HomeMy WebLinkAbout07-242 Resolution No. 07-242
RESOLUTION
ACCEPTING THE PROPOSAL OF LUNDSTROM INSURANCE FOR
LIMITED SELF-INSURANCE PROGRAM
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF ELGIN,ILLINOIS,that
Olufemi Folarin, City Manager, be and is hereby authorized and directed to accept the proposal on
behalf of the City of Elgin of Lundstrom Insurance for the city's limited self-insurance program for
the period October 1, 2007 through September 30, 2008 as follows:
a. To award Safety National a$550,000 SIR worker's compensation proposal for a
total excess premium cost of$90,756.
b. To accept St. Paul's renewal for a premium cost of$827,457 and a claims
administration fee of$61,000.
c. To accept American International Specialty Lines' renewal pollution liability
policy for a premium cost of$54,386.
s/Ed Schock
Ed Schock, Mayor
Presented: September 26, 2007
Adopted: September 26, 2007
Vote: Yeas: 7 Nays: 0
Attest:
s/Diane Robertson
Diane Robertson, City Clerk