Repository: UIHistories Project: Board of Trustees Minutes - 1972 [PAGE 35]

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1970]

UNIVERSITY OF ILLINOIS

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History in addition to Fine Arts departments. T h e Center for African Studies and the A fro-American Study Commission plan to build special programs around it, including opportunities for viewing by elementary and high school student groups touring the museum. T h e usual length of display time is three weeks, for which the fee is $4,750. By scheduling the exhibit for a double period it will be available for a twomonth period at a total fee of $9,500. This will enable the materials to be seen by second semester students and summer school students. T h e Chancellor at the Urbana-Champaign campus has recommended, subject to the availability of funds, that the Vice President and Comptroller and the Secretary be authorized to execute a contract with International Exhibition Foundation for the loan of the exhibit as outlined above. I concur.

On motion of Mr. Stone, this recommendation was approved.

PURCHASE OF LIABILITY INSURANCE Report of the F i n a n c e Committee (40) Bids have been received for renewal of public liability insurance policies covering all University operations including automobile, aviation and airport liability. T h e current policies expire August 1, 1970. T h e policies provide coverage to employees for personal injury and property damage liability they may incur in the course of, and arising from, their University employment. Bids were requested for professional liability insurance for all University personnel covering their errors and omissions. However, the bids excluded all professional liability except for veterinary, hospital and medical personnel. T h e policies will provide the same limits of liability as the current contracts except that property damage claims, other than aviation and automobile claims, of less than $200 will not be subject to payment under the policy. Personal Injury: $ 500,000 per person 1,000,000 per occurrence Property Damage: $ 500,000 per occurrence Passenger Liability in Aircraft: $100,000 per passenger T h e low bids were submitted by the agencies and companies that are currently providing the coverages. T h e low bid on public liability including automobile liability insurance was submitted by McManus & Pellouchoud, Inc., Chicago, through the Hartford Accident and Indemnity Company. T h e low bid on the aviation and airport liability coverage was submitted by the Ohio Casualty Insurance Company, and the company has designated TylerFletcher-Fink, Ltd., as the servicing agent. T h e Vice President and Comptroller recommends that the award of the coverages be made to the low bidders on each line of coverage as indicated below: Estimated Coverage Company Agent Annual Premium Public & Hartford McManus & Pellouchoud, $174 504 Automobile Insurance Inc., Chicago Liability Group Tyler-Fletcher-Fink, Airport & Ohio Casualty ? 14 520 Ltd., Champaign Aviation Company Liability (The actual premium on aviation insurance is determined by the number of flying hours, and on the airport by the amount of fuel sales and mechanical services. T h e estimated premium is based upon the operations of this current year.) T h e policies may be cancelled by the University without prior notice. H o w ever, the insurance companies are limited to a cancellation on the anniversary date of the policy and must provide at least ninety days notice. It is further