File #: 210384    Version: Name: 2022 Risk Management & Insurance Renewal Program
Type: Request Status: Passed
File created: 11/17/2021 In control: Village Board of Trustees
On agenda: Final action: 12/16/2021
Title: 2022 Risk Management & Insurance Renewal Program Recommendation from the Finance & Administration Committee to approve the 2022 Insurance Program which combines: Travelers Insurance for liability for property, mobile equipment, flood, earthquake, general employee benefits, automobile (includes garagekeepers coverage), law enforcement, public officials errors & omissions, and employment practices; Safety National Insurance for workers’ compensation and employers liability; Hartford Insurance for crime; Hudson Insurance for Police and Fire Pension Plans fiduciary liability; and BCS Insurance for cyber liability resulting in a total 2022 annual renewal cost Not To Exceed $558,757, and notifying Risk Management Cooperative that the Village may leave the pool at the end of 2022.
Attachments: 1. 2022 Liability Insurance Memo from Nugent.pdf, 2. BOT-11-16-2021-LEG#210384.pdf, 3. Cover Page 210384.pdf

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2022 Risk Management & Insurance Renewal Program

Recommendation from the Finance & Administration Committee to approve the 2022 Insurance Program which combines: Travelers Insurance for liability for property, mobile equipment, flood, earthquake, general employee benefits, automobile (includes garagekeepers coverage), law enforcement, public officials errors & omissions, and employment practices; Safety National Insurance for workers’ compensation and employers liability; Hartford Insurance for crime; Hudson Insurance for Police and Fire Pension Plans fiduciary liability; and BCS Insurance for cyber liability resulting in a total 2022 annual renewal cost Not To Exceed $558,757, and notifying Risk Management Cooperative that the Village may leave the pool at the end of 2022.

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