CITY COUNCIL AGENDA ITEM
ACTION REQUESTED:
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Approve the recommendation by Alliant Insurance Services to award Excess Liability Insurance Coverage through the Alliant National Municipal Liability Program for an amount not to exceed $483,142 and for a one-year term
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DEPARTMENT: Finance Department
SUBMITTED BY: Raymond Munch, Finance Director
BOARD/COMMISSION REVIEW:
N/A
BACKGROUND:
In 2022, the City awarded Contract 22-072, Insurance Brokerage and Professional Consulting Services, to Alliant Insurance Services, Inc. As the City's insurance broker, Alliant works on behalf of the City to procure options on various insurance policies before providing a final recommendation to the City for approval.
The City maintains a self-insurance policy of up to $2 million against costs associated with bodily injuries, property damage, public officials' errors and omissions, employment practices liability, and personal injury. Excess liability coverage provides additional protection against the same claims beyond the City's self-insured limits. As an Alliant client, the City has access to the Alliant National Municipal Liability (ANML) program, a comprehensive policy structured through a group purchase program providing coverage for claims.
The City's current excess liability insurance policy expires July 1, 2026.
DISCUSSION:
The City currently maintains $10 million in excess liability coverage through the ANML program, which Great American Insurance Company and Starstone Specialty Insurance Company underwrite. During the 2025-26 renewal period, staff asked Alliant to evaluate the cost of additional coverage, given the landscape of ever-increasing awards for the types of claims covered under this policy, particularly in the state of Illinois. Alliant secured a quote for an additional $5 million in excess liability coverage through Navigators Excess Insurance. This provides the City with a total of $15 million in excess liability coverage beyond our $2 million sel...
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