The village of Barrington Hills Insurance Committee met Nov. 8 to renew coverage.
Here is the meeting's agenda, as provided by the committee:
112 Algonquin Road ~ Barrington Hills, IL 60010-5199 ~ 847.551.3000
VILLAGE OF BARRINGTON HILLS
Insurance Committee
NOTICE OF MEETING
Tuesday, November 8, 2016 ~ 10:00 am
112 Algonquin Road
AGENDA
1. Call to Order & Roll Call
2. Public Comments
3. [Vote] Minutes December 7, 2015
4. Insurance Expenditures YTD 2016 - Lundstrom Insurance
5. [Vote] Health And Dental Renewals 2017 - Lundstrom Insurance
6. [Vote] Life/AD&D and Disability Policy
7. Uninsured and Under-insured Coverage Notice 2017
8. Inland Marine Coverage and Practices
9. [Vote] Property/Causality/Liability Coverage/Renewals 2017 - Lundstrom Insurance
10. Adjournment
Chairman: Michael Harrington
NOTICE AS POSTED
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Village of Barrington Hills
Minutes of Insurance Committee
December 7, 2015
Call to Order 10:05a.m.
Members Present Michael Harrington, Chairman; Fritz Gohl
Other Attendees:
Mike Benett, Lundstrom Insurance
Craig Flynn, Lundstrom Insurance
Richard Semelsberger, Chief of Police
Robert Kosin, Director of Administration
PUBLIC COMMENTS
No persons present or comments received upon notice of meeting.
MINUTES Minutes from November 16, 2015 Insurance Committee meeting were deferred for another
day and time. Action accepted by those present.
INSURANCE EXPENDITURES YTD 2015 -LUNDSTROM INSURANCE
No action required by Committee.
HEALTH AND DENTAL RENEWALS 2016 -LUNDSTROM INSURANCE
Final quotes for Health insurance and related coverages were discussed at the November board of
trustee meeting and are also reflected in the 2016 budget.
PROPERTY/CAUSALITY/LIABILITY COVERAGE/RENEWALS 2016 -LUNDSTROM INSURANCE
The Insurance Committee met and considered options for the village’s property and liability insurance
coverage for 2016. The Committee considered detailed quotes from Scottsdale Insurance Company and
Travelers Insurance Company.
Although Scottsdale has provided insurance coverage for the village for a number of years, the
Committee decided to utilize Travelers for 2016. The decision in favor of Travelers was primarily based
upon the following considerations:
1. Premium – The price quote from Travelers was $168,522, which was $18,068 less than the
$186,590 price quote from Scottsdale.
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2. Deductibles – Travelers’ deductibles were lower for general and auto liability (zero at Travelers
vs. $1,000 at Scottsdale), auto collision ($1,000 vs. $2,000) property deductible ($2,500 vs. $5,000), and
for law enforcement liability ($10,000 vs. $15,000).
3. Zoning and Land Use Planning coverage – Scottsdale excluded this coverage for 2016, likely due
to the two claims the village filed during 2015, while Travelers included this coverage for 2016.
Wendi Frisen has updated the Budget to reflect the property and casualty quote from Travelers for
2016.
VILLAGE OFFICER BONDS
The practice will continue to obtain Bonds for all specified officers in the Village Code and the amount
for the Treasurer will be set by Resolution of the Board of Trustees.
There being no further business, a motion to adjourn so made at the end of business.
Robert Kosin Acting Recording Secretary
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