File #: 200395    Version: Name: 2021 Risk Management & Insurance Renewal Program
Type: Request Status: Passed
File created: 12/1/2020 In control: Village Board of Trustees
On agenda: Final action: 12/17/2020
Title: 2021 Risk Management & Insurance Renewal Program Recommendation from the Village's Risk Management Consultant, Mike Nugent, to contract with Travelers for liability insurance, Chubb for property insurance and Safety National for work comp insurance resulting in a 32% increase in the Village's insurance premiums versus the proposed 80% increase as proposed by the current insurance carrier. The Finance & Administration Committee unanimously approved this recommendation.
Attachments: 1. 2021 Liability Insurance Renewal Memo Cover 12.7.20 .pdf, 2. B0T-12-17-2020-LEG#200395.pdf, 3. Cover Page 200395.pdf

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2021 Risk Management & Insurance Renewal Program

Recommendation from the Village's Risk Management Consultant, Mike Nugent, to contract with Travelers for liability insurance, Chubb for property insurance and Safety National for work comp insurance resulting in a 32% increase in the Village's insurance premiums versus the proposed 80% increase as proposed by the current insurance carrier.  The Finance & Administration Committee unanimously approved this recommendation.

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