[gsis_admins] Re: FW: GSIS

  • From: "Willis, Priscilla" <WillisP@xxxxxxxxxxxxxx>
  • To: "'gsis_admins@xxxxxxxxxxxxx'" <gsis_admins@xxxxxxxxxxxxx>
  • Date: Tue, 30 Jun 2015 19:48:58 +0000

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] On Behalf Of Jesse Peavy
Sent: Tuesday, June 30, 2015 11:06 AM
To: gsis_admins@xxxxxxxxxxxxx
Subject: [gsis_admins] FW: GSIS


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

Dan is recommending the 3-year option for the D&O policy at an annual rate of


From: Dan Pavlin, CPCU, ARM [mailto:DPavlin@xxxxxxxxx]
Sent: Monday, June 29, 2015 4:58 PM
To: Jesse Peavy
Subject: GSIS


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

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




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