HomeMy Public PortalAbout1997_05_27_R129 The Town of
Leesburg,
Virginia
RESOLUTION NO.
A RESOLUTION:
PRESENTED May 27, 1997
97-129 ADOPTED May 27, 1997
AWARDING CONTRACTS FOR PROPERTY AND CASUALTY
INSURANCE COVERAGES FOR THE FISCAL YEAR BEGINNING
JULY 1, 1997
WHEREAS, on May 1, 1997, the town received proposals from insurance agents and brokers to
provide the town with property and casualty insurance coverages for the fiscal year beginning July 1, 1997;
and
WHEREAS, the proposals have been reviewed and evaluated by the town's insurance consultant,
McNeary Insurance Consultants, Inc.; and
WHEREAS, based upon McNeary's review and evaluation, it is recommended that the town's
coverages for property, flood and earth movement, general liability, crime/bond, automobile and garage
liability, and umbrella liability be awarded to the St. Paul Insurance Company through their agent AH&T
Insurance Agency, at a premium of $123,780; and
WHEREAS, the town's boiler and machinery coverages are recommended to be awarded to the
Kemper Insurance Company through their agent AH&T Insurance Agency at a premium of $3,500; and
WHEREAS, the town shall continue to participate in the Virginia Municipal Group Self Insurance
Association's program for Worker's Compensation coverage at a premium of $109,179; and
WHEREAS, the town shall continue to participate in the VARISK2 program for public officials
and law enforcement legal liability through the Virginia Division of Risk Management at a premium of
$12,311; and
WHEREAS, the town's coverage for Airport liability is recommended to be awarded to the Old
Republic Insurance Company through their agent A.W. Hargrove at a premium of $8,932; and
WHEREAS, the town's coverage for environmental liability is recommended to be awarded to the
American International Specialty Lines Insurance Company through their agent AH&T Insurance Agency
at a premium of $11,476; and
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RESOLUTION - AWARDING CONTRACTS FOR INSURANCE COVERAGES
WHEREAS, the town's coverage for excess public officials and law enforcement liability is
recommended to be awarded to the United National Insurance Company through their agent the AH&T
Insurance Agency at a premium of $7,494.
THEREFORE, RESOLVED by the Council of the Town of Leesburg in Virginia that the town
manager is authorized to execute these insurance coverages on behalf of the town with coverage effective
July 1, 1997.
PASSED this 27th day of May ,1997.
lem, Mayor
Leesburg
ATTEST:
Clerk of Council
R:Insurance