HomeMy WebLinkAboutCrime_Insurance_Program_2022-23 CRIME INSURANCE PROGRAM
y I
Protection period:
• July 1,2022 to July 1,2023
Overview................................................1
Detail..................................................2-6
Definitions..............................................7
Member Roster........................................8
C11�l FORNU Schedule of Insurers.................................9
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C A L I F 0 R N I A
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CRIME INSURANCE PROGRAM
Overview
•
July 1,2022 C 22
(Supersedes C 21)
Program Crime Insurance Program(formerly Blanket Fidelity Bond)
Protection Period July 1,2022 at 12:01 a.m.to July 1,2023 at 12:01 a.m.Pacific Time
Covers Faithful Performance
Employee dishonesty, including theft, and failure of any employee to faithfully
perform their duties.Includes all employees,the Agency Treasurer,Agency Clerk and/
or Tax Collector,and any employee required by law to be individually bonded.
' Depositor's Forgery
•
Loss by forgery or alteration of,on or in any check,draft, promissory note or similar
written promise, order or direction to pay money that is made or drawn upon the
Member's accounts, including credit, debit, or charge cards, by someone acting as
the Member's agent, or that are purported to have been so made or drawn. This
• coverage protects you against forgery or alteration losses caused by a person other
than an employee.
•
Crime-Money and Securities
Covers loss of your money or securities by theft,disappearance or destruction while
they are on your premises,or on banking premises,or while your money or securities
are outside your premises in the possession of a messenger.This coverage protects
you from theft,robbery and safe burglary caused by persons other than an employee.
Computer Fraud
Theft directly related to the use of any computer to fraudulently cause a transfer of
money,securities or other property from inside the premises or banking premises to
a person or place outside those premises.
Limits $1,000,000 to$5,000,000 per Member(as selected by Member)
Deductible $5,000 to$100,000 per occurrence
Coverage Note California JPIA Members'individual premium calculations are based on total number
of employees and the insurer's minimum premium requirements. Excess limits are
available for additional premium.
THE ABOVE IS A SUMMARY ONLY.IT DOES NOT MODIFYTHE MEMORANDUM OF COVERAGE,
NORTHE REINSURANCE OR EXCESS INSURANCE DOCUMENTS.
FOR FULL COVERAGE DETAILS,SEETHE FULL CONTRACTS AND POLICIES ON FILE ATTHE CALIFORNIA JPIA OFFICE.
EFFECTIVE JULY 1,2022
Rev:07/1/22 Page 1
CRIME INSURANCE PROGRAM
Detail
July 1,2022 to July 1,2023
•
Covered Parties California Joint Powers Insurance Authority and participating members
Insurance Company/ National Union Fire Insurance Company of Pittsburgh,PA
Policy Number a Subsidiary of Chartis/Policy#14249761
*A.M.Best Guide Rating A,Excellent;
Financial Size Category XV,
Greater than $2,000,000,000
*Standard&Poor's Rating A+,Strong Financial Security
California Status Admitted
• Protection Period July 1,2022 at 12:01 a.m.to July 1,2023 at 12:01 a.m.Pacific Time
Optional Limits&Deductible Limit Options Available: Deductible Options Available:
(Per Member) $1,000,000 $ 5,000
$2,000,000 $10,000
• $3,000,000 $25,000
• $5,000,000 $25,000
Can also offer$50,000,$75,000 and $100,000 for any limit
THE ABOVE IS A SUMMARY ONLY.IT DOES NOT MODIFYTHE MEMORANDUM OF COVERAGE,
NORTHE REINSURANCE OR EXCESS INSURANCE DOCUMENTS.
FOR FULL COVERAGE DETAILS,SEETHE FULL CONTRACTS AND POLICIES ON FILE ATTHE CALIFORNIA JPIA OFFICE.
