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Home My WebLink AboutinsuranceFROM :PREMIER SPECIAL R]SK FAX NO. :330-966—B024 Apr. 29 2004 10:19AM P1 Date: 28 April, 2004 Mr. Mark Funnen Skylift Holdings, LLC dba Skylift 1109 Ponce de Leon Blvd. Coral Gables, Florida 33134 Premier Special Risk Agency, Inc. General Liability Insurance Quote P.O. Box 739 Green, Ohio 44232 Telephone (330) 244.8711 Toll Free (866) 283-3693 Fax (330) 966-8024 Page 1 of 5 Good Morning Mr. Funnen, As promised, please find a "revised" quotation for General Liability Insurance for your tethered helium balloon ride from Lexington Insurance Company. Please keep in mind that both policies will be subject to Surplus Lines Taxes, If you have any questions regarding this please feel free to give us a call. Also enclosed is a specimen copy of our "certificate of insurance" format which will be used to evidence coverage to interested parties. We are forwarding specimen copies of the policies via email for your review. Please let me know if you do not receive these, or if you are unable to open the attachments. Lastly, for future reference, we have arranged to have these policies financed with only 20% as a down payment. We will provide financing quotations once the start of your operations draws near. Thank you again. We look forward to hearing from you and are eager to service your account. Sinc, aly Don Childs President Enclosure: Liability Quotation Certificate specimen FROM :PREMIER SPECIAL RISK FAX NO. :330-96G--8024 Apr. 29 2004 10:20AM P2 SUMMARY OF COVERAGE NAMED INSURED SXYLIFT HOLDINGS, LLC dba SKYLIFT 301 BISCAYNE BOULEVARD MIAMI, FLORIDA 33132 Primary General Liability LIMITS 1) Commercial General Liability - Combined Single Limit Bodily Injury & Property Damage - $1,000,000 Each Occurrence/$2,000,004 General Aggregate/$2,000,000 Products Completed Operations Aggregate/$1,004,000 Personal Injury Aggregate: - Coverage shall be restricted/limited to the Insured's operation for giving tethered Helium Balloon Rides at 301 Biscayne Boulevard, Miami, Florida 33132. - Based upon Estimated Base Sales of $750,000 - SUBJECT TO FINAL AUDIT UPON EXPIRATION. RATE WILL BE ADJUSTED (UPWARDS ONLY) AT A RATE OF $123.196 PER $1,000 OF SALES. 2) Fire Damage Legal Liability - $300,000 Any One Fire: 3) Self Insured Retention (Deductible) : $25,000 per occurrence, including defense expenses. 4) Annual Primary Liability Premium: PLUS APPLICABLE FLORIDA SURPLUS LINES TAXES (5.3%): PLUS SURPLUS LINES STAMPING FEE: Due to the Special Nature of the Risk outlined herein, the above premium shall be subject to a 35% Minimum Earned Premium. understood that the premium shall become 100% earned completion. ANNUAL PREMIUM $ 92,397 INCL INCL $ 92,397 $ 4,897 $ 15 referenced' It is also at season Additional Endorsements/Coverages to apply: • Designated Additional Insured when required by Written Contract 1) City of Miami 2) Bayfront Park Management Trust 3) Army Corps of Engineers 4) Others as Required • Waiver Of Subrogation Endorsement FROM :PREMIER SPECIAL RISK FAX NO. :330-966-8024 Apr. 29 2004 10:20AM P3 Page 2 Additional Endorsements/Coyeraoes to sooty: (c9ntinuedl • Accident Insurance Endorsement (Provides Accidental Death & Dismemberment coverage to all employees of the insured working at least 20 hours per week. Maximum Benefit of $50,000 paid to the insured's beneficiary. Subject to an aggregate limit of $250,000 per accident.) • Defense Expenses shall be outside of the Policy Limits. Maior Exclusions: • Medical Expense Exclusion • Professional Liability Exclusion • Cross Suits Exclusion • Pending & Prior Litigation Exclusion • War Risks/Terrorism Exclusion • Sexual or Physical Abuse Exclusion • Total Pollution Exclusion • Athletic or Sports Participants Exclusion • Aircraft Exclusion. Special Conditions to apply; ♦ A completed and signed application must be received within 30 days of the effective date of coverage. • Insured shall endeavor to have all subcontractors hold the Insured harmless in the event of their negligence. ♦ Insured shall endeavor to have all subcontractors named the Insured as an Additional Insured an carry minimum limits at least equal to those selected hereunder. • Insured shall provide the name and phone number of a contact person for loss control reporting. ♦ The first Named Insured shall be responsible for the applicable Self Insured Retention of $25,000 each occurrence. FROM :PREMIER SPECIAL RISK FAX NO. :330-966-8024 Apr. 29 2004 10:20AM P4 Page 3 Excess General Liability LIMITS 1) $1,000,000 Each Alternate $2,000,000 Each Occurrence/$1,000,000 Annual Aggregate: Occurrence/$2,000,000 Annual Aggregate: ANNUAL PREMIUM $37,539 $51,507 Alternate $3,000,000 Each Occurrence/$3,000,000 Annual Aggregate: $64, 602 Alternate $4,000,000 Each Occurrence/$4,000,000 Annual Aggregate: $75, 951. Excess of underlying coverage through Lexington Insurance Company' with limits of $/JOOO,000 Each Occurrence/ $2,0001000 General Aggregate/$2,000,000 Products Aggregate/ $1,000,000 Personal/Advertising Injury Aq r'egate. 2) Annual Excess Liability Premium: !or $1,000,000 Excess Liability For $2,000,000 Excess Liability For $3,000,000 Excess Liability For $4,000,000 Excess Liability PLTJS APPLICABLE FLORIDA SURPLUS LINES TAXES (5.3%): *(Tax amount will depend upon the Liability Limit Selected) PLUS SURPLUS LINES STAMPING FEE: $ 15 $37,539 $51,507 $64, 602 $75,951 $ TBD* Due to the Special Nature of the Risk outlined herein, the above referenced premium shall be subject to a 35% Minimum Earned Premium. It is also understood that the premium shall become 1p0% earned at season completion. Maier Exclusions (Excess liability shall follow the primary DoiicY form with respect to endorsements and q clusions and shall also exclude the following • Sexual Misconduct Exclusion • Lead Exclusion • Mold/Fungus Exclusion • Continuous & Progressive Damage Exclusion THIS INSURANCE. IS OFFERED PURSUANT TO THE FLORIDA SURPLUS LINES LAW. PERSONS INSURED BY SURPLUS LINES CARRIERS DO NOT HAVE THE PROTECTION OF THE FLORIDA INSURANCE GUARANTY ACT TO THE EXTENT OF ANY RIGHT OF RECOVERY FOR THE OBLIGATIONS OF AN INSOLVENT UNLICENSED INSURER. FROM :PREMIER SPECIAL RISK FAX NO. : 3313-966-8024 Apr. 29 2E04 10: 21AM P5 Certificate of Insurance Named Insured Skyllft Holdings, LI.0 dba Skylift Address of Insured 301 Biscayne Boulevard, Miami, Florida 33132 Company Lexington Insurance Company Policy Number IBA Polley Effective Dais TBA Polley Expiration Data MIA Location Covered Designated Premises for tha insu, d's operation for giving tethered helium balloon rides at 301 Biscayne Boulevard, Miami, Florida 33132 COMMERCIAL GENERAL LIABILITY Combined Single Limit Bodily Injury and Property Damage: $ 1,000,000 Each Occurrence/ $ 2,000,000 General Aggregate $ 2,000,000 Products & Completed Operati $ 1,000,000 Personal Injury Aggregate Fire Damage Legal Liability: $ 300,000 Any One Fire '"A DEDUCTIBLE OF $25f00015 APPLICABLE TO EACH 0 EXCESS LIABILITY Combined Single Limit Bodily Injury and Property Dame $1,000,000 Each Octit;,: cel $1,000,000 Annual EXCESS