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September <br />Page 3 <br />While there is no yuarantee that an insurance and risk management consultant <br />could save the City money the possibility exists. More importantly, the <br />primary reason I would recommend the hiring of an insurance consultant is <br />for the determination of the adequacy of present insurance coverages. <br />nce <br />having an insurance expert, who is not associated with an coseracoverages <br />company, review our operations and advise the City as top P <br />and to benwell worthetheng it at retainerthe paidest to thesconsultant,ible cost, would, in <br />my opinion,ion, <br />I would recommend that Council enter into a contract with Corporate Risk <br />Manager's Inc. to provide insurance and risk management servicesob for to Their <br />the <br />City. Based upon reference checks the will do a 9 J <br />fees are also the most reasonable. <br />Our insurance Account 100-190-4480 is under budget this year due to lower <br />than anticipated insurance costs. I would recommend that the annual fee <br />of Corporate Risk Manager's Inc. be paid from this account. <br />28, 1983 <br />Should you have any questions do not hesitate to contact me. <br />DB/ds <br />Attachments <br />