EFFECTIVE JULY 1,2022
Rev:07/1/22 Paget
CRIME INSURANCE PROGRAM
Detail
July 1,2022 to July 1,2023
•
Coverage Government Crime Policy on Discovery form including the following coverages:
• Employee Theft-Per Loss Coverage
• Forgery or Alteration including Credit,Debit or Charge Card Forgery
• Inside the Premises-Theft of Money and Securities
• Inside the Premises-Robbery and Safe Burglary of Other Property
• Outside the Premises(Money,Securities and Other Property)
• Computer Fraud
• Funds Transfer Fraud
• Money Orders and Counterfeit Money
Major Exclusions • Unauthorized disclosure of confidential information
(Including but not limited to) . Governmental Action
• • Indirect Loss
• Legal Fees and Expenses
• Nuclear Hazard
• Pollution
• War and Military Action
• • Inventory Shortages
• Trading Losses
• Accounting or Arithmetical Errors or Omissions
• Exchanges or Purchases
• Fire
• Money Operated Devices
• Motor Vehicles or Equipment and Accessories
• Transfer or Surrender or Property
• Vandalism
• Voluntary Parting of Title to Possession of Property
*SEE LAST PAGE FOR ADDITIONAL DETAILS
THE ABOVE IS A SUMMARY ONLY.IT DOES NOT MODIFYTHE MEMORANDUM OF COVERAGE,
NORTHE REINSURANCE OR EXCESS INSURANCE DOCUMENTS.
FOR FULL COVERAGE DETAILS,SEETHE FULL CONTRACTS AND POLICIES ON FILE ATTHE CALIFORNIA JPIA OFFICE.
EFFECTIVE JULY 1,2022
Rev:07/1/22 Page
CRIME INSURANCE PROGRAM
Detail
July 1,2022 to July 1,2023
•
Endorsements State Changes
(Including but not limited to) Additional Named Insured-Endorsement identifies individual member's limit
and deductible
• Omnibus Named Insured-Coverage extended to all Agencies,Authorities
and Districts(including Special Districts)which are governed directly by the
governing body of the Named Insured
• Faithful Performance of Duty for Government Employees/Amended-Individual
Member Limit
• Revision of Discovery and Prior Theft or Dishonesty$25,000 Sub-Limit
• Bonded Employees Exclusion Deleted
Credit,Debit or Charge Card Forgery
• Includes Volunteer Workers as Employees
• Includes Specified Non-Compensated Officers as Employees
• Includes Chairperson and Members of Specified Committees as Employees
(blanket coverage)
Includes Designated Persons or Classes of Persons as Employees-Any Director
or Trustees of any of those named as Insured-Amended to include any elected or
• appointed official as employee
• Includes Treasurers or Tax Collectors as Employees
• Includes Expenses Incurred to Establish Amount of Covered Loss-$75,000 Sub-
limit
• Employee Post-Termination-90 Days
• Cancellation of Policy- 120 Days NOC
• Includes Leased Workers as Employees
• Notice of Claim Reporting by Email
• Coverage Territory(excludes loss payments in violation of economic or trade
sanctions)
• Vendor Fraud-$1,000,000 Limit excess of vendor insurance policy required by
contract. If vendor policy is not valid or collectible,this sublimit applies to loss
excess of$500,000. Coverage not applicable if crime insurance is not required in
a written agreement
• Subrogation of Faithful Performance of Duty Claims-With respect to losses
resulting from the failure of any employee to faithfully perform his or her duties
as prescribed by law,the company may subrogate only due to actual fraud,
corruption,actual malice,or where the employee or a person or entity was
unjustly enriched
• Client's Property-$250,000 Sublimit with $25,000 Deductible
• Blanket Joint Loss Payable(if any)
• Coverage for Cal Works Program/Definition of Employees amended
• Impersonation Fraud Coverage-$250,000 Limit
THE ABOVE IS A SUMMARY ONLY.IT DOES NOT MODIFYTHE MEMORANDUM OF COVERAGE,
NORTHE REINSURANCE OR EXCESS INSURANCE DOCUMENTS.
FOR FULL COVERAGE DETAILS,SEETHE FULL CONTRACTS AND POLICIES ON FILE ATTHE CALIFORNIA JPIA OFFICE.
EFFECTIVE JULY 1,2022
Rev:07/1/22 Page 4
CRIME INSURANCE PROGRAM
Detail
July 1,2022 to July 1,2023
•
Claims Reporting Complete the incident reporting form on the California JPIA website,CJPIA.org and
report to:
Alliant Insurance Services,Inc.
