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File #: ID 21-1780    Version: 1 Name:
Type: City Council Item Status: Agenda Ready
File created: 9/13/2021 In control: City Council
On agenda: 9/20/2021 Final action: 9/20/2021
Title: Renewal of the Policy for FY2022 Property, Liability, and Excess Worker's Compensation Insurance Coverage with Public Risk Insurance Agency ("PRIA") in the amount of $1,100,266.00
Attachments: 1. Copy of 2021-2022 Renewal Premium Comparison, 2. Memo Regarding Renewal Info Request - Status Update

Agenda Item:  13(c)

Prepared By:   Lina Upham

Business:  Consent  Agenda

Department:    Finance

Subject:

Title

Renewal of the Policy for FY2022 Property, Liability, and Excess Worker’s Compensation Insurance Coverage with Public Risk Insurance Agency (“PRIA”) in the amount of $1,100,266.00

Body                     

BACKGROUND

 

City Council is asked to approve the renewal of property, liability, and excess worker’s compensation insurance policy through Public Risk Insurance Agency (“PRIA”) for FY2022. The City has received a renewal notice, at the premium of $1,100,266.00 for FY2022.

 

The detailed premium breakout for FY2022 and comparison with the previous year is attached to this agenda item.

 

FUNDING SOURCE / FISCAL IMPACT

All premiums have been included in the proposed FY2022 budget.

 

RECOMMENDATION:

Authorize the City Manager to renew property and liability insurance policy with PRIA for FY2022.

 

POTENTIAL MOTION:  “I move to authorize the City Manager to renew property and liability insurance policy with PRIA for FY2022 in the amount of $1,100,266.00.”