bind coverage, we will need:
• Signed & Dated "Client Authorization to Bind Page" (last page of our attached quote letter)
• Signed Application
• Updated Financials - CAFR & Budget
Thank you for allowing Gallagher to service your insurance needs. We appreciate your business and look
forward to working with you in the coming year. Please contact me if you have any questions.
Sincerely,
N K
Nathan Kathol
Client Service Executive
Enclosure
Car Gallagher
Insurance Risk Management I Consulting
2
Gallagher
Insurance I Risk Management I Consulting
Weld County Housing Authority
Premium Summary
The estimated program cost for the options are outlined in the following table:
Premium
Summary
2023
2024
Base
Premium
$10,221.00
$10,221.00
Fees
$50.00
$50.00
Taxes
$308.13
$308.13
Total
Premium
$10,579.13
$10,579.13
'Estimated Cost includes all taxesfees surcharges and TRIA premium (if applicable)
Premiums are due and payable as billed and may be financed, subject to acceptance by an approved finance company Following
acceptance. completion (and signature) of a premium finance agreement with the specified down payment is required. Note: Unless
prohibited by law, Gallagher may earn compensation for this optional value-added service.
Gallagher is responsible for the placement of the following lines of coverage: Directors & Officers.
It is understood that any other type of exposure/coverage is either self -insured or placed by another brokerage firm other than
Gallagher. If you need help in placing other lines of coverage or covering other types of exposures, please contact your Gallagher
representative.
Named Insured
Named Insured
Directors & Officers
Weld County Housing Authority
X
Note: Any entity not named in this proposal may not be an insured entity. This may include affiliates, subsidiaries.
LLCs, partnerships, and joint ventures.
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Gallagher
Insurance I Risk Management I Consulting
Weld County Housing Authority
Market Review
We approached the following carriers in an effort to provide the most comprehensive and cost effective insurance
program.
Line Of Cov'age
Insurance ompany ** f • }''. Best
Rate/Financial Stren . th
M ket Re ponse *
Admitted ***
Directors & Officers
Hudson Excess Insurance Company (A+
XV)
Quoted
Non -Admitted
*If shown as an indication, the actual premium and acceptance of the coverage requested will be determined by the market after a
thorough review of the completed application.
**Gallagher companies use AM Best rated insurers and the rating listed above was verified on the date the proposal document was
created.
Best's Credit Ratings TM reproduced herein appear under license from AM Best and do not constitute. either expressly or impliedly,
an endorsement of Gallagher's service or its recommendations. AM Best is not responsible for transcription errors made in
presenting Best's Credit RatingsTM. Best's Credit RatingsTM are proprietary and may not be reproduced or distributed without the
express written permission of AM Best.
A Best's Financial Strength Rating is an independent opinion of an insurer's financial strength and ability to meet its ongoing
insurance policy and contract obligations. It is not a warranty of a company's financial strength and ability to meet its obligations to
policyholders. Best's Credit Ratings TM are under continuous review and subject to change and/or affirmation. For the latest Best's
Credit Ratings TM and Guide to Best's Credit Ratings. visit the AM Best website at http://www.ambest.com/ratinqs.
***If coverage placed with a non -admitted carrier. it is doing business in the state as a surplus lines or non -admitted carrier, and is
neither subject to the same regulations as an admitted carrier nor do they participate in any state insurance guarantee fund.
Gallagher companies make no representations and warranties concerning the solvency of any carrier, nor does it make any
representation or warranty concerning the rating of the carrier which may change.
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4111CM
Gallagher
Insurance I Risk Management I Consulting
Weld County Housing Authority
Coverage Highlights
Directors
& Officers
Policy
Term a piS a
lill 08/01PASIP88/01/2025
Carrier Information
Hudson
Excess
Insurance Company
Payment
Plan
Premium is
due 30 days
from
inception
Payment
Method
_ Agency
Bill
Directors
& Officers
Liability
Premium
$10,221.00
Terrorism —
TRIA
(Included)
0.00%
Surplus
Lines
Taxes &
Fees
$308 13
Carrier Administration
Fee
$50.00
Total
D&O Premium
$10,579.13
Exposure
Financials
& Officer
Count
Auditable
/
Frequency
Auditable
Policy
Layer
Primary
Directors.
