Agenda Packets - 1985/12/16 - Laserfiche WebLink

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TO: Mayor and Council FROM: Finance Director -Treasurer Brager DATE: December 11, 1985 RE: RENEWAL OF INSURANCE AND RISK MANAGEMENT CONSULTANT CONTRACT At th< December 2, 1985 Agenda Session the proposed renewal contract from Corporate Risk Managers Inc.,sthe CitAs Insurance Consultant was p resented and discussed. Position as consequence of that discussion I feel than staffs that adequate resented adeq y to the need for an insu.ance consultant and the source o funding for the consultant's fees was not p in staff's December 2, 1985 memnrandum. The City first contracted with Corporate Risk Managers for insurance and risk management services in i9R4 and that time subsequently renewed that contract for 1985. During and varied insurance and risk they have performed many of Mounds View. The most management services for the Cityis the writ obvious task whiching of insurance they P otiation of the plarament and the two years that they specifications, and the ney ocher tasks for renewal of coverages. Howe have performed many adequacy of have been on retainer theylevel and Each year they have reviewed the recomtendedachanges and present insurance coveragesassisted in and appraisal of City buildings and presentations in those coverages. In 1984 they the City. conducting an inventoryeCes of equipment owned by contents and various p Reco:..mende'Ions were also made as to modifications it insurance coverages carried. The laced�withctferhomeh were subsequently negotiated and p for City buildings Insurance Company Pro•'"ied greater coverage and contents and equipment as well ranbeoaraasdatonorages in various liab,lity and property The Firm has also additional premium cost to the City. analysed the City s Workers Compensation Proycer and has worked with City staff a.id the insuenACer�arri c)assifications and classify workers as to workers comp rates. These actions resulted in many workers being than previous coverages, healthcare transferred to workers compensation classificaThe tiocs which w're less costly for the City staff in reviewing employ roved has also assisted City Another Another area which has proved Risk life insurance coverages* been the efforts of Corp oratebeneficial to the Cityhas as staff with the reviewal of Managers in assistingCity audits. All of cur insurance insurance company p I