9/22/1982 - Laserfiche WebLink

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DISCUSSION RE CHANGE OF INSURANCE CARRIER Finance Director Barton noted that we have had one proposal from Risk Management Services on insurance coverage, and tonight our present insurance carrier, Hamilton Arden, wishes to go over his proposal. Mr. Barton commented that Mr. Arden will review some changes in the present coverage which will bring the cost down lower than discussed at the last meeting, and it now is the recommendation of the Finance Department that we stay with our present carrier. Chairman Scurlock informed the Board that Mr. Minotty of the Finance Advisory Committee has suggested that specifications be drawn up for insurance coverage so we can look at the competition, and Mr. Minotty has offered his services in this regard. Finance Director Barton pointed out that the anniversary date of our present insurance policy is October 1st and anything other than that date would require a short term policy at very high rates. It was his recommendation to put a policy in effect for a year and then have someone work on specifications during the year. Mr. Barton further noted that there are some internal problems in regard to coordinating the various insurances we have; too many people are involved, which results in mass confusion. He reported that he has talked with the Administrator about designating an individual who would be responsible for seeing that all County equipment, property, etc., is properly insured. Administrator Wright confirmed that this problem will be corrected. Hamilton Arden informed the Board that the basic changes he is recommending from the present coverage are the addition of an excess liability umbrella policy at a cost of ,/ $10,000 and removal of the deductible on the Errors & Omissions policy at a cost of $600.00. 67 �5-1 P�ti nE�� t W. `` - ��DX ..