Officers
and
Company
Liability:
Limit of
Insurance —
Each
Claim
$1.000.000
Limit
of
Insurance - Aggregate
$1.000.000
Sub
seeking
-limit
for
non
defense
-monetary
costs
relief
for
claims
$50,000
Form
Type
Claims
-Made.
Retroactive
Date
8/1/2011
Prior & Pending
Litigation
Date
8/1/2023
Refer
to
attached
polic
form.
Dfir4-00r.i.-witi•4f
=a►•.•
i# n' Provisions
Refer
to
attached
policy
form.
Claims
Made
Disclaimer
is
Should
provided)
reporting
conditions.
writing
cost
premium
only
wrongful
have
carrier
extended
subject
of
to
been
to
this
those
you
within
endorsement
the
and
acts
or
reporting
to
elect
You
extended
covered
non
carrier
is
claims
that
([30])
all
policy
-renew
must
fully
to
occurred
days
period
change
by
within
reporting
earned.
made
request
terms,
the
this
may
of
([30])
during
policy.
the
does
carriers
policy,
be
prior
conditions
the
The
available
period
end
not
days
to
extended
extended
the
the
Claims
(if
a
of
increase
supplemental
is
extended
of
the
a
expiration
new
the
[100]%
and
subject
must
policy
reporting
reporting
exclusions
retroactive
expiration
the
reporting
be
to
of
period.
limits
date
reported
extended
policy
the
period
period
annual
and
of
date
date.
The
liability
terms
period
would
to
in
extends
is
The
the
and
for
and
Additional
insureds
limit
of
liability
for individual
Automatic
subsidiary
threshold
90 -day
post
policy
reporting
window.
Policy
is non -rescindable.
Significant
form/endorsements.
policy
endorsements
include,
but
are not
limited
to.
those
listed
on
the attached
quote/policy
Significant
form/endorsements.
policy
exclusions
include.
but
are not
limited
to.
those
listed
on
the attached
quote/policy
Directors.
Officers
and
Company
Liability:
Deductible
$25.000
1)
effective
Currently
date).
signed
and
dated
version of
the
submitted
Kinsale
application
(within
30 day
period
prior
to
5
Gallagher
Insurance I Risk Management I Consulting
Weld County Housing Authority
2) Copy of the Applicant's current operating budget for the next 12 months.
3) Copy of the Applicant's most recent balance sheet statement (preferably audited).
4) Copy of the Applicant's most recent income statement (preferably audited).
Contingency items must be submitted to a Kinsale Underwriter for favorable review prior to a bind
request to confirm this
quote remains valid. Quote subject to revision or withdrawal pending final review.
6
Gallagher
Insurance I Risk Management I Consulting
Weld County Housing Authority
Claims Reporting By Policy
Immediately report all claims. Each insurer requires notice of certain types of claims depending on the potential
exposure or particular injury types. It is important to thoroughly review your policy to ensure you are reporting
particular incidents and claims. based upon the insurer's policy requirements.
If you are using a third party administrator ("TPA"), your TPA may or may not report claims to an insurer on your
behalf. Although we will assist you where requested, it is important that you understand whether your TPA will be
completing this notification.
Reporting Direct to Carrier [Only When Applicable]
•
•
Immediately report claims directly to:
Insurer/TPA Name: Kinsale Insurance Company
Fax: 1-804-482-2762
Email: newclaimnotices kinsaleins.com
Insurer Kinsale Insurance Company
Policy Term: 08/01/2024 - 08/01/2025
Reporting to Gallagher or Assistance in Reporting
Gallagher Claim Center
Policy Term: 08/01/2023 - 08/01/2024
Immediately report claims directly to:
Phone: 855-497-0578
Fax: 225-663-3224
Email: ggb.nrcclaimscenter(a�a
q.com
7
1:16
Gallagher
Insurance I Risk Management I Consulting
Weld County Housing Authority
Proposal Disclosures
The following disclosures are hereby made a part of this proposal. Please review these disclosures prior to signing the Client
Authorization to Bind or e-mail confirmation.