OF UNDERLYING LIMITS AS SH•<'„�h A-''';,1,mr, ,tl Certificate Holder: TO WHO Endorse This c ued as a matter of information only and does not amend, extend or alter the cov: ''ges aff�'`' ed to the Named Insured. This certificate confers no rights upon the Certificate •• d is intended for use only as evidence that the above stated coverage was in force at t "`-"e4 e of issue, ALL POLICY CONDITIONS REMAIN UNCHANGED. PREMIER SPECIAL RISK AGENCY, INC. P.O. BOX 739, GREEN, OHIO 44232 (330)244.8711 FROM :PREMIER SPECIAL RISK FAX NO. :330-966-8024 Apr. 29 2004 10 : 21 AM P6 Date; 28 April 2004 Mr. Mark Funnen Skylift Moldings, LLC dba Skylift 1109 Ponce de Leon Blvd. Coral Cables, Florida 33134 Good Morning Mr. Funnen, ency, Inc, P.O. Box 739 Green, Ohio 44232 Telephone (330) 244-8711 Toll Free (866) 283-3693 Fax (330) 066_8024 Page __ ofi Attached, please find a revised quotation for Property Insurance quotation from The Hartford Income" coverage. Insurance Company. You will note that the only change is the addition of optional "Business As previously stated, coverage may be placed with 25% of the premium as a down payment. Once coverage has been ordered and the down payment has been received, the company will collect the remainder of the premium, directly from you, hi equal monthly installments. There will be a payment installment charge of approximately $7.00 per payment; however there is no associated premium finance charge. Please give us a call if you should have any questions or if you would like to have the coverage bound. o erage Thank you again and we look forward to hearing from you, Sine ely /71 Don Childs President Enclosure: Property Quotation FROM :PREMIER SPECIAL RISK FAX NO. :330-966--8024 Apr. 29 2004 10:22AM P7 SUMMARY,F COVERAGES NAMED INSURED SKYLIFT HOLDINGS, LLC dba $KYLIFT LOCATION OF PROPERTY 301 BISCAYNE BOULEVARD MIAMI, FL 33132 Coinsurance - 80W Cause of Loes — Special Deductible (other than Wind) - $10,000 each and every loss Wind Peril Deductible - 2%, subject to a $10,000 minimum Valuation - As Agreed Additional Coverages Included - To Be Advised War Risk and Terrorism Exclusions shall apply PREMISES #1 TETHERED HELIUM BALLOON RILE GROUND SYSTEM - Non -Moving Components, including Building- (Winch bousiugr/Restrooms/Ticket booth Shall be sublimated to $50,000) Total Insured Value - $450,000 EQUIPMENT & MOBILE PROPERTY TETEERED IHELIi7! BALLOON GONDOLA TETEERED HELIUM BALLOON ENVELOPE* (*Excludes the Loss or Escape of Helium) BALLOON NET AND TETHERING LINES Total Insured Value - $350,000 (This is the Minimum Xaaured Value for these componente) OPTIONAL - Based on a Alternate: Based on a Alternate: Based on a BUSINESS limit of limit of limit of INCOME COVERAGE $750,000 (100% coinsurance) $600,000 (80% coinsurance) $375,000 (50% coinsurance) PREMIUM $13,500 $21,000 $ 5,899 $ 5,447 $ 4,538 Total Annual Premium, Excluding Business Income Coverage: $34,500 If Business Income Coverage is desired' please add the premium the selected limit to the Total AnnualPremium Show Above. for NOTE: It should be emphasized that this description of coverages, conditions and terms is a summary only and in intended only far reference. While we have made every attempt to be complete and accurate, this summary does no contain a full restatement of the proposed insurance policy. in the event of any conflict or discrepancy between this description of coverage and the insurance policy, the actual insurance policy shall govern and prevail. S[TE SECTION SL' G. 3DF�C 521,711 FLOOR PLAN 0 6 13 60 \J