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Adams County approves renewed insurance package; law-enforcement coverage changed with higher deductibles
Summary
The Board approved a renewal of the county's property and liability insurance program. Insurance broker Jack Burness told supervisors the overall premium rose to roughly $807,000 from about $670,000 last year and that law-enforcement liability will have lower aggregate limits and a higher deductible under the new quotes.
The Adams County Board of Supervisors voted to accept a renewal package for the county's property, general liability and law-enforcement insurance coverage after a staff presentation and broker recommendations.
Insurance broker Jack Burness reviewed the proposals and said the county's total premium for the package increased to about $807,000 from roughly $670,000 last year. Burness told the board markets are constrained and noted particular pressure in the law-enforcement market.
"The best we've been able to find is a million per occurrence, a million general aggregate, and the deductible is a 150,000," Burness said of the law-enforcement liability quote, calling it a substantial change from the prior structure that had a higher aggregate and a lower deductible. He described the new law-enforcement coverage as a claims-made policy with a retroactive date at the new policy start; Burness also presented the option to buy an extended reporting period (tail) for roughly $97,391, which supervisors could consider.
Board discussion focused on higher deductibles and whether additional markets might be found. Burness said staff and broker teams had solicited many markets and the presented package reflected the best available options at the time. Several supervisors asked whether the county should continue searching for alternatives; staff said they would continue outreach but recommended approving the renewal to avoid a lapse in coverage.
The board approved the renewal. A motion to accept the insurance renewal carried after a vote by the supervisors present.
Ending: Staff said they would continue market outreach and return with recommendations about retroactive coverage (extended reporting period) and any midterm market developments.