Proposal Disclaimer
IMPORTANT: The proposal and/or any executive summaries outline certain terms and conditions of the insurance proposed
by the insurers, based on the information provided by your company. The insurance policies themselves must be read to
fully understand the terms, coverages, Exclusions including but not limited to:, limitations and/or conditions of the actual
policy contract of insurance. Policy forms will be made available upon request We make no warranties with respect to
policy limits or coverage considerations of the carrier.
Compensation Disclosure
1. Gallagher Companies are primarily compensated from the usual and customary commissions. fees or, where permitted. a
combination of both. for brokerage and servicing of insurance policies. annuity contracts. guarantee contracts and surety
bonds (collectively "insurance coverages") handled for a client's account, which may vary based on market conditions and
the insurance product placed for the client.
2. In placing, renewing, consulting on or servicing your insurance coverages, Gallagher companies may participate in
contingent and supplemental commission arrangements with intermediaries and insurance companies that provide for
additional compensation if certain underwriting. profitability, volume or retention goals are achieved. Such goals are typically
based on the total amount of certain insurance coverages placed by Gallagher with the insurance company, not on an
individual policy basis. As a result, Gallagher may be considered to have an incentive to place your insurance coverages
with a particular insurance company. If you do not wish to have your commercial insurance placement included in
consideration for additional compensation, contact your producer or service team for an Opt -out form.
3. Gallagher Companies may receive investment income on fiduciary funds temporarily held by them. or from obtaining or
generating premium finance quotes. unless prohibited by law.
4. Gallagher Companies may also access or have an ownership interest in other facilities, including wholesalers:
reinsurance intermediaries. captive managers. underwriting managers and others that act as intermediaries for both
Gallagher and other brokers in the insurance marketplace some of which may earn and retain customary brokerage
commission and fees for their work.
If you have specific questions about any compensation received by Gallagher and its affiliates in relation to your insurance
placements, please contact your Gallagher representative for more details
TRIA/TRIPRA Disclaimer
If this proposal contains options to purchase TRIA/TRIPRA coverage, the proposed TRIA/TRIPRA program may not cover
all terrorism losses While the amendments to TRIA eliminated the distinction between foreign and domestic acts of
terrorism, a number of lines of coverage excluded under the amendments passed in 2005 remain excluded including
commercial automobile, burglary and theft insurance: surety insurance. farm owners multiple perils and professional liability
(although directors and officers liability is specifically included). If such excluded coverages are required. we recommend
that you consider purchasing a separate terrorism policy. Please note that a separate terrorism policy for these excluded
coverages may be necessary to satisfy loan covenants or other contractual obligations. TRIPRA includes a $100 billion cap
on insurers' aggregate liability.
TRIPRA is set to expire on December 31, 2027. There is no certainty of extension. thus the coverage provided by your
insurers may or may not extend beyond December 31, 2027. In the event you have loan covenants or other contractual
obligations requiring that TRIA/TRIPRA be maintained throughout the duration of your policy period. we recommend that a
separate "Stand Alone"" terrorism policy be purchased to satisfy those obligations.
Property Estimator Disclaimer
These property values were obtained using a desktop Property Estimator software operated by non -appraisal professionals.
These property values represent general estimates which are not to be considered a certified appraisal. These property
values include generalities and assumptions that may produce inaccurate values for specific structures.
Terms and Conditions
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Gallag er
insurance I Risk Management I Consulting
Weld County Housing Authority
It is important that we clearly outline the nature of our mutual relationship. The following terms and conditions (these `Terms")
govern your relationship with Gallagher unless you have separately entered into a written services agreement with Gallagher
relative to the policies and services outlined in this Proposal, in which case that services agreement will govern and control
with respect to any conflicts with these Terms. These Terms will become effective upon your execution of the Client
Authorization to Bind Coverage (the "CAB") included in this Proposal and shall survive for the duration of your relationship
with Gallagher relative to the policies placed pursuant to the CAB or otherwise at your request.
