Title
[Contracts] Authorizing City's Insurance Broker to Renew the City's Contracts for Insurance for Fiscal Year 2026/27 [Two-Thirds Vote Required]
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FileID
File ID: 2026-01183
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Location
Location: Citywide
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Recommendation
Recommendation: Pass a Motion by two-thirds vote: 1) waiving the requirement for 10-day posting of all agreements greater than $1,000,000; and 2) authorizing the City Manager or designee to authorize Alliant Insurance Services, Inc., the City's insurance broker, to secure annual insurance policies for Excess Liability, Excess Workers' Compensation, Property, Fine Arts, Aircraft, and other insurance including Crime, Pollution, Underground Storage Tank, Special Events, and Airport Liability, for an amount not-to-exceed $26,009,461.24.
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Contact
Contact: Natalie Dempsey, Risk Manager, (916) 808-8587, ndempsey@cityofsacramento.org, Department of Human Resources
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Presenter
Presenter: None
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Attachments
Attachments:
1-Description/Analysis
2-Attachment A Fiscal Year 2026/27 Insurance Premiums
3-Attachment B Schedule of Insurance
4-Attachment C 2025 Risk Management Workshop
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Description/Analysis
IssueDetail
Issue Detail: The City is exposed to a broad range of complex risks that have the potential to result in significant or catastrophic losses. The City utilizes professional insurance brokerage services to place a variety of commercial insurance policies to protect the City from these losses. The City currently contracts with Alliant Insurance Services Inc. (Alliant) to perform this function. By maintaining appropriate insurance coverage, the City safeguards its financial stability against severe liability, automobile, and Workers' Compensation losses.
Additionally, purchasing insurance protects the City from loss due to damage or destruction of City assets, pollution, crime, fine arts, cyber liability, special events, and airport/aircraft exposures. The City's insurance broker marketed all line...
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