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4/18/2022 4:42:18 PM
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Reso 2022-052 General Liability SelfInsured Retention Increate
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\City Clerk\City Council\Resolutions\2022
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File Number: 22-087 <br />the SIR to $750,000. Based on 10 years of loss history, the City had three losses exceeding <br />$500,000 and one exceeding $750,000. The increase to the SIR limit would keep insurance <br />premium rates consistent with those rates the City pays currently. <br />Fiscal Impacts <br />This Self-Insurance Fund program could potentially net a reduction to general liability insurance <br />premiums totaling approximately $50,000, which requires no adjustment to the FY2022-2023 <br />Adopted Budget. CJPRMA is currently seeking insurance coverages for member agencies and <br />prices will not be made available until later this fiscal year. There will be no off-setting revenues <br />related to this action. <br />Budget Authority <br />This Self-Insurance Fund program will require no Council appropriation for Fiscal Year <br />2021-2022. <br />ATTACHMENTS <br />·Attachment A - Resolution General Liability Self Insured Retention Increase <br />·Attachment B - Actuarial Study - Aon Risk Solutions dated October 6, 2021 <br />PREPARED BY: Megan Stephenson, Interim Risk Manager <br />Scott Koll, Deputy City Manager <br />Page 2 City of San Leandro Printed on 3/30/2022
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