HomeMy WebLinkAbout22261 - RESOLUTIONS - 6/18/2008 RESOLUTION NO. 22261
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
PALM SPRINGS, CALIFORNIA, AUTHORIZING KEENAN &
ASSOCIATES, AS THE CITY'S BROKER OF RECORD, TO
PURCHASE PROPERTY LIABILITY, EXCESS LIABILITY,
CRIME, AIRPORT OWNERS, OPERATORS AND AIRCRAFT
HULL LIABILITY, AND EXCESS WORKER'S
COMPENSATION INSURANCE POLICIES EFFECTIVE
JULY 1, 2008.
WHEREAS The City is self insured for major risk programs, such as general
liability, auto liability and workers' compensation; and
WHEREAS, annually purchases various lines of insurance coverage to minimize
the adverse effects of accidental losses and claims against the City; and
WHEREAS, the City Council appoints a broker of record to purchase insurance
policies for the City.
NOW THEREFORE BE IT RESOLVED by the City Council of the City of Palm
Springs, California authorizes Keenan & Associates, as the City's Broker of
Record, to purchase of the following insurance policies for Fiscal Year 2008-09:
COVERAGE: Premium FY 08-09
PROPERTY
Premium $320,000
Deductibles $250,000 for Earthquake
$100,000 Flood
S10,000 all other Lasses
Limits S342,000,000
•TRIA(terrorism)coverage
included
EXCESS LIABILITY
GL&AUTO
Premium $160,800
Self-Insured Retention $400,000 Employment
Practices, $400,000,all other
Limits $10,000,000
CRIME
Premium $4,415
Deductibles $10,000/S1,000
Limits $1,000 00015100,000/5300,000
AIRPORT LIABILITY
Premium $48,430
Deductible $1,000
Limits $50,000.000
AIRCRAFT HULL
Premium $5,240
Deductible $500 In Motion!$1,000 Static
Limits $5,000,000
EXCESS
WORKERS' COMP
Premium $81,423
Resolution No. 22261
Page 2
SIR-Police&Fire $1,000,000
SIR-all other 51,000,000
employees $50,000,000 per occurrence
Limits
Total Premiums $620,308
ADOPTED THIS 18T" DAY OF JUNE, 2008-
David H. Ready, r
ATTEST:
mes Thcmpson, City Clerk
CERTIFICATION
STATE OF CALIFORNIA )
COUNTY OF RIVERSIDE ) ss-
CITY OF PALM SPRINGS )
I, JAMES THOMPSON, City Clerk of the City of Palm Springs, hereby certify that
Resolution No. 22261 is a full, true and correct copy as was dulX adopted at a regular
meeting of the City Council of the City of Palm Springs on the 18t day of June, 2008 by
the following vote:
AYES: Councilmember Hutcheson, Councilmember Mills, Councilmember
Weigel, Mayor Pro Tem Foat, and Mayor Pougnet.
NOES: None.
ABSENT: None.
ABSTAIN: None.
mes Thompson, City Clerk �� I I f Zoe
City of Palm Springs, California / Y