The City of Allen's current Liability Insurance for the Allen Event Center is ready for renewal.  The City must use an alternate insurance provider outside of the City's general provider because the Texas Municipal League Risk Pool does not provide coverage of this type.

The City has carried General Liability Insurance, Liquor Liability Coverage, and an Umbrella Policy through Dean Insurance Group for the last several years.  These policies provide the Event Center with $1,000,000 in general liability coverage and $1,000,000 in liquor liability coverage.  The Umbrella Policy specifically insures Pro Sports Venues and Sports Teams and covers the liability for spectator injuries at the sporting events held at the Allen Event Center.

The total annual premium for the August 2017 renewal of general liability, liquor liability coverage, and an umbrella policy is $87,747 for the Allen Event Center.  This represents a decrease of $1,037, or 1.17%, over last year's renewal and is attributable to rate changes in the industry.

Each year, Dean Insurance Group obtains renewal quotes to ensure we are receiving the lowest cost for coverage.

Insurance premiums for coverage are budgeted in the Risk Management Fund.

Staff recommends authorizing the City Manager to execute a contract with Dean Insurance Group in the amount of $87,747 for a General Liability Policy, Liquor Liability Coverage, and an Umbrella Policy for the Allen Event Center.

I make a motion to authorize the City Manager to execute a contract with Dean Insurance Group in the amount of $87,747 for a General Liability Policy, Liquor Liability Coverage, and an Umbrella Policy for the Allen Event Center.