[gsis_admins] Re: FW: GSIS

  • From: "Jesse Peavy" <jpeavy@xxxxxxxxxxxxxxxxxx>
  • To: <gsis_admins@xxxxxxxxxxxxx>
  • Date: Tue, 30 Jun 2015 16:42:28 -0400

That is my opinion too Priscilla. I think we can even purchase Event Insurance
from the Trade Center. If so, we can weigh out the best option…either with the
Trade Center or the Bernard Williams Insurance Group.



jp



From: gsis_admins-bounce@xxxxxxxxxxxxx
[mailto:gsis_admins-bounce@xxxxxxxxxxxxx] On Behalf Of Willis, Priscilla
Sent: Tuesday, June 30, 2015 3:49 PM
To: 'gsis_admins@xxxxxxxxxxxxx'
Subject: [gsis_admins] Re: FW: GSIS



As long as we have what is needed to satisfy the Trade Center Contract, I am
fine with whatever is best for the board.



From: gsis_admins-bounce@xxxxxxxxxxxxx
<mailto: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 <mailto: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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