Title
A Resolution authorizing the Mayor, on behalf of the Urban County Government, to accept the Proposals for FY2013 for Excess Insurance from, and to execute any necessary contracts and documents on behalf of the Urban County Government with the following insurance companies and/or their respective brokers: Workers’ Compensation Insurance from New York Marine and General Insurance Co. at a cost not to exceed $351,018; excess property, boiler and machinery insurance from Public Entity Property Insurance Program at a cost not to exceed $274,882; excess special liability from National Casualty Co. at a cost not to exceed $460,995; international from Great Northern Insurance Co. at a cost not to exceed $3,250, self-insurance auto no-fault bond from International Fidelity Insurance Co. at a cost not to exceed $2,545; and aviation liability from Phoenix Aviation Managers at a cost not to exceed $4,581; all subject to sufficient funds being appropriated. [Div. of Risk Management, Johnston]
Summary
Request Council authorization for FY2013 Property and Casualty Insurance Renewals - Excess Workers’ Compensation, Property, Liability, Aviation, Self-Insured Auto No-Fault Bond & International.
Budgetary Implications: Yes/NO
Advance Document Review: Law/Risk Management
Fully Budgeted: Yes
Account Number:
Fund Cost Allocation Premium Allocation
1101-XXXXX-XXXX-73101 81% $1,097,171.49 $888,708.91
1115-XXXXX-XXXX-73101 8% $1,097,171.49 $87,773.72
4002-XXXXX-XXXX-73101 11% $1,097,171.49 $120,688.86
This Fiscal Year Impact: $1,097,171.49
Annual Impact: $1,097,171.49
Project:
Activity:
Budget Reference: FY 2013
Current Balance: Included in FY 2013 Mayor’s Proposed Budget
1101-XXXXX-XXXX-73101 $1,135,710
1115-XXXXX-XXXX-73101 $108,070
4002-XXXXX-XXXX-73101 $149,980
Body
BE IT RESOLVED BY THE COUNCIL OF THE LEXINGTON-FAYETTE URBAN COUNTY GOVERNMENT:
Section 1 - That the Mayor, on behalf of the Lexington-Fayette Urban County Government, be and h...
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