Insurance broker reviews city coverage and premium changes
Marcus Pitts of Brown & Brown briefed the council on the city's CIS liability and property coverages, noting $10 million per-occurrence liability limits, a $120 million property schedule, a premium decrease on the CIS policy to $411,000, flat cyber premiums, and higher workers' compensation costs driven by police-related claims and a slight rise in the experience rating.
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Marcus Pitts, vice president of the public sector team at Brown & Brown, told the Cottage Grove City Council the city participates in the state-specific City County Insurance Services (CIS) pool and that the pool provides robust liability limits: $10,000,000 per occurrence and $30,000,000 aggregate annually.
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