Town board approves Springer and Springer insurance renewal after comparing quotes

The French Lick town board voted to accept an insurance package with Springer and Springer Insurance for both its commercial package and workers’ compensation coverage after reviewing competing quotes from brokers including Arthur J. Gallagher and other carriers. Kathy summarized a renewal option that reduced the town’s premium from $101,224 last year to $99,088 while noting increases in certain building values and inland marine limits.

Board members spent extensive time comparing coverage details rather than price alone, with a Gallagher representative explaining differences in excess limits by line and noting that some carriers offer higher limits for sexual-abuse and molestation claims (five million) compared with other offers that listed three million. The representative also described how some programs structure excess liability by individual line rather than as a single pooled limit, which can affect how coverage responds after a large law-enforcement claim.

At the close of discussion the board made and seconded a motion to accept Springer and Springer Insurance for the town’s commercial package and workers’ compensation; the motion passed by voice vote. The board recorded no roll-call vote tally in the transcript and directed staff to confirm that the chosen policy’s property values, payrolls and vehicle listings match current town records before finalizing paperwork.

The board’s action preserves existing provider relationships and claims service, while members asked staff to verify payroll assumptions and vehicle counts used in quotes and to ensure inland marine and building valuations reflect recent updates.