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1 . <br /> . . _ <br /> • • - <br /> ' I <br /> • • , ORANGE *COUNTY - 074 . <br /> . • 1 . <br /> . 1 • BOARD. OF COMMISSIONERS • - ACTION AGENDA <br /> . I ACTION AGENDA ITEM ABSTRACT <br /> ITEM H0.148 <br /> - MEETING.DATE Dece <br /> mber 2, 19149 <br /> • . , <br /> . - • 1 - . <br /> . I • <br /> . . • <br /> SUBJECT:. General Liability and Automobile Insurance Coverige . . <br /> . .- <br /> • <br /> . . . <br /> : . <br /> DEPARTMENT: Purchasing & Central Services <br /> I <br /> —PUBLIC HEARING YES x NO _....--- <br /> . . . . . . . <br /> • <br /> ATTACHMENT(S): . . • _INFORMATION CONTACT: Pam ..Tones, ext. 497 • <br /> . . <br /> NONE ' ..' ' PHONE NUMBERS: HILLSBOROUGH - 732-8181 <br /> - : HILLSBOROUGH - 732-9351 . <br /> • . • . . -. - CHAPEL HILL. - 967-9251 - <br /> . - . • <br /> MEBANE - 227-2031 - <br /> . . . ' DURHAM - 688-.7331 <br /> • . . . . . . <br /> .. % .. . . <br /> . . . -... - <br /> PURPOSE: To have the Board consider 'ratifying the County Manager's binding of General <br /> Liability and Automobile Insuriicecoverage. . - .. • • .... <br /> • - • : - . <br /> - • . <br /> . . . . . <br /> • • - - .- • <br /> •. ' - ' <br /> ' - <br /> . . <br /> . . _ . <br /> • • • - <br /> . . <br /> . . . . . . <br /> - - <br /> - - - <br /> -: .. . <br /> . - <br /> ' . . <br /> . . - <br /> - . • • <br /> - • . <br /> ' - • <br /> - • <br /> - . . <br /> . . • . . <br /> . - <br /> • NEED: As predicted; the premiums for these coverages have increased substantially'. <br /> • <br /> ' Current estimates indicate an estimated $100,000 for General Liability and <br /> . • <br /> . . <br /> $70,000 for Automobile Liability. - <br /> . • . - . <br /> . - The Purchasing and Central Services Director has been actively seeking a . <br /> - • markei:for this coverage. Proposals-were submitted to approximately 30- - .--: <br /> . . <br /> • markets and were turned down by all but Charter, Inc. Charter; Inc.. is . . <br /> new in writing insurance in North Carolina. The County is fortunate in •. - <br /> being able to obtain this coverage at all (This is not due to the County <br /> ... <br /> • • <br /> as a risk.J. The industry is not interested in the governmental markdt as <br /> . . . - . a whole.) . . <br /> • . . : . <br /> An• actual quote has not been received from this Company as .of this writing. <br /> - However, if this Company does provide a quote, the insurance will have to <br /> • <br /> be placed on 11-27-85. Current policies expire 11-28-85. <br /> IMPACT: 1 <br /> it is anticipated the County will be expending $170,000 for the coverage. • <br /> A budget amendment of $65,000 will be required if the quotes come in <br /> as expected. The amendment will be brought o the Board at the next . <br /> meeting. <br /> . . . <br /> • <br /> . . <br /> • . <br /> RECOMMENDATION(S): Ratify the County Manager's binding of General Liability and - <br /> . •I Automobile Liability Insurance coverage. <br /> • <br />