Services
Gallagher will represent and assist you in all discussions and transactions with insurance companies relating to the lines of
insurance coverage set forth in the CAB and any other lines of insurance coverage with which you request Gallagher's
assistance. Gallagher will consult with you regarding any matters involving these or other coverages for which you have
engaged Gallagher. You have the sole discretion for approving any insurance policies placed. as well as all other material
decisions involving your risk management, risk transfer and/or loss prevention needs.
Although you are responsible for notifying applicable insurance companies directly in connection with any claims,. demands.
suits. notices of potential claims or any other matters as required by the terms and conditions of your policies, Gallagher will
assist you in determining applicable claim reporting requirements.
Treatment of Information
Gallagher understands the need to protect the confidentiality and security of your confidential and sensitive information and
strives to comply with applicable data privacy and security laws. Your confidential and sensitive information will be protected
by Gallagher and only used to perform services for you: provided that Gallagher may disclose and transfer your information
to our affiliates, agents or vendors that have a need to know such information in connection with the provision of such services
(including insurance markets. as necessary. for marketing, quoting. placing and/or servicing insurance coverages). We may
also disclose such information as required by applicable data protection laws or the order of any court or tribunal, subject to
our providing you with prior notice as permitted by law.
We will (i) implement appropriate administrative. physical and technical safeguards to protect personal information: (ii) timely
report security incidents involving personal information to affected parties and/or regulatory bodies: (iii) create and maintain
required policies and procedures: and (iv) comply with data subjects' rights, as applicable. To the extent applicable under
associated data protection laws. you are a "business" or "controller" and Gallagher is a "service provider" or "data processor."
You will ensure that any information provided to Gallagher has been provided with any required notices and that you have
obtained all required consents, if any and where required. or are otherwise authorized to transfer all information to Gallagher
and enable Gallagher to process the information for the purposes described in this Proposal and as set forth in Gallaher's
Privacy Policy located at https://www.ajg.com/privacy-policy/. Gallagher may update its Privacy Policy from time to time and
any updates will be posted to such site.
Dispute Resolution
Gallagher does not expect that it will ever have a formal dispute with any of its clients. However. in the event that one should
arise, we should each strive to achieve a fair, expedient and efficient resolution and we'd like to clearly outline the resolution
process.
A If the parties have a dispute regarding Gallagher's services or the relationship governed by this Proposal ("Dispute"),
each party agrees to resolve that Dispute by mediation. If mediation fails to resolve the Dispute, you and Gallagher agree
to binding arbitration. Each party waives all rights to commence litigation in court to resolve a Dispute, and specifically
waives all rights to pursue relief by class action or mass action in court or through arbitration. However, the parties do
not waive the ability to seek a court order of injunction in aid of the mediation and arbitration required by these Terms.
B The party asserting a Dispute must provide a written notice ("Notice") of the claim to the other party and to the American
Arbitration Association ("AAA") in accordance with its Commercial Arbitration Rules and Mediation Procedures. All
Dispute resolutions will take place in Chicago. IL. unless you and Gallagher agree to another location. The parties will
equally divide all costs of the mediation and arbitration proceedings and will each pay their own attorneys' fees. All
matters will be before a neutral. impartial and disinterested mediator or arbitrator(s) that have at least 20 years' experience
in commercial and insurance coverage disputes.
C Mediation will occur within sixty (60) days of filing the Notice with the AAA. Mediation results will be reduced to a
memorandum of understanding signed by you. Gallagher and the mediator. A Dispute that is not resolved in mediation
will commence to binding arbitration. For Disputes in excess of $500,000. either party may elect to have the Dispute
heard by a panel of three (3) arbitrators. The award of the arbitrator(s) must be accompanied by a reasoned opinion
9
Gallagher
Insurance ! Risk Management I Consulting
-•l • .•ASSa ._z .n— '.111.•;Ale.
