2017/10/04 Council Agenda Packet

5 RAF: 01/10/2017 LIABILITY COVERAGE DOCUMENT -.mew COVERAGE DECLARATIONS WAS.HINGTON STATE TRANSIT • COVERAGE DOCUMENT NO.WSTIP 2017 -ET INSURANCE POOL • MEMBER: City of Everett—Transit Division (Everett Transit) ADDRESS: 3225 Cedar St, Everett WA 98201 COVERAGE PERIOD: FROM: To: January 1,2017 12:01 AM January 1, 2018 12:01 AM The Coverage Document for the Pool consists of Coverage Declarations,Table of Contents, Introduction, and Coverage Part. Notwithstanding anything in the Coverage Document to the contrary,the Pool shall only cover losses resulting from transit operations. In return for the payment of the contribution, and subject to all the terms of the Coverage Document,the Washington State Transit Insurance Pool agrees to provide the coverage as stated in the Coverage Document. THERE IS NO DEDUCTIBLE. COVERAGE IN EXCESS OF THE POOL'S RETENTION OF $2,500,000 IS IN LAYERS. THE LAYER FROM $2,500,000 TO$5,000,000 IS PROVIDED BY GOVERNMENT ENTITIES MUTUAL, INC. (GEM). THE LAYER FROM$5,000,000 TO$15,000,000 IS PROVIDED BY MUNICH REINSURANCE AMERICA, INC.THE LAYER FROM$15,000,000 TO$20,000,000 IS PROVIDED BY ARCH INSURANCE COMPANY. THE COVERAGES IN EXCESS OF THE POOL'S RETENTION ARE SUBJECT TO THE TERMS, CONDITIONS, AND LIMITATIONS IN THE RESPECTIVE REINSURANCE OR EXCESS INSURANCE AGREEMENTS. COVERAGE: - LIMITS OF LIABILITY Each Occurrence(but in the aggregate for A.Bodily Injury and Property Damage Liability $20,000,000 Products/Completed Operations Hazard) B.Personal Injury and Advertising Injury Liability $20,000,000 Each Offense Liability $35,000 Each Occurrence C. Vanpool Driver Medical Expense Protection D. Underinsured Motorists Coverage(see Member $60,000 Each Occurrence for Bodily Injury request for cfass(es)of vehicles covered). $50,000 Each Event E. Cyber Intrusion Washington State Transit Insurance Pool fen F. Hatten, Executive Director January 1, 2017 15