HomeMy WebLinkAbout2019-642-08/26/2019 Prepared by LeAnn M. Even, Deputy City Clerk, City of Waterloo, 715 Mulberry Street, Waterloo,
IA 50703, 319-291-4323.
RESOLUTION NO. 2019-642
RESOLUTION APPROVING RENEWAL OF GENERAL,
AUTOMOBILE, PUBLIC OFFICIAL'S ERRORS & OMISSIONS, LAW
ENFORCEMENT AND EMPLOYMENT PRACTICES LIABILITY
COVERAGE WITH TRAVELERS INSURANCE, EXCESS LIABILITY
COVERAGE WITH ALLIED WORLD, UMBRELLA LIABILITY
COVERAGE WITH BRIT, PROPERTY INSURANCE COVERAGE
WITH CHUBB, WORKERS' COMPENSATION STOP LOSS
COVERAGE WITH SAFETY NATIONAL, AND WORKERS'
COMPENSATION CLAIMS ADMINISTRATION WITH
ALTERNATIVE SERVICE CONCEPTS, FOR A TOTAL PREMIUM
AND PAYMENT OF $1,680,461, WITH RECOMMENDATION OF
APPROVAL FROM THE INSURANCE COMMITTEE, AND
RESCINDING RESOLUTION NO. 2019-486.
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF WATERLOO, IOWA,
that the renewal of general, automobile, public official's errors & omissions, law enforcement
and employment practices liability coverage with Travelers Insurance, excess liability coverage
with Allied World, umbrella liability coverage with Brit, property insurance coverage with
Chubb, workers' compensation stop loss coverage with Safety National, and workers'
compensation claims administration with Alternative Service Concepts, for a total premium and
payment of $1,680,461, with recommendation of approval from the Insurance Committee, is
hereby approved.
BE IT FURTHER RESOLVED, that Resolution No. 2019-486 is hereby rescinded in its
entirety.
PASSED AND ADOPTED this 26th day of August 2019.
- Quentin Hart, Mayor
ATTEST:
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el ey Feichle I
City Clerk