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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:
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Coverage Area |
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Premium |
Per Occurrence |
Aggregate |
Deductible |
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Workers’ Compensation |
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$130,130 |
Statutory |
Statutory |
$100,000 |
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General Liability |
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$19,921 |
$2,000,000 |
$4,000,000 |
$50,000 |
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Law Enforcement |
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$48,867 |
$2,000,000 |
$4,000,000 |
$50,000 |
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Errors & Omissions |
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$38,438 |
$2,000,000 |
$4,000,000 |
$50,000 |
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Automobile Liability |
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$65,449 |
$1,000,000 limit |
$50,000 |
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Auto Catastrophe |
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$31,500 |
$15,000,000 limit |
$10,000 |
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Auto Physical Damage |
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$78,374 |
$15,000,000 limit |
$10,000 |
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Real & Personal Property |
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$150,307 |
$183,934,996 limit |
$25,000 |
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Mobile Equipment |
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$17,550 |
$6,220,953 limit |
$25,000 |
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Crime |
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$4,496 |
$1,000,000 limit |
$10,000 |
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Total |
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$585,032 |
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FINANCIAL IMPLICATIONS:
These insurance premiums will be paid with budgeted funds in the Risk Management Fund.
STAFF RECOMMENDATION/ACTION DESIRED:
Approve the attached resolution.
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