Agenda Packets - 1984/12/10 - Laserfiche WebLink

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Corporate Risk Managers, Inc. 109 eden west pfole9elonai building 7525 mlichell road • eden prairie, minnesola 55344 • (612) 937.8942 TO City of Mounds View City Council DATE: December 3, 1984 SUBJECT: Corporate Risk Managers, Inc. Contract For Services As you may be aware, our contract with the City of Mounds View came up for renewal on November 1, 1984. This year's contract is proposed and written for one year at the same annual cost as last year of $3,325. Additionally, the terms and conditions of this contract remain the same for this year as well. An overview of this past year's accomplishments show that the City has gained a more effective, comprehensive and safety -oriented insurance program. Some of the improvements are as follows: Our office has conducted an extensive property evaluation of City buildings and a safety inspection of all locations. This resulted in an increase in building values with coverages broadened to all risk, replacement cost and several safety recommendations which have been adopted by the City. The City has, through our essi.stance, been able to broaden its coverages in the areas of property, valuable papers and records, extra expense, contractor's and miscellaneous equipment, boiler and machinery, automobile and general liability, public officials' liability, umbrella liability, and bond coverages. In conjunction with our office and City staff, the City now maintains accurrte records and files on all City owned properties and equipment. These schedules are continually updated by both offices in the event of any loss. Our office continues to assist the City and its insurance company in the handling of insurance claims. As for this upcoming year, I anticipate my efforts and that of the City staff will be directed towards stabilizing the City's insurance costs as the insurance market has become very unstable, working with the City on upgrading its property and safety programs through on -site evaluations and preparing for the City's upcoming insurance renewal on May 1, 1985.