Title
Authorization to accept the proposals for FY 2026 for excess liability insurance from Marsh & McLennan Insurance Agency, and to execute any necessary Contracts and documents on behalf of the Urban County Government with, the following insurance companies and/or their respective broker Marsh & McLennan Agency: aviation from Westchester Fire Insurance (CHUBB) at a cost of $59,094.90; general, public officials, auto, employer, and law enforcement liabilities from Safety National Casualty Corporation at a cost of $1,066,966.18; on the road auto from Safety National Casualty Corporation at a cost of $82,893.89; excess liability from Obsidian at a cost of $660,240.00; property from Affiliated Factory Mutual (FM) at a cost of $1,001,181.00; cyber from Axis Co. at a cost of $76,906.85; pollution from Allied New World at a cost of $25,465.65; and workers’ compensation from Safety National Casualty Corporation at a cost of $570,708.00; workers compensation audit and bonds from Safety National Casualty Corporation at a cost of $23,389.00. Insurance policies represent $3,566,845.47 in premiums. Funds are included in the FY 2026 budget.
Summary
Authorization to accept the proposals for FY 2026 for excess liability insurance from Marsh & McLennan Insurance Agency, and to execute any necessary Contracts and documents on behalf of the Urban County Government with, the following insurance companies and/or their respective broker Marsh & McLennan Agency: aviation from Westchester Fire Insurance (CHUBB) at a cost of $59,094.90; general, public officials, auto, employer, and law enforcement liabilities from Safety National Casualty Corporation at a cost of $1,066,966.18; on the road auto from Safety National Casualty Corporation at a cost of $82,893.89; excess liability from Obsidian at a cost of $660,240.00; property from Affiliated Factory Mutual (FM) at a cost of $1,001,181.00; cyber from Axis Co. at a cost of $76,906.85; pollution from Allied New World at a cost of $25,465.65; and workers’ compensation from Safety National Casualty Corporation at a cost of $570,708.00; workers compensation audit and bonds from Safety National Casualty Corporation at a cost of $23,389.00. Insurance policies represent $3,566,845.47 in premiums. Funds are included in the FY 2026 budget.
Budgetary Implications [select]: Yes
Advance Document Review:
Law: Pending, Completed by [Attorney Name, Date]}
Risk Management: Yes, Completed by Mike Skidmore, June 2, 2025.
Fully Budgeted [select]: Included in FY 26 budget
Account Number:
1101-XXXXX-XXX-73101 $2,554,931.41
1115-XXXXX-XXX-73101 $251,462.61
4002-XXXXX-XXX-73101 $752,961.08
4051-XXXXX-XXX-73101 $7,490.38
This Fiscal Year Impact: $3,566,845.47
Annual Impact: $
Project:
Activity:
Budget Reference:
Current Balance:
Body
{COUNCIL CLERK’S OFFICE WILL COMPLETE - Body of resolution or ordinance}