HomeMy WebLinkAboutR-2018-060 Purchase Insuance from Cowell James Forge Insurance RESOLUTION NO. R—2018-060
A RESOLUTION AUTHORIZING THE PURCHASE OF PROPERTY AND EQUIPMENT
INSURANCE FROM COWELL JAMES FORGE INSURANCE GROUP LLC FOR THE ANNUAL
PREMIUM RENEWAL IN AN AMOUNT NOT TO EXCEED$67,071.00
WHEREAS, the City of Riverside has a need for commercial property and equipment floater
insurance; and
WHEREAS, the City of Riverside in the adoption of its purchasing policy requires all
expenditures in excess of $10,000 to be presented to the Board of Aldermen for approval and the
City's insurance carrier for commercial property and equipment floater insurance has presented an
invoice in the amount of$67,071.00 for annual renewal of such insurance coverage; and
WHEREAS, funds for such purpose were budgeted in the Fiscal Year 2018-2019 budget;
and
WHEREAS, the Board of Aldermen find it is in the best interest of the citizens of the City of
Riverside to authorize acquisition and renewal of such insurance coverage and approve the
payment to Cowell James Forge Insurance Group, LLC, for commercial property and equipment
floater insurance coverage for the City of Riverside, in an amount not to exceed $67,071.00.
NOW THEREFORE, BE IT RESOLVED BY THE BOARD OF ALDERMEN OF THE CITY
OF RIVERSIDE, MISSOURI, AS FOLLOWS:
THAT, the acquisition and renewal of such insurance coverage and payment to Cowell
James Forge Insurance Group, LLC for commercial property and equipment floater insurance
coverage for the City of Riverside, in an amount not to exceed $67,071.00 is hereby authorized and
approved; and
FURTHER THAT the Mayor, City Administrator, or either of their designees, are hereby
authorized to execute all documents necessary or incidental to this transaction and the City Clerk is
authorized to attest thereto.
PASSED AND ADOPTED by the Board of Aldermen and APPROVED by the Mayor of
the City of Riverside, Missouri, the day of July 2018.
r ,- Wyor Kathleen L. Rose
,Robin Kincaid, CityClerk
Cowell lames Forge Invoice # 99 Page 1 of 1
10525 NW Ambassador 8301 Acoximf m" as
Kansas City,MO 64153 RIVERSI-02 7/2/2018
Prion: (818)471-4245 a+mnoueoe
7/212018
Anroae Are Amount Due
$67,071.00
City of Riverside
CRy of Riverside
2950 NW Vivion Rd
Riverside,NO 64150
City of Riverside Commectal Package Policy Number: 1X7552617 Effective: 7/12018 to 7/1/2019
Items i v an io mi Ee Doe 0SUTrene YawlPd" Assumed
1365 7/1/2018 7/2/2018 RENB Renewal 0f Commerdal Property Package E/fective 7/1/20 $67,071.00
Total Invoice Balance: $67,071.00
7/2/2018 City of Riverside Page lot l
07/02/2019 Kos 10: 19 PAX 0001/039
MEM
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EMC Insurance Compan–lea
-----PO B6122647O– — ----^ _Overland Park, KS 06225-5470
www.emcine.com
CITY OF RIVERSIDE
2860 NW VMON RD
RIVERSIDE,MO 84160-1602
07101/201a to o71oinoig
Prepay an Oa/2a/2018
Quote VaNd Through 07/01!2018
Account Summary
Quote Account Number! X875025
Option 003
Prior Account Number. 6X70978
�Commercial Property pe �(A-04) 8 10,965.00
GovtCarirrrw%F'OldNei�ytlSOa�appa(F-01) g4 P S 32,474.0000
Commercial Inland Marine(C 02) 5 22.911.00
Total Account Premium Estimate f 87,071.00
This proposal la ofted through EMC fnsruarncs Compenba. EMC offers cuslomkablo insurance
products to meet your unique needs and expert saif9ty resources to help your business prevent claims. As
your independarif agent we are here to offer you personalIzed servilce.
The premium rallects the rates as of the date shown above and assumes the inllmmation provided Is
accurate.
Please review the following pages for coverage details. To discuss the advantages of Insuring your
business with EMC, contact us of the numberllsled below or visit www.emclns.com.
Thank you,
Cowell James Foorr�e Insurance Group,LLC
10828 N Ambassador Dr Ste 301
Kansais City.MO 64153-1284
816-471-4245
*This proposal does not guarantee the pottay wN be accepted or that coverage wit bs provided in the company
saiacted or at the premium quoted. Due to pododic rata changes,a ohango to Nae pollay'a e0bobw dais may
reautt In a difibront promium.
Prepared for CITY OF RIVERaIDE 0011002 JN 1 of 38