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Domagoj Juretic - Thu, Jun 17 2010 11:44 am

Hereunder is the quote that our insurance chair Gregg Humphries presented to us as the best to us as the best offer for our 2010 insurance policy:

Currently we have but one insurance company that has come back to us with a good quote. The broker did get a response from one other insurer but, their quote was over $6,000 more than Lloyds.

Decision Needed.

As per the broker's email for Feb. 2, we now have a quote to renew the policy, as it is written, for a premium of $34, 986. This is about $ 500 more than last year but, on a per/member basis, it is less than last year ( our numbers are up from 806 to 879 members.)

I think that we should give the brokers instructions to renew at this rate now. We can then add directors and officers coverage if we want to, after a proper analysis of that. We can also address this student issue amongst ourselves and prepare a proper presentation to them, to try to pick up the exposure that obviously exists, of students practicing on their own.

Over to you.

Gregg

Voting:

Do you approve of the 2010 HPAC Insurance Policy as described by our Insurance Chair?

  • Yes (4)
    • 2010-02-14 11:57:15 Bruce Busby - Alberta & NWT
    • 2010-02-14 12:11:46 Steven Younger - Ontario
    • 2010-02-14 15:57:08 Gilles Normandeau - Manitoba
    • 2010-02-15 12:19:53 Loren White - Saskatchewan
  • No (0)
  • Abstain (0)
  • Did Not Vote (3)
    • Amir Izadi - British Columbia & Yukon
    • Domagoj Juretic - Quebec
Resolution:

Yes, approved.

Reference: Board of Directors forum.

Apr 23 2011   Top Top