Laserfiche WebLink
15.Renewal of Citywide Insurance Program and Policies Procured through <br />Independent Cities Risk Management Authority (ICRMA) and Arthur J. <br />Gallagher, and Appropriation Adjustment, Associated Insurance Premiums, <br />Costs, Programs, and Regulatory Fees for an Amount not to Exceed <br />$12,600,000 (Non -General Fund) <br />Department(s): Human Resources <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 <br />not 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 <br />Arthur J. Gallagher, Broker, in an amount not to exceed $3,500,000 for ancillary <br />coverages of City's assets from July 1, 2024 to June 30, 2025 including but not <br />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 <br />Special Events Insurance for events, including, but not limited to, Fourth of July <br />fireworks show, neighborhood winter events, and other City -sponsored events <br />as created and held, in an amount not to exceed $350,000. <br />4. Authorize the City Manager to approve the City's obligation to pay the State of <br />California DIR estimated assessment in the amount not to exceed $500,000. <br />5. Approve an Appropriation Adjustment to recognize $2,200,000 in the Liability <br />and Property Insurance Revenue, Prior Year Carryforward revenue account <br />(No. 08009002-50001) and appropriate the same amount into the Liability & <br />CITY COUNCIL 10 AUGUST 6, 2024 <br />