Agenda Item Name:
Title
FY20 Insurance Renewal
End
Presenter:
John Carnell
Description:
The quotes for renewing all lines of Insurance
Recommended Action:
Recommended Action
Approve Quotes
End
Prior Board Motions:
Board has previously approved the purchasing of Insurance
Fiscal Consideration:
Fiscal Consideration
Liability Insurance (GL, AL, PO) - 501-1853.-513-45.75 $263,113
Property - (Building, Auto, Crime, and Boiler and Machinery) 501-1853-513.45.40 $538,462
Workers Compensation Excess - 501-1853.-513-45-99 $355,506
Cyber Liability Insurance - 501-1853-513 -45.75- $29,886
Firefighters AD&D - 501-1853-513.45.75 $8,537
Medical Stop Loss 507-04-490-519-45.11 $827,409
Total Amount = 2,023,013.60
End
Background:
Property and Casualty - Board will receive a discount of $23,142 Making it an overall 8% increase
Cyber Liability remains flat
AD &D increased 2%
Medical Stop Loss will increase 37.18%