HomeMy WebLinkAbout03-016 AGENDA BILL
BREMERTON CITY COUNCIL
1. SUBJECT: FOR AGENDA: January 29, 2003
AUTHORIZATION TO PURCHASE INSURANCE ORIGINATING DEPT: City Attorney's Office
ORIGINATOR: Peggy Lesser
DATE SUBMITTED: January 29, 2003
2. CLEARANCES: (Comment on back if necessary) 3. EXHIBITS:
RC~GER A. LUBOVICH, City Atto ern~y
Heard at January 28, 2003 Committee Meeting
FISCAL & BUDGET CHAIRMAN
APPROVED FOR SUBMITTAL:
Heard at January 28, 2003 Committee Meeting
OPERATIONS CHAIRMAN COUNCIL PRESIDENT
E ORSEM TION
4. SUMMARY STATEMENT AND REQUIREMENT FOR COUNCIL ACTION:
City Council approval is required to purchase insurance coverage. Council Committees considered the options
to purchase liability, excess workers' compensation, and employee blanket bond insurance coverage during their
January 28, 2003 meeting. Property insurance coverage was considered by the Committees on December 17,
2002. Staffrecommends that the City Council approve purchasing the following policies from the insurance
carriers listed and at the annual premium stated:
· Liability Insurance - AIG The Insurance Company of the State of Pennsylvania - $224,600
· Excess Workers' Compensation Insurance - Midwest Employers Casualty Company - $19,029 per year
(2 year policy)
· Property Insurance - Affiliated FM Insurance Company - $153,594
· Employee Blanket Bond - Great American Insurance Company - $4,142
5. RECOMMENDATION:
Move to authorize the City's Risk Manager to purchase the following insurance coverage from the insurance
carriers listed and at the annual premium stated:
Liability Insurance - AIG The Insurance Company of the State of Pennsylvania - $224,600
· Excess Workers' Compensation Insurance - Midwest Employers Casualty Company - $19,029 per year
(2 year policy)
· Property Insurance - Affiliated FM Insurance Company - $153,594
· Employee Blanket Bond - Great American Insurance Company - $4,142
6. RESPONSIBLE OFFICIAL: Risk Manager
ENFORCEMENT OFFICIAL: Risk Manager
EXPIRATION DATE: 12/31/2003
REVIEW DATE:
7. NOTICE OF ACTION:
PULLED [] TABLED [] APPROVED ~DISAPPROVED [] AMENDED [] DATE:
COUNCIL DIRECTIVE:
8. AGENDA BILL NO.: D3~ ~) i~t9
9. IMPACT OF NON-PASSAGE:
The City will not have insurance coverage.
10. IMPACT ON STAFFING, BUDGETS~ FACILITIES~ EQUIPMENT OR OTHER RESOURCES:
The funds to pay the insurance premiums have been budgeted in the Risk Manager's fund for 2003.
11. RESEARCH SOURCES: