City Council

17. BID & PURCHASE - CITY LIABILITY, PROPERTY, AND WORKERS’ COMPENSATION\nINSURANCE POLICIES FOR FISCAL YEAR 2024, AS WELL AS A RESOLUTION TO\nPROVIDE WORKERS' COMPENSATION COVERAGE TO CERTAIN VOLUNTEER\nPOSITIONS\nThat the City Council:\na. General Liability. Authorize the renewal of the City’s excess general liability\ninsurance policy through the Public Risk Innovation, Solutions and Management\nJPA for Fiscal Year 2024, with an estimated maximum premium amount of up to\n$1,945,495, coverage of $25M per occurrence, and maintenance of our\nself-insured retention at $500,000 per occurrence.\nb. Workers’ Compensation. Authorize the renewal of the City’s excess workers’\ncompensation insurance policy through the Public Risk Innovation, Solutions and\nManagement JPA for Fiscal Year 2024, with an estimated maximum premium\namount of up to $459,354. Coverage is equal to the statutory requirements for\nworkers’ compensation and $5M per occurrence for employer’s liability, and an\nSIR of $1M per occurrence. The premium is based on estimated payroll and is\nsubject to adjustment based on actual payroll.\nc. Property. Authorize the renewal of the City’s property insurance with Alliant’s\nProperty Insurance Program for Fiscal Year 2024, with an estimated maximum\npremium amount of up to $1,274,412, coverage for both real and personal\nproperty valued at approximately $721,129,664 (up from $669,967,294 last\nyear), a coverage limit of $1B per occurrence (subject to policy exclusions and\nother sub-limits, including a $500K deductible for wildfires and $5M deductible\nfor the biosolids facility), continuation of coverage for vehicles at actual cash\nvalue (as opposed to replacement value), continuation of coverage off-premises\nonly for vehicles with a value of $100,000 or more, primary SIR levels set at\n$10,000 per occurrence for vehicles off-premises and on-premises, $50,000 for\nbuildings and facilities. In addition, the APIP policy includes first level cyber\nliability coverage through the pool’s Cyber Program, with an aggregate pool limit\nof $45M and an aggregate individual member sub-limit of $2M.\nd. Crime. Authorize the renewal of the City’s Master Government Crime insurance\nthrough the Public Risk Innovation, Solutions and Management JPA with the\nNational Union Fire Insurance Company of Pittsburgh, PA (“National Union”) for\nFiscal Year 2024, with an annual estimated premium of $12,161, coverage of\n$10M per occurrence, and a deductible of $2,500 per occurrence.\ne. Airport. Authorize the renewal of the City’s Airport Liability insurance with the\nStarr Indemnity & Liability Company for Fiscal Year 2024, with a premium of\n$4,872, coverage of $25M per occurrence, and no deductible or SIR. No change\nin premium from last fiscal year.\nAgenda\nf. Enhanced Pollution. Authorize the renewal of the City’s enhanced pollution\nliability insurance with Ironshore Specialty Insurance Company for Fiscal Year\n2024, with a premium of $138,142, coverage of $10M per pollution condition,\nand an SIR of $250,000 per pollution condition.\ng. Deadly Weapon Response Program. Authorize the renewal of Alliant’s Deadly\nWeapon Response Program coverage, underwritten by Lloyd’s of London, for\nFiscal Year 2024, with an annual premium of $8,519 and coverage of $500,000\nand sub-limit coverage of $250,000 for various incident related services and\ncoverages.\nh. Volunteer Workers’ Compensation Coverage. Adopt Resolution No. 2023-051,\nestablishing and approving a list of authorized volunteers deemed to be\nemployees of the City for the sole purpose of providing workers’ compensation\ncoverage while performing such volunteer service.\ni. Marketing Process. Pursuant to Corona Municipal Code Section 3.08.140(E), find\nthat it is in the best interest of the City and its administrative operations to\ndispense with the City’s normal formal competitive bidding process and authorize\nthe above purchases using Alliant’s competitive process, since the City’s\ncompetitive bidding process is not amenable to the purchase of these insurance\npolicies and Alliant’s competitive process is a thorough and competitive which is\nan appropriate alternative to the City’s formal public competitive bidding\nprocedures.\nj. Earthquake & Flood. Concur with staff recommendation not to purchase\nearthquake and flood insurance because it is not available at a reasonable cost.\nk. Implementation Actions. Authorize staff to take all other actions and execute all\ndocuments necessary to implement these recommendations, including any minor\nadjustments which are consistent with these recommendations and within the\nfinally adopted Fiscal Year 2024 budgets for the Workers Compensation Fund\n(#68320120) and the General Liability Fund (#68720120).\nThat the Corona Utility Authority review, ratify and to the extent necessary, direct\nthe City Council to take the above actions.