Weld County Housing Authority
prepared and signed by the arbitrator(s). Except as may be required by law, neither you. Gallagher, nor a mediator or
arbitrator may disclose the existence, content or results of any Dispute or its dispute resolution proceeding without the
prior written consent of both you and Gallagher.
Electronic Delivery
In lieu of receiving documents in paper format, you agree, to the fullest extent permitted by law. to accept electronic delivery
of any documents that Gallagher may be required to deliver to you (including, but not limited to. insurance policies and
endorsements. account statements and all other agreements, forms and communications) in connection with services provided
by Gallagher. Electronic delivery of a document to you may be made via electronic mail or by other electronic means. including
posting documents to a secure website.
Miscellaneous Terms
Gallagher is engaged to perform services as an independent contractor and not as your employee or agent, and Gallagher
will not be operating in a fiduciary capacity.
Where applicable. insurance coverage placements and other services may require the payment of federal excise taxes,
surplus lines taxes, stamping or other fees to the Internal Revenue Service, various State(s) departments of revenue, state
regulators. boards or associations. In such cases, you will be responsible for the payment of the taxes and/or fees. which
Gallagher will separately identify on related invoices.
The Proposal and these Terms are governed by the laws of the State of Illinois. without regard to its conflict of law rules.
If an arbitrator/court of competent jurisdiction determines that any provision of these Terms is void or unenforceable, that
provision will be severed, and the arbitrator/court will replace it with a valid and enforceable provision that most closely
approximates the original intent. and the remainder of these Terms will remain in effect.
Except to the extent in conflict with a services agreement that you may enter into with Gallagher. these Terms and the
remainder of the Proposal constitute the entire agreement between you and Gallagher with respect to the subject matter of
the Proposal, and supersede all prior negotiations. agreements and understandings as to such matters.
10
Gallagher
Insurance I Risk Management I Consulting
Weld County Housing Authority
Bindable Quotations & Compensation Disclosure Schedule
Client Name: Weld County Housing Authority
Wholesaler, MGA,
Coverage Insurance Company or Intermediary
Name'
Est. Annual Comm. %
Premium2 or Fee3
Gallagher U.S.
Owned
Wholesaler, MGA,
or Intermediary %
and/or Fee
Directors & Officers
Kinsale Insurance
Company _
Risk Placement
Services
$10;221.001 10%
1 We were able to obtain more advantageous terms and conditions for you through an intermediary/ wholesaler.
2 If the premium is shown as an indication: The premium indicated is an estimate provided by the market. The actual premium and
acceptance of the coverage requested will be determined by the market after a thorough review of the completed application.
3 The commission rate is a percentage of annual premium excluding taxes & fees.
11
15%
Gallagher
Insurance ! Risk Management I Consulting
Weld County Housing Authority
Client Authorization to Bind Coverage
After careful consideration of Gallagher's proposal dated 07/22/2024. we accept the following coverage(s). Please check
the desired coverage(s) and note any coverage amendments below:
•
❑ Accept ❑ Reject
Directors & Officers
Kinsale Insurance Company
TRIA
Description/Major Differences
❑ Accept ❑ Reject
$10,579.13
*For this coverage. TRIA cannot be rejected
Additional Recommended Coverages
Gallagher recommends that you purchase the following additional coverages for which you have exposure. By checking
the box(es) below, you are requesting that Gallagher provide you with a Proposal for this coverage. By not requesting a
Proposal for this coverage. you assume the risk of any uncovered loss.
Malicious Attack/Active Shooter
The above coverage(s) does not necessarily represent the entirety of available insurance products. If you are interested in
pursuing additional coverages other than those listed in the Additional Recommended Coverages. please list below:
Other Services to Consider
Yes
No - CORE360TM STEP
❑ Yes D No — eRiskHub
Exposures and Values
You confirm the payroll, values, schedules, and any other information pertaining to your operations, and submitted to the
underwriters, were compiled from information provided by you. If no updates were provided to Gallagher, the values,
exposures and operations used were based on the expiring policies. You acknowledge it is your responsibility to notify
Gallagher of any material change in your operations or exposures.
