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PAGE TWO <br />SUBJECT: CITY OF LOUISVILLE 2011 INSURANCE COVERAGE <br />DATE: JANUARY 18, 2011 <br />FISCAL IMPACT: The premium for property and liability coverage with Traveler's Insurance <br />for the policy year is $269,533 (includes terrorism and a $1,550 premium for cyber liability), and <br />the premium for worker's compensation insurance with Pinnocol Assurance is $125,916 for a <br />grand total for 2011 of $395,449. The City budgeted $418,900 for 2011 insurance premiums. <br />RECOMMENDATION: Staff recommends the Finance Committee review the information <br />provided and also approves the change to Traveler's Insurance for 2011. <br />ATTACHMENT(S): <br />1. Premium Summary <br />2. Premium Exposure Analysis <br />1t5 <br />