The City of Mount Carmel is facing an annual insurance bill of more than 287-thousand dollars, covering city departments, vehicles, buildings and other municipal operations.
During the most recent Mount Carmel City Council meeting, City Clerk Ryan Turner discussed Ordinance 2162, which authorizes the execution of the city's RMA Min-Max Premium Agreement.
Turner said the total insurance premium for the year is approximately 287-thousand, 500 dollars.
He explained that the cost covers insurance for all city departments, including municipal vehicles, buildings and other insured property and operations.
While acknowledging the significant expense, Turner described the premium as consistent with current insurance rates.
He also praised the city's insurance provider, saying the company has been easy to work with and has provided good service to the city.
Turner urged council members to approve Ordinance 2162 so the city could pay the premium promptly and qualify for a one-percent early payment discount.
Based on the reported premium, that discount would save the city approximately 2,875 dollars.