Village sticks with Ohio Plan liability coverage
By LENNY C. LEPOLA
News Assistant Managing Editor
During last Wednesday’s (February 20) Sunbury Village Council meeting council members voted to continue with the Village’s Ohio Plan General Liability property and casualty insurance coverage, even though a Wells Fargo product offered by Rob Beglin would have been $5,000 cheaper.
During a Finance Committee meeting earlier in the evening, Beglin and the Village’s current property and casualty broker, Sharon Doughty of Reinhart, Walters & Danner, were in chambers making their respective pitches for village business. Beglin said Wells Fargo would cover the village for $34,900, Doughty said the Ohio Plan coverage would cost $39,000 and change.
Both companies offered $11 million in aggregate insurance coverage, but council members were concerned about the number of $1,000 up-front deductibles for Wells Fargo claims.
Asking whether or not council members wanted to switch providers, Sunbury Mayor Tommy Hatfield noted that Wells Fargo required a $1,000 deductible on almost every potential claim; adding that the up front $5,000 savings would be lost with a few small claims against the village.
“You can pay on the front end, or you can pay on the back end,” Hatfield said.
Council members Jennifer Witt and Len Weatherby both agreed with Hatfield.
Council member Tom Zalewski was in favor of saving the $5,000 up front, and made a motion to accept the Wells Fargo plan; nobody offered a second to Zalewski’s motion.
Witt motioned to stick with Reinhart, Walters & Danner and the Ohio Plan; Weatherby seconded the motion.
Council members approved the motion five votes to one, with Zalewski offering the dissenting vote.