HomeMy WebLinkAbout02/02/2011 5G DATE SUBMITTED January 10, 2011
AGENDA BILL
CITY OF BREMERTON
CITY COUNCIL
■■ eseeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeei
SUBJECT: 2011 Excess Liability, Excess Committee Meeting Date January 26, 2011
Workers' Compensation, and Crime COUNCIL MEETING Date February 2, 2011
insurance Department City Attorney's Office
Presenter Roger Lubovich and
Thelma Swem \3US
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 $142,995 60 (including tax and fees) Excess
workers' compensation insurance has been bound with Safety National Insurance Company for a
deposit premium of $31,271 Crime insurance has been bound with Great American Insurance for
$4,973 per year
ATTACHMENTS: Insurance Order to Bind
FISCAL IMPACTS (Include Budgeted Amount) Sufficient funds have been budgeted in the Risk
Management Fund for these expenditures for 2011
APPROVALS:
DEPARTMENT DIRECTOR
CITY ATTORNEY
FINANCE DIRECTOR
MAYOR
COMMITTEE CHAIR
COUNCIL PRESIDENT CONSENT AGENDA
GENERAL BUSINESS ❑
PUBLIC HEARING ❑
RECOMMENDED MOTION: Move to approve the continuation of the excess liability, excess
workers' compensation, and crime insurance bound for 2011 for the City of Bremerton
COUNCIL ACTION: M pprove ❑ Deny ❑ Table ❑ Continue ❑ No Action