Robert Frey,Claims Manager
Akbar Sharif,Claims Advocate
Akbar.SharifPalliant.com
100 Pine Street, 11 th Floor
San Francisco,CA 94111
Phone:415-403-1400
Fax:415-403-1466
• Submit a copy of a completed Notice to:
AIG
Financial Lines Claims
P.O.Box 25947
• Shawnee Mission,KS 66225
• Fax:866-227-1750
Email:c-claimPAIG.com
Broker Alliant Insurance Services,Inc.
Irvine,CA
Tom E.Corbett,Senior Vice President
Christopher Gray,Account Executive
Mariana Salyer,Account Manager
THE ABOVE IS A SUMMARY ONLY.IT DOES NOT MODIFYTHE MEMORANDUM OF COVERAGE,
NORTHE REINSURANCE OR EXCESS INSURANCE DOCUMENTS.
FOR FULL COVERAGE DETAILS,SEETHE FULL CONTRACTS AND POLICIES ON FILE ATTHE CALIFORNIA JPIA OFFICE.
EFFECTIVE JULY 1,2022
Rev:07/1/22 Page
CRIME INSURANCE PROGRAM
Detail
July 1,2022 to July 1,2023
•
THIS SUMMARY IS FOR INFORMATION PURPOSES ONLY AND DOES NOT AMEND,EXTEND OR ALTER THE POLICY IN ANYWAY.
PLEASE REFER TO THE POLICY FORM FOR COMPLETE COVERAGE TERMS,CONDITIONS AND EXCLUSIONS.
This summary of insurance is provided as a matter of convenience and information only.All information included in this summary including,but
not limited to,personal and real property values,locations,operations,products,data,automobile schedules,financial data and loss experience,
is based on facts and representations supplied to Alliant Insurance Services,Inc.byyou. This summary does not reflect any independent study or
investigation byAlliont Insurance Services,Inc.or its agents and employees.
Please be advised that this summary is also expressly conditioned on there being no material change in the risk between the date of this summary
and the inception date of the proposed policy(including the occurrence of any claim or notice of circumstances that may give rise to a claim
under any policy for which the policy being proposed is a renewal or replacement). In the event of such change of risk,the insurer may,at its sole
discretion,modifj,or withdraw this summary whether or not this offer has already been accepted.
• This summary is not confirmation of insurance and does not add to,extend,amend,change,or alter any coverage in any actual policy of insurance
you may have. All existing policy terms,conditions,exclusions,and limitations apply. For specific information regarding your insurance coverage,
please refer to the policy itself. Alliant Insurance Services,Inc.will not be liable for any claims arising from or related to information included in,or
omitted from,this summary of insurance.
• Alliant embraces a policy of transparency with respect to its compensation from insurance transactions.Details on our compensation policy,
• including the types of income that Alliant may earn on a placement are available on our website at www.alliontinsurance.com.For a copy of our
policy,or for any inquiries regarding compensation issues pertaining to your account,you may also contact us at:Alliant Insurance Services,Inc.,
Attention:General Counsel,701 B Street 6th Floor,San Diego,CA 92 10 1.
Analyzing insurers'overall performance and financial strength is a task that requires specialized skills and in-depth technical understanding of all
aspects of insurance company finances and operations.Insurance brokerages such as Alliant Insurance typically rely upon rating agencies for this
type of market analysis.Both A.M.Best and Standard and Poor's have been industry leaders in this area for many decades,utilizing a combination of
quantitative and qualitative analysis of the information available in formulating their ratings.
A.M.Best has an extensive database of nearly 6,000 Life/Health,Property Casualty and International companies.You can visit them at
www.ambest.com. For additional information regarding insurer financial strength ratings,visit Standard and Poor's website at
www.standardandpoors.com.
Our goal is to procure insurance for you with underwriters possessing the financial strength to perform.Alliant does not,however,guarantee the
solvency of any underwriters with which insurance or reinsurance is placed,and maintains no responsibility for any loss or damage arising from
the financial failure or insolvency of any insurer. We encourage you to review the publicly available information collected to enable you to make an
informed decision to acceptor reject a particular underwriter. To learn more about companies doing business in your state,visit the Department of
Insurance website for that state.
Important Notice:The Non-Admitted&Reinsurance Reform act(NRRA)went into effect on July 21,2011.Accordingly,surplus lines tax rates and
regulations are subject to change which could result in an increase or decrease of the total surplus lines taxes and/or fees owed on this placement. If
a change is required,we will promptly notifyyou.Any additional taxes and/or fees owed must be promptly remitted to Alliant Insurance Services,Inc.
THE ABOVE IS A SUMMARY ONLY.IT DOES NOT MODIFY THE MEMORANDUM OF COVERAGE,
NORTHE REINSURANCE OR EXCESS INSURANCE DOCUMENTS.
FOR FULL COVERAGE DETAILS,SEE THE FULL CONTRACTS AND POLICIES ON FILE ATTHE CALIFORNIA JPIA OFFICE.
EFFECTIVE JULY 1,2022
Rev:07/1/22 Page
CRIME INSURANCE PROGRAM
Definitions
July 1,2022 to July 1,2023
•
Employee Theft Including Faithful Provides coverage for loss of money, securities and other property resulting from
Performance of Duty theft committed by an employee. Coverage is also provided for loss of money,
securities and other property resulting from the failure of any employee to faithfully
perform his or her duties as prescribed by law,when such failure results in the loss of
covered property.
Forgery or Alteration Incl.Credit, Provides coverage for loss resulting directly from forgery or alteration of checks,
Debit or Charge Card Forgery drafts, promissory notes or similar written promises, orders or directions to pay a
certain sum of money. Coverage is extended to include credit,debit or charge card
forgery.
Inside The Premises- Provides coverage for loss of money and securities inside the premises or banking
• Theft Of Money And Securities premises resulting directly from theft,disappearance or destruction.
Inside The Premises-Robbery Or Provides coverage for loss of or damage to other property inside the premises
Safe Burglary Of Other Property resulting directly from robbery.
• Outside The Premises Provides coverage for loss of money and securities outside the premises in the care,
custody or control of a messenger (employee) or armored motor vehicle company
resulting directly from theft,disappearance or destruction;and loss of or damage to
other property outside the premises in the care,custody or control of a messenger
(employee)or armored motor vehicle company resulting directly from robbery.
Computer Fraud Provides coverage for loss of or damage to money, securities and other property
resulting directly from the use of any computer to fraudulently transfer that property
from inside the premises or banking premises to a person or place outside those
premises.
Funds Transfer Fraud Provides coverage for lost funds resulting directly from a fraudulent instruction
directing a financial institution to transfer, pay or deliver funds from your transfer
account.
Money Orders And Provides coverage for loss directly resulting from your having accepted in good
Counterfeit Money faith, in exchange for merchandise, money,or services- money orders that are not
paid upon presentation,or counterfeit money acquired during the regular course of
business.
THESE DEFINITIONS ARE ABBREVIATED AND SHOULD BE USED ONLY AS A QUICK REFERENCE.
REFERTOTHE MOC—P FOR FULL DEFINITIONS.
Rev:07/1/22 Page
CRIME INSURANCE PROGRAM
Member Roster
July 1,2022 to July 1,2023
•
Agoura Hills Goleta Palos Verdes Estates
Agoura Hills Calabasas Community Center Guadalupe Paramount
Alhambra Hawaiian Gardens Pismo Beach
AlisoViejo Hemet Port Hueneme
Apple Valley Hidden Hills Poway
Arroyo Grande Indian Wells Rancho Palos Verdes
Artesia Indio Rolling Hills
Atascadero Irwindale Rolling Hills Estates
Azusa La Canada Flintridge Rosemead
Bell Gardens La Habra Heights Rossmoor CSD
Bellflower La Mirada San Clemente
• Big Bear Community Services District La Palma San Dimas
Big Bear Fire Authority La Puente San Juan Capistrano
Big Bear Lake La Verne San Luis Obispo
Bishop Laguna Niguel San Marcos
• Black Gold Cooperative Library System Laguna Woods San Marino
Bradbury Lake Elsinore Santa Clarita
Brawley Lake Forest Santa Fe Springs
Buellton Lakewood Santa Paula
Calabasas Lawndale Seal Beach
California Joint Powers Insurance Authority Lemon Grove Seaside
Camarillo Loma Linda Signal Hill
Carpinteria Lomita Solvang
Cerritos Malibu South El Monte
Chino Hills Mammoth Lakes Southern California Assoc.of Governments
Claremont Midpeninsula Regional Open Space District Stanton
Coachella Valley Assoc.of Governments Mission Viejo Temple City
Commerce Monrovia Ventura Port District
Dana Point Monterey Peninsula Regional Park District Villa Park
Desert Recreation District Moorpark Vista
Diamond Bar Morro Bay Walnut
Duarte Mountain Area Regional Transit Authority West Cities Police Communication Center
Eastern Sierra Transit Authority Needles West Covina
El Centro Norwalk West Hollywood
El Paso De Robles Ojai Westlake Village
Fillmore Pacific Grove
Gateway Cities Council of Governments Palm Desert
Rev:07/1/22 Page
CRIME INSURANCE PROGRAM
Schedule of Insurers
July 1,2022 to July 1,2023
•
NATIONAL UNION FIRE INSURANCE COMPANY OF POLICY#14249761
PITTSBURGH,PA(CHARTIS)
California Status: Admitted
Standard&Poor's Rating: A+,Strong Financial Security
Best's Guide Rating: A,Excellent Financial Size Category XV;
Greater than$2,000,000,000
This summary of insurance is provided as a matter of convenience and information only.All information included in this summary including,but
not limited to,personal and real property values,locations,operations,products,data,automobile schedules,financial data and loss experience,
is based on facts and representations supplied toAlliant Insurance Services,Inc.byyou. This summary does not reflect any independent study or
• investigation byAlliont Insurance Services,Inc.or its agents and employees.
Please be advised that this summary is also expressly conditioned on there being no material change in the risk between the date of this summary
and the inception date of the proposed policy(including the occurrence of any claim or notice of circumstances that may give rise to a claim
under any policy for which the policy being proposed is a renewal or replacement). In the event of such change of risk,the insurer may,at its sole
• discretion,modify,or withdraw this summary whether or not this offer has already been accepted.
• This summary is not confirmation of insurance and does not add to,extend,amend,change,or alter any coverage in any actual policy of insurance
you may have.All existing policy terms,conditions,exclusions,and limitations apply. For specific information regarding your insurance coverage,
please refer to the policy itself. Alliant Insurance Services,Inc.will not be liable for any claims arising from or related to information included in,or
omitted from,this summary of insurance.
Alliant embraces a policy of transparency with respect to its compensation from insurance transactions.Details on our compensation policy,
including the types of income that Alliant may earn on a placement are available on our website at www.alliantinsurance.com.For a copy of our
policy,or for any inquiries regarding compensation issues pertaining to your account,you may also contact us at:Alliant Insurance Services,Inc.,
Attention:General Counsel,701 B Street 6th Floor,San Diego,CA 92 10 1.
Analyzing insurers'overall performance and financial strength is a task that requires specialized skills and in-depth technical understanding of all
aspects of insurance company finances and operations.Insurance brokerages such as Alliant Insurance typically rely upon rating agencies for this
type of market analysis.Both A.M.Best and Standard and Poor's have been industry leaders in this area for many decades,utilizing a combination of
quantitative and qualitative analysis of the information available in formulating their ratings.
A.M.Best has an extensive database of nearly 6,000 Life/Health,Property Casualty and International companies.You can visit them at
www.ambest.com. For additional information regarding insurer financial strength ratings,visit Standard and Poor's website at
www.standardandpoors.com.
Ourgool is to procure insurance for you with underwriters possessing the financial strength to perform.Alliant does not however,guarantee the
solvency of any underwriters with which insurance or reinsurance is placed,and maintains no responsibility for any loss or damage arising from
the financial failure or insolvency of any insurer. We encourage you to review the publicly available information collected to enable you to make an
informed decision to acceptor reject a particular underwriter. To learn more about companies doing business in your state,visit the Department of
Insurance website for that state.
Important Notice: The Non-Admitted&Reinsurance Reform act(NRRA)went into effect on July 21,2011.Accordingly,surplus lines tax rates and
regulations are subject to change which could result in an increase or decrease of the total surplus lines taxes and/or fees owed on this placement. If
a change is required,we will promptly notify you.Any additional taxes and/or fees owed must be promptly remitted to Alliant Insurance Services,Inc.
Rev:07/1/22 Page