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Council approves Shepherd Insurance renewal; premium rises $4,818 to $791,679
Summary
The board approved a property and general liability insurance renewal with Shepherd Insurance; premium increased by $4,818 to $791,679 and the insurer's Miles Parker attended to answer questions.
City staff presented the annual renewal proposal from Shepherd Insurance for property and general liability coverage. The renewal showed a $4,818 increase from the prior year, bringing the premium to $791,679 for the coming year. Staff reported no changes to deductibles or coverage details. Miles Parker of the insurance firm was present to respond to questions.
When asked whether deductibles had changed, the board was told there were no program changes. The board approved the renewal by motion and voice vote; staff will complete required paperwork with the insurer.
