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City reviews insurance renewal; staff recommends adding dishonesty and pollution coverage
Summary
At a work session the council reviewed the city's 2026 property, casualty and cyber insurance renewal. The city's broker said EMC proposed a modest overall increase but cyber premiums rose after a recent $30,000$31,000 claim; staff recommended considering a higher employee-dishonesty limit and environmental pollution liability for the wastewater plant.
Gerald Riley of the Riley Company reviewed the city's property, casualty and cyber insurance renewal during the March 11 work session. Riley said the primary carrier EMC proposed a modest rate increase (about 3.5% on some lines) and the total premium for the program is roughly $20,000 higher than last year, largely because property replacement values were raised and cyber coverage costs increased after a recent claim. "Over the last 4 years, the city of Basehor has received about $44,000 back in a dividend program," Riley said when summarizing the carrier relationship.
Riley recommended the council consider increasing employee-dishonesty coverage (quote: increase limit from $250,000 to $1,000,000 for about $950 annually) and adding pollution liability coverage focused on wastewater operations; he said staff had pursued multiple markets for pollution quotes and expected responses within a week. Council members asked questions about cyber premiums, additional security measures and market options; staff said they have already shared the carrier's cyber recommendations with the city's managed IT provider and received quotes for technical improvements.
