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OCII authorizes liability insurance contract with Alliant Insurance Services
Summary
The commission authorized a one-year liability insurance contract with Alliant Insurance Services (not-to-exceed ~$160,500) with a five-year renewal option, citing lower premiums and administrative convenience; the contract passed on a unanimous roll call.
The Commission on Community Investment and Infrastructure authorized the executive director to enter into a liability insurance contract with Alliant Insurance Services for the coming year and to renew the contract annually through 2018 unless premiums rise more than 10 percent.
Leo Levinson, deputy director for finance and administration, said the previously posted memo listed a not-to-exceed amount of $166,000 but that Alliant had indicated the actual not-to-exceed figure would be below $160,500. "We're very familiar with Alliant," Levinson said, describing $10 million per-occurrence limits for most liability with $5 million for employment-related claims and a $25,000 deductible — an improvement over the agency's prior $50,000 deductible.
Levinson said Alliant acted as broker to assemble coverage from several highly rated insurers and that staff pursued broker channels; he added the city's broker quotes for a comparable package were materially higher. The proposal would allow administrative continuity for up to five years, with staff required to return if premiums increased substantially.
One public commenter, Ace Washington, used his allotted time to call attention to longstanding community grievances in the Western Addition and Fillmore and urged the agency to meet with community leaders; his remarks did not alter the staff recommendation.
A motion to approve the insurance contract was made and seconded; the commission approved the contract by unanimous roll call (5 ayes).
