File #:
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2824
Version:
1
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Name:
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Type:
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Resolution
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Status:
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Passed
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On agenda:
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9/6/2016
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Final action:
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9/6/2016
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Title:
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Consider A Resolution To Bind Coverage With Texas Municipal League Inter-Governmental Risk Pool For Workers' Compensation, General Liability, Law Enforcement Liability, Errors And Omissions Liability, Crime, Automobile Liability, Automobile Physical Damage, Real And Personal Property, And Mobile Equipment Effective October 1, 2016 In An Amount Not To Exceed $585,032.00.
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CC MEETING: September 6, 2016 DATE: August 31, 2016 TO: Leonard Martin, City Manager FROM: Bob Scott, Assistant City Manager Title Consider A Resolution To Bind Coverage With Texas Municipal League Inter-Governmental Risk Pool For Workers' Compensation, General Liability, Law Enforcement Liability, Errors And Omissions Liability, Crime, Automobile Liability, Automobile Physical Damage, Real And Personal Property, And Mobile Equipment Effective October 1, 2016 In An Amount Not To Exceed $585,032.00. Body BACKGROUND: On September 7, 2010, the City Council approved an inter-local agreement with Texas Municipal League Inter-Governmental Risk Pool (TMLIRP) for comprehensive insurance coverage including many ancillary services that had been provided by Risk Management staff. This agreement allowed the City to reorganize and reduce the staffing of its Risk Management function and provide for significant reductions in retained risk/deductible levels. The attached resolution authorizes the City Manager to continue coverage with TMLIRP in the areas of Workers' Compensation, General Liability, Automobile Physical Damage, Automobile Liability, Law Enforcement Liability, Errors and Omissions, Crime, Real and Personal Property, and Mobile Equipment. The coverage renewal to be effective October 1, 2016. Amounts and premiums are as follows: Coverage Area Premium Per Occurrence Aggregate Deductible Workers' Compensation $130,130 Statutory Statutory $100,000 General Liability $19,921 $2,000,000 $4,000,000 $50,000 Law Enforcement $48,867 $2,000,000 $4,000,000 $50,000 Errors & Omissions $38,438 $2,000,000 $4,000,000 $50,000 Automobile Liability $65,449 $1,000,000 limit $50,000 Auto Catastrophe $31,500 $15,000,000 limit $10,000 Auto Physical Damage $78,374 $15,000,000 limit $10,000 Real & Personal Property $150,307 $183,934,996 limit $25,000 Mobile Equipment $17,550 $6,220,953 limit $25,000 Crime $4,496 $1,000,000 limit $10,000 Total $585,032 FI... Click here for full text
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