12
CAO
Gallagher
Insurance I Risk Management I Consulting
Weld County Housing Authority
Additional Terms and Disclosures
Gallagher is not an expert in all aspects of your business. Gallagher's Proposals for insurance are based upon the
information concerning your business that was provided to Gallagher by you. Gallagher expects the information you
provide is true, correct and complete in all material respects. Gallagher assumes no responsibility to independently
investigate the risks that may be facing your business, but rather have relied upon the information you provide to
Gallagher in making our insurance Proposals.
Gallagher's liability to you arising from any of Gallagher's acts or omissions will not exceed $20 million in the aggregate
The parties each will only be liable for actual damages incurred by the other party. and will not be liable for any indirect,
special, exemplary, consequential. reliance or punitive damages. No claim or cause of action, regardless of form (tort,
contract, statutory, or otherwise). arising out of, relating to or in any way connected with the Proposal, any of Gallagher's
services or your relationship with Gallagher may be brought by either party any later than two (2) years after the accrual of
the claim or cause of action.
Gallagher has established security controls to protect Client confidential information from unauthorized use or disclosure.
For additional information, please review Gallagher's Privacy Policy located at https://www.alg.com/privacy-policy/.
You have read, understand and agree that the information contained in the Proposal and all documents attached to and
incorporated into the Proposal, is correct and has been disclosed to you prior to authorizing Gallagher to bind coverage
and/or provide services to you. By signing below. or authorizing Gallagher to bind your insurance coverage through email
when allowed, you acknowledge you have reviewed and agree with terms, conditions and disclosures contained in the
Proposal.
By: Kevin D. Ross
Print Name (Specify Title)
Chair, Weld County Board of Commissioners
Company
•
Signature
Date: July 30, 2024
2oz4-224�0
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Gall • gher
Insurance I Risk Management I Consulting
Contract Form
Entity Information
Entity Name*
ARTHUR J GALLAGHER RISK
MANAGEMENT SERVICES, INC
Entity ID*
@00000344
Contract Name*
HOUSING AUTHORITY INSURANCE RENEWAL
Contract Status
CTB REVIEW
❑ New Entity?
Contract ID
8649
Contract Lead *
BPETERSON
Contract Lead Email
bpeterson@weld.gov
Contract Description*
INSURANCE RENEWAL FOR HOUSING AUTHORITY WITH GALLAGHER
Contract Description 2
PLEASE PROCESS CONSENT
Contract Type*
RENEWAL
Amount*
$10,579.13
Renewable *
YES
Automatic Renewal
Grant
IGA
Department
HUMAN RESOURCES
Department Email
CM-
HumanResources@weldgo
v.com
Department Head Email
CM-HumanResources-
DeptHead@weldgov.com
County Attorney
GENERAL COUNTY
ATTORNEY EMAIL
County Attorney Email
CM-
COUNTYATTORNEY@WEL
D.GOV
If this is a renewal enter previous Contract ID
If this is part of a MSA enter MSA Contract ID
Parent Contract ID
Requires Board Approval
YES
Department Project #
Requested BOCC Agenda Due Date
Date* 08/22/2024
08/26/2024
Will a work session with BOCC be required?*
HAD
Does Contract require Purchasing Dept. to be
included?
Note: the Previous Contract Number and Master Services Agreement Number should be left blank if those contracts
are not in OnBase
Contract Dates
Effective Date
07/30/2024
Review Date *
05/01/2025
Renewal Date*
07/29/2025
Termination Notice Period Committed Delivery Date Expiration Date
Contact Information
Contact Info
Contact Name Contact Type Contact Email Contact Phone 1 Contact Phone 2
Purchasing
Purchasing Approver Purchasing Approved Date
CONSENT 08/22/2024
Approval Process
Department Head
JILL SCOTT
DH Approved Date
08/22/2024
Final Approval
BOCC Approved
BOCC Signed Date
BOCC Agenda Date
08/26/2024
Finance Approver
CONSENT
Legal Counsel
CONSENT
Finance Approved Date Legal Counsel Approved Date
08/22/2024 08/22/2024
Tyler Ref #
AG 082624
Originator
BPETERSON
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