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17 <br /> Dram Shop/Liquor Liability <br /> Three company's bid on the liquor liability coverage. (Christopher Skelton from Sunrise Park <br /> Insurance Agency will. be present to answer questions). This proved to beneficial because .it. <br /> creates a competitive bidding environment between vendors. <br /> The cost for coverage from these carriers varied in price, as did the coverage offered. United <br /> National Insurance Company was the low bidder and provided the best coverage. United's quote <br /> included coverage for legal defense costs that are outside the liability limits of the $1,000,000. <br /> The other quotes were higher and had legal costs as part of the $1,000,000 liability coverage. <br /> Recommendation: <br /> Staff recommends approval of the following municipal & liquor insurance coverage totaling <br /> $164,124 for the upcoming year (Includes $10,000 Deductible Per Occurrence/$50,000 <br /> Aggregate): <br /> 1) Council approve the League of Minnesota Cities insurance proposal <br /> for the following: <br /> • A. Property $ 7,389 <br /> B. Wand Marine $ 2,006 <br /> C. Boiler/Machinery $ 1,585 <br /> D. Blanket Bond/Fidelity $ 742 <br /> E. Automobile $17,858 <br /> F. General Liability $38,844 <br /> G. Open Meeting Law $ 823 <br /> H. Volunteers Accident Plan $ 1,121 <br /> 2) Council approve workers' compensation coverage totaling $73,451 which <br /> includes an Employee Managed Care Plan. <br /> 3) Council approve United National Insurance Company as the City's <br /> On-Sale/Off-Sale liquor liability carrier at a cost of$20,305. <br />