TO: Mayor and City Commission
FROM: Douglas E. Smith, City Manager
DATE: October 19, 2016
Title
APPROVING PURCHASE OF INSURANCE COVERAGE FOR POLICE PROFESSIONAL LIABILITY, WITH PUBLIC RISK INSURANCE AGENCY (PRIA), FROM NOVEMBER 1, 2016 TO SEPTEMBER 30, 2017.
Body
BACKGROUND: Beacon is the current broker for the City’s Police Professional Liability Insurance. This agenda item is for the purchase of the insurance coverage from November 1, 2016 through September 30, 2017 with Public Risk Insurance Agency (PRIA) as the broker.
RECOMMENDATION: For approval of a coverage agreement for eleven (11) months, November 1, 2016 through September 30, 2017, allowing for a common insurance renewal date of 10/1/17.
FISCAL IMPACT:
Annual Premiums
Police Professional Liability Insurance (11 month policy) $ 98,485.00
|
Broker |
Carrier |
11/16-10/17 |
|
Beacon |
Darwin |
$133,044.00 |
|
Beacon |
American Alternative |
Declined |
|
Beacon |
Scottsdale/National Casualty |
Declined |
|
Beacon |
Berkley Assurance |
Declined |
|
PRIA |
PGIT |
$107,305.00 |
-PGIT will allow prorated 11 months for a total of $98,485.00
CONTACT PERSON: Jacqueline Wehmeyer, Human Resources Director