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Item 15 - Renew Citywide Insurance Program and Policies Procured through Independent Cities Risk Management Authority and Arthur J. Gallagher
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Item 15 - Renew Citywide Insurance Program and Policies Procured through Independent Cities Risk Management Authority and Arthur J. Gallagher
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8/1/2024 11:41:18 AM
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City Clerk
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Agenda Packet
Agency
Human Resources
Item #
15
Date
8/6/2024
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Human Resources <br />https://www.santa-ana.org/human-resources <br />Item # 15 <br />City of Santa Ana <br />20 Civic Center Plaza, Santa Ana, CA 92701 <br />Staff Report <br />August 6, 2024 <br />TOPIC: Renew Citywide Insurance Program and Policies Procured through <br />Independent Cities Risk Management Authority and Arthur J. Gallagher <br />AGENDA TITLE <br />Renewal of Citywide Insurance Program and Policies Procured through Independent <br />Cities Risk Management Authority (ICRMA) and Arthur J. Gallagher, and Appropriation <br />Adjustment, Associated Insurance Premiums, Costs, Programs, and Regulatory Fees <br />for an Amount not to Exceed $12,600,000 (Non -General Fund) <br />RECOMMENDED ACTION <br />1. Authorize the City Manager to approve payment of insurance premiums and <br />associated programs to ICRMA in an amount not to exceed $8,250,000 for the <br />protection of City assets from July 1, 2024 through June 30, 2025 including, but not <br />limited to, the following: <br />a. Excess Liability Program <br />b. Excess Workers' Compensation Program <br />c. Auto Physical Damage Program <br />d. Property and Equipment Program <br />e. Crime Program <br />f. Cyber Program <br />g. Associated Programs <br />2. Authorize the City Manager to approve payment of insurance premiums to Arthur J. <br />Gallagher, Broker, in an amount not to exceed $3,500,000 for ancillary coverages of <br />City's assets from July 1, 2024 to June 30, 2025 including but not limited to: <br />a. General Liability Buffer Program <br />b. Workers' Compensation Buffer Program <br />c. Earth Movement & Flood and Difference in Coverage Program <br />d. Terrorism Insurance Program <br />e. Underground Storage Tank and Environmental Program <br />3. Authorize the City Manager to approve payments to cover FY 2024-25 City Special <br />Events Insurance for events, including, but not limited to, Fourth of July fireworks <br />show, neighborhood winter events, and other City -sponsored events as created and <br />held, in an amount not to exceed $350,000. <br />
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