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01/24/95
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01/24/95
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7/7/2025 3:01:59 PM
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9/29/2003 9:34:22 AM
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Meetings
Meeting Document Type
Agenda
Document Title
Finance Committee
Document Date
01/24/1995
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I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br /> <br />1 <br />l <br /> <br /> 1 <br /> <br />RECOMMENDATIONS <br /> <br />Renew the League Package at the higher deductible, Option II <br />whi=h would only put the City at a potential risk of $5000 <br />perl claim to a maximum additional risk per year of $8600. <br />Fori a reduction in premium of this size ($6400), and only <br />exposing yourself to a maximum additional loss retention of <br />$86~00, this seems to make sense. I would suggest reserving <br />a portion of your dividend to fund the additional exposure. <br /> <br />Renew the Workers' Compensation with the $500 deductible per <br />claim (I used this premium in the breakdown). <br /> <br />Reject the excess liability quote, which is over $10,000 in <br />additional premium. <br /> <br />Last year we were to receive an inventory of your larger <br />equipment. Let's do that for sure this year. I will assist <br />MerLe on this. <br /> <br /> <br />
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