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Council approves $680,983 insurance invoice after staff details expanded equipment inventory
Summary
Council approved payment of $680,983.04 to the South Dakota Public Assurance Alliance after staff described a new, more complete inventory of mobile equipment that increased recorded assets and insurance exposures; staff said adding auto physical damage coverage could raise premiums by up to about $125,000 and will return with options.
The City of Aberdeen approved an invoice for $680,983.04 to the South Dakota Public Assurance Alliance after staff described changes to how the city tracks mobile equipment and outlined options for expanding fleet insurance.
A representative of the South Dakota Public Assurance Alliance told the council staff had standardized inventories across departments and…
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