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HomeMy WebLinkAbout2026-367-07.06.2026.docDocusign Envelope ID: AF1A158D-DDOE-8E16-8256-5798860AE9CE Prepared by LeAnn M. Even, Deputy City Clerk, City of Waterloo, 715 Mulberry Street, Waterloo, IA 50703, (319) 291-4323. RESOLUTION NO. 2026-367 RESOLUTION APPROVING LIABILITY INSURANCE COVERAGE WITH CHUBB, TRAVELERS, ARCH, ALLIED, COWBELL, SAFETY NATIONAL FOR PROPERTY, TORT, EMPLOYMENT PRACTICES, PUBLIC OFFICIALS, LAW ENFORCEMENT LIABILITY, AUTO, CYBER, WORKER'S COMPENSATION, UMBRELLA, CRIME AND FIDELITY, EXCESS LIABILITY INSURANCE, AND THIRD -PARTY ADMINISTRATOR SERVICES, IN THE AMOUNT OF $2,461,749, AUTHORIZE THE CITY CLERK TO EXECUTE NECESSARY DOCUMENTS. WHEREAS the City of Waterloo, Iowa, has received proposals for insurance coverage and related services necessary to protect the City's interests with respect to property, tort, employment practices, public officials, law enforcement liability, automobile, cyber, workers' compensation, umbrella, crime and fidelity, and excess liability exposures, together with third party administrator services; and WHEREAS, it is in the best interest of the City to approve liability insurance coverage with Chubb, Travelers, Arch, Allied, Cowbell, and Safety National for such coverages and services in the total amount of $2,461,749; and WHEREAS, the City Clerk should be authorized to execute such applications, binders, certificates, agreements, and other documents as may be necessary to effectuate said insurance coverage and related services. NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF WATERLOO, IOWA, 1. Liability insurance coverage with Chubb, Travelers, Arch, Allied, Cowbell, and Safety National for property, tort, employment practices, public officials, law enforcement liability, auto, cyber, workers' compensation, umbrella, crime and fidelity, excess liability insurance, and third party administrator services, in the total amount of $2,461,749, is hereby approved. 2. The City Clerk is authorized and directed to execute said documents on behalf of the City of Waterloo, Iowa. PASSED AND ADOPTED this 6th day of July 2026. p—Signed by: bOGSU , ATTEST: Signed by: Uhl f rrGODCOrrDCG4AD.. Kelley Felchle, City Clerk JJJJJ • 1 ■.iiir D va i iECes n47Mayor