HomeMy WebLinkAbout02/17/2010 5E DATE SUBMITTED: January 26, 2010
AGENDA BILL
CITY OF BREMERTON
CITY COUNCIL
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SUBJECT: 2010 Excess Liability, Excess Committee Meeting Date: February 10, 2010
Workers' Compensation, and Crime COiTNCIL MEETING Date: February 17, 2010
insurance Department: City Attorney's Office
Presenter: Thelma Swem��
Phone: 473-5302
SUMMARY: The Bremerton Municipal Code authorizes the Risk Management Specialist, with the
approval of the City Attorney, to bind insurance and then requires City Council approval for
continuation of the bound coverage. Excess liability coverage has been bound with Ironshore
Specialty Insurance Company at an annual cost of $144,865. Excess workers' compensation
insurance has been bound with Safety National Insurance Company for a deposit premium of
$33,969. Crime insurance has been bound with Great American Insurance for $4,973 per year.
ATTACHMENTS: Insurance Binders
FISCAL IMPACTS (Include Budgeted Amount): Sufficient funds have been budgeted in the Risk
Management Fund for these expenditures for 2010.
APPROVALS:
DEPARTMENT DIRECTOR:
CITY ATTORNEY:
FINANCE DIRECTOR:
MAYOR:
COMMITTEE CHAIR
COUNCIL PRESIDENT: ' CON5ENT AGENDA �
GENERAL BUSINESS ❑
PUBLIC HEARING ❑
RECOMMENDED MOTION: Move to approve the continuation of the excess liability, excess
workers' compensation, and crime insurance bound for 2010 for the City of Bremerton.
COIINCIL ACTION: ['�Approve ❑ Deny ❑ Table ❑ Continue ❑ No Action