[gsis_admins] Re: FW: GSIS

  • From: Denise Epperson <denise.epperson@xxxxxxxx>
  • To: gsis_admins@xxxxxxxxxxxxx
  • Date: Wed, 1 Jul 2015 16:53:53 -0400

My opinion would be, if we are getting the same coverage for a lesser
amount, let's go with the lesser amount. Is it possible to get a quote
from Dan and the Trade Center for the Event?

On Wed, Jul 1, 2015 at 12:07 PM, Jesse Peavy <jpeavy@xxxxxxxxxxxxxxxxxx>
wrote:

If we leave it the same, the price will be around $4000 with the added
liability coverage required. If we separate the policies, the estimated
cost will be around $2500 for the D&O plus the Event Policy.



I think the current policy has a $1,000,000 liability limit and we are
required by the Trade Center to have $3,000,000. So our current policy, as
is, would see a significant increase. Donna…I think the current policy
price is slightly over $2000???



Also, Dan suggested he would be glad to either talk or meet with the
entire board.



We would have the same coverage but with two different policies.

jp



*From:* gsis_admins-bounce@xxxxxxxxxxxxx [mailto:
gsis_admins-bounce@xxxxxxxxxxxxx] *On Behalf Of *Carolyn Oliver
*Sent:* Wednesday, July 01, 2015 11:24 AM
*To:* gsis_admins@xxxxxxxxxxxxx
*Subject:* [gsis_admins] Re: FW: GSIS



We talked about this at the meeting and everyone wanted to leave it the
same because not all of the board members are considered directors or
officers. However, we still can go with the D&O and get a special events
policy for just the conference.



Carolyn



P.S. I really am on vacation . . . just had to come in today for a
couple of hours to handle something.



*From:* gsis_admins-bounce@xxxxxxxxxxxxx [
mailto:gsis_admins-bounce@xxxxxxxxxxxxx <gsis_admins-bounce@xxxxxxxxxxxxx>]
*On Behalf Of *Jesse Peavy
*Sent:* Tuesday, June 30, 2015 4:42 PM
*To:* gsis_admins@xxxxxxxxxxxxx
*Subject:* [gsis_admins] Re: FW: GSIS



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 <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 <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
<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 <912-234-4476%20x3057> | 866-433-4476
<866-433-4476> | Fax: 912-232-8490 <912-232-8490> *

*www.thepoweroftheshield.com <http://www.poweroftheshield.com>*








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--

Thank you,

Denise Epperson
Administrative Technology
Griffin-Spalding County Schools
770-229-3710 x 315
770-229-3708

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