Insurance representative outlines Mako renewal; Treasure County hears coverage, rate and risk-management details

Treasure County commissioners on May 19 received an insurance renewal and risk-management presentation from Mako representatives. The presentation reviewed line-by-line premium changes, risk-management resources and optional contract terms, and commissioners discussed next steps for signing acknowledgments.

Key points: The presenter said the county’s contribution will reflect a 2.74% overall decrease driven by changes in covered property and claims experience; vehicles and equipment rates were unchanged while some property and liability components were adjusted. Mako representatives said they were able to include zoning, ethics and flood-plain defense coverage at no additional premium this year. The pool also includes a $5 million builders-risk policy available when counties undertake construction projects.

What the board discussed: Commissioners and staff asked about vacancy clauses for vacant buildings, deductible options and the process for signing acknowledgment forms locally. The presenter noted fidelity/crime costs rose (from about $19 to $23.86 per employee) and explained that some large claim histories drive differences between counties. The board discussed an option to sign a longer agent contract to streamline renewals; commissioners asked staff to bring any long-term contract paperwork back for consideration.

Next steps: Commissioners will sign the property-acknowledgement form locally and staff will follow up with the presenter on unanswered items (flood coverage in builder’s-risk and any vacancy exclusions). The presenter will email contract-extension paperwork to be added to a future agenda if the board wishes to consider a multi-year agent agreement.