TITLE
Recommendation to authorize City Manager, or designee, to purchase, through Alliant Insurance Services, the following insurance policies: Excess Municipal Liability Insurance, at a total premium not to exceed $200,000, from Allied Insurance Company, Berkeley National Insurance Company, Allied World National Assurance Company, and Navigator’s Insurance Company, for a two-month period, from July 1, 2019 to September 1, 2019; Airport Liability Insurance, at a premium not to exceed $120,000, from National Union Insurance Company; Aircraft Liability and Hull Insurance for police helicopters, at a premium not to exceed $46,000, from National Union Insurance Company; Underground Storage Tank Insurance, at a premium not to exceed $30,000, from Liberty Surplus Lines; Drone Coverage, at a premium not to exceed $5,000, from National Aviation Liability Program; and, Marine Insurance, from International Marine Underwriters (IMU), at a premium not to exceed $264,000, for a total aggregate cost of the liability renewal premiums not to exceed $665,000, for the period of July 1, 2019 to September 1, 2019 for excess liability, and from July 1, 2019 to July 1, 2020 for the other five liability policies. (Citywide)
DISCUSSION
The City annually purchases excess municipal liability, airport liability, and aircraft liability and hull insurance, underground storage tank liability insurance, and will include this year drone and marine insurance to cover exposures arising from City operations. This year’s coverage is to be obtained through the City’s casualty broker of record, Alliant Insurance Services.
This year’s (short-term) policy for excess municipal liability insurance will provide coverage limits of $50 million, excess of a $5 million self-insured retention (SIR) for all City departments other than the Police Department, which will continue to have a $7,000,000 self-insured retention. The current primary excess insurance carrier has notified the City that it will not ren...
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