We discussed this at our last meeting. We decided to stay with what we had but
I can’t remember all the details. I’m going to look at the minutes as soon as
I can get them opened.
From: gsis_admins-bounce@xxxxxxxxxxxxx
[mailto:gsis_admins-bounce@xxxxxxxxxxxxx] On Behalf Of Jesse Peavy
Sent: Tuesday, June 30, 2015 11:06 AM
To: gsis_admins@xxxxxxxxxxxxx
Subject: [gsis_admins] FW: GSIS
Greetings,
Please read the email below from Dan. Basically, the Directors & Officers
(D&O) policy would cover liability issues when we hold our meetings and then we
will get a separate conference (event) policy nearer to our conference in
February.
Dan is recommending the 3-year option for the D&O policy at an annual rate of
$744.
Thoughts…Questions???
Jesse
From: Dan Pavlin, CPCU, ARM [mailto:DPavlin@xxxxxxxxx]
Sent: Monday, June 29, 2015 4:58 PM
To: Jesse Peavy
Subject: GSIS
Jesse,
Please see the attached D&O proposal. I would choose the Standard Form option
at $1,000,000 and lock it in for three years (paid annually). This would
fulfill your primary need, Directors and Officers Coverage, and we can place a
separate event policy closer to the date of your event when you need General
Liability.
The current policy will cost over $2,000 and you will need a $2,000,000
umbrella to make the International Trade Center happy at a cost of another
$2,000. This no longer seems to be the most effective option. I believe we can
place coverage for much less through other means.
So your current policy can be cancelled, cutting your immediate cost by $1400
and your future cost can be renegotiated to meet the need specifically of the
special event. To give you an example, many carriers have a $500 per million
minimum premium. This could mean a $1,000 savings alone compared with the
current provider.
The policy attached includes full prior acts coverage, third party harassment,
defense for non-monetary claims and a number of other extensions.
Dan Pavlin, CPCU, ARM
Vice President - Commercial Lines
Bernard Williams & Company, LLC
6001 Chatham Center Drive | Suite 100 | Savannah | Georgia | 31405
Office: 912-234-4476 x3057 | 866-433-4476 | Fax: 912-232-8490
www.thepoweroftheshield.com<http://www.poweroftheshield.com>
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