AUTHORIZATION TO RENEW FISCAL YEAR 2017-18 PROPERTY, LIABILITY AND WORKERS' COMPENSATION INSURANCE/EXCESS INSURANCE
Staff Contact: Jim Brown, Director, Human Resources and Risk Management
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Purpose and Recommended Action
Recommendation
This is a request for City Council to authorize staff to purchase property, liability and workers' compensation insurance and/or self-insurance for FY 2017-18 in an amount not to exceed $1,591,946.
Background
City of Glendale Ordinance, Chapter 2, Administration, Article 5. Financial Affairs, Division 5. Risk Management Trust Fund, Section 2-207 and Division 6 Workers' Compensation Trust Fund, Section 2-219 provides that "The city risk manager, acting for the city manager, is authorized to enter into, on behalf of the city, any appropriate commercial insurance, alternative risk financing and surety bonding contracts to provide such risk insurance as determined to be in the best interests of the city".
Staff has worked with our broker, Alliant Insurance Services on the renewals. Alliant has been placing insurance for cities for over 25 years. Their insurance placements include all lines of coverage placed through a proprietary group purchase program for public entities across the United States. Placement is underwritten and priced on a group basis without sharing the risks of the entire group.
Analysis
Alliant obtained quotations for excess or commercial insurance as follows: workers' compensation and employers' liability, property coverage including auto physical damage, cyber, boiler and machinery, pollution, crime and builders risk, excess liability coverage including automobile, general, errors and omissions, employment practices, employee benefits and commercial insurance for airport, deferred compensation committee fiduciary liability and a special liability policy for Glendale Regional Public Safety Training Center (GRPSTC). Except for excess liability, the quotes for all coverage remained flat based upon the ...
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