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Insurance review finds $543 drop in premiums, council hears coverage overview
Summary
Jensen Insurance presented the city's annual policy review and reported a $543 reduction in premiums; council reviewed types of coverage and confirmed cost-sharing among city, fire and ambulance departments.
Mayor Padraic Rigg opened the Feb. 2 meeting and the council heard Jensen Insurance representative Brad Antonson review the city's annual insurance package. Antonson told council the city's premium decreased by $543 this year and summarized coverage areas including property, liability, crime/fidelity, inland marine, automobile, umbrella, cyber solutions, linebacker and law enforcement coverage.
Antonson noted the City, the volunteer Fire Department and the Ambulance Department share the annual premium. Council members asked procedural questions about event coverage, and CM M. Stokely raised how coverage is handled for Days of '59 participants; the council discussed options but took no separate action beyond receiving the review.
