City Hears Presentation From South Dakota Public Assurance Alliance on Coverage, Deductibles and Cyber Risk

Lynn Brennan, executive director of the South Dakota Public Assurance Alliance, told the Beresford City Council on Aug. of the Alliance's structure, coverage and member services and left a formal quote packet for the city to review. "We are a pool. We are not commercial insurance," Brennan said, explaining that members' contributions fund claims, loss control and risk management services provided to local governments across South Dakota.

Brennan said the Alliance offers blanket property coverage with no coinsurance clause and conducts on-site property appraisals within the first 90 days to five years thereafter; the pool also applies an inflation-guard between appraisals. She said the pool quoted the city a $5,000 per-occurrence deductible for buildings and contents and provided a comparison showing a $1,000 deductible would increase the city's contribution by about $8,600 annually. "It's about $8,600 more to bring all your buildings and contents down…