HomeMy WebLinkAboutR-2018-103 Purchase Auto and Liability Insurance $66,158 RESOLUTION NO. R- 2018-103
A RESOLUTION AUTHORIZING THE PURCHASE OF AUTO AND LIABILITY INSURANCE
FROM THE MISSOURI PUBLIC ENTITY RISK MANAGEMENT FUND INSURANCE COMPANY
FOR THE ANNUAL PREMIUM RENEWAL IN AN AMOUNT NOT TO EXCEED $66,158.00.
WHEREAS, the City of Riverside has a need for auto and liability insurance coverage on all
city owned vehicles and property; 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 auto and liability insurance has presented an invoice in the amount of
$66,158.00 for annual renewal (for a six-month period for alignment with our fiscal year) 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 Missouri Public Entity Risk Management Fund (MoPerm)for auto and liability insurance
coverage for the City of Riverside, in an amount not to exceed $66,158.00.
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 Missouri
Public Entity Risk Management Fund (MoPerm) for auto and liability insurance coverage, in an
amount not to exceed $66,158.00 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 18"' day of December, 2018.
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Mayor Kathleen L. Rose
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Roti9rr 6 id; ity Clerk
INVOICE
MISSOURI PUBLIC ENTITY RISK MANAGEMENT FUND
3425 Constitution Court,3rd Floor
P.O. Box 7110
Jefferson City MO 65102
(888)566-7376 Fax(573)751-8276 Date Invoice Number
11-30-2018 135532
Account Number Policy Number
1002 LP-1002-201901
Invoice To:
CITY OF RIVERSIDE Policy Tenn:January 1,2019 to July 1,2019
2950 NW VIVION RD
RIVERSIDE MO 64150
TERMS DUE UPON RECEIPT
PLEASE REMIT PAYMENT TO:
MOPERM
3425 Constitution Court,3rd Floor
P.O. Box 7110
Jefferson City MO 65102
Description Amount
Auto Physical Damage(Fleet) $11,599.00
Automobile Liability(Fleet) $7,641.00
General Liability $8,681.00
Employment Practices Liability $17,114.00
Errors&Omissions Liability $1,616.00
Law Enforcement Liability $17,500.00
Healthcare Malpractice $1,307.00
Cyber&Information Breach Coverage $700.00
TOTAL AMOUNT DUE $66,158.00
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2016 2017 2018 2019
Auto Physical(fleet) 17,157 16,618 21,237 23,198
Auto Liability 13,264 13,264 14,856 15,282
General Liability 11,812 12,993 15,745 17,362
Employment Pract 19,772 22,826 28,538 34,228
Errors&Omission 1,907 2,098 2,488 3,232
Law Enforc. Liab. 19,440 21,384 28,965 35,000
Healthcare Malprac 2,240 2,240 2,613 2,614
Cyber& Info Breach -0- 800 1,075 1,400
total - $85,592 92,223 115,517 132,316
8% 25% 14%
2016 2017 2018 2019
Auto Physical (fleet) 17,157 16,618 21,237 23,198
Auto Liability 13,264 13,264 14,856 15,282
General Liability 11,812 12,993 15,745 17,362
Employment Pract 19,772 22,826 28,538 34,228
Errors&Omission 1,907 2,098 2,488 3,232
Law Enforc. Liab. 19,440 21,384 28,965 35,000
Healthcare Malprac 2,240 2,240 2,613 2,614
Cyber& Info Breach -0- 800 1,075 1,400
total - $85,592 92,223 115,517 132,316
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