Broken Arrow City Council
Meeting of: June 6, 2022
Title:
title
Approval of and authorization to execute a purchase of Central Insurance Policies for the Bass Pro umbrella policy, and Bass Pro general liability policy, effective July 1, 2022
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Background:
Central Insurance Companies currently provides umbrella coverage and general liability coverage for the City-owned building occupied by Bass Pro Shops. The general liability policy provides premises liability coverage with limits of $1,000,000 per occurrence. The general liability policy premiums through Central totals $4,022.00. Additionally, there is a separate $5,000,000 umbrella policy offered by Central, which premiums total $2,414.00. The renewal premiums for these two policies totals $6,436.00 for FY 2022-2023.
Staff recommends approval of these policies offered by Central Insurance.
Cost: $6,436.00
Funding Source: General Government 110-1700 and BAMA 220-1700
Requested By: Kelly Cox, Human Resources Director
Approved By: City Manager’s Office
Attachments: Bass Pro 2022-2023 Package Renewal liability (Central)
Bass Pro 2022-2023 UMB Renewal (Central)
Recommendation:
recommend
Approve the purchase of Central Insurance Policies for the Bass Pro umbrella policy, and Bass Pro general liability policy, effective July 1, 2022 and authorize its execution
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