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Council approves 2026 property, liability and workers’ compensation renewals and adopts deductible strategy
Summary
After a presentation by USI broker Lance Spence, the council approved a 2026 insurance program (EMC, VFIS and coalition) totaling $558,499 and agreed to implement a workers’ compensation deductible aimed at lowering the NCCI experience modification and future premiums.
City staff introduced a renewal recommendation for the city’s property, liability and workers’ compensation coverage and turned the presentation over to Lance Spence of USI Insurance.
Spence summarized a generally favorable renewal market this year and recommended retaining EMC for property and casualty coverages because EMC offered a flat $75,000 property deductible, which Spence…
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