Town Insurance Premiums Lowered by 8%

At a special meeting on the morning of Monday, June 3, the Town Board voted to renew Pawling’s liability insurance policy through the Town’s insurance broker, Emery & Webb, in the amount of $101,231.94. Officials called for the special meeting to be held, as delaying the vote until the regularly scheduled session on June 5 would have resulted in a lapse in coverage for the Town insurance.

The Town of Pawling’s liability insurance policy provides coverages in the areas of liability, property, crime, equipment, auto, public officials, law enforcement, umbrella coverages, boiler and machinery coverage, and crime coverage. Coverage will be provided by Selective Insurance. “Ultimately, I’m a big fan of saving money; that’s our job here,” said Supervisor James Schmitt. The new insurance premium represents an 8% decline from the previous year’s policy. “That’s back-to-back years that have shown a reduction in our insurance costs,” he added.

Lori Johnson of Emery & Webb outlined the bidding process for the Town’s insurance carrier: “We received three quotes, but we went to six other insurance companies who declined to quote, due to different issues.” Insurance carriers that declined to quote cited the vacant buildings in Pawