HomeMy WebLinkAbout02/05/2014 5E AGENDA BILL
CITY OF BREMERTON
CITY COUNCIL
SUBJECT: 2014 Excess Liability, Excess Study Session Date January 22, 2014
Workers' Compensation and Crime COUNCIL MEETING Date February 5, 2014
Insurance Department City Attorney's Office
Presenter Thelma Swem
Phone 360 -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 $151,674 66 (including tax and fee) Excess
workers' compensation insurance has been bound with Midwest Employers Casualty Company for a
deposit premium of $47,452 Crime insurance has been bound with Great American Insurance for
$4,973 per year
ATTACHMENTS: None
FISCAL IMPACTS (Include Budgeted Amount) Adequate funds for these insurance renewals are
available in the Risk Management Fund
STUDY SESSION AGENDA ® No Presentation ❑ Full Presentation
STUDY SESSION ACTION: ® Consent Agenda ❑ General Business ❑ Public Hearing
RECOMMENDED MOTION:
Move to approve the excess liability, excess workers' compensation and crime insurance as bound
for 2014 for the City of Bremerton
COUNCIL ACTION: dApprove ❑ Deny ❑ Table ❑ Continue ❑ No Action
Form Updated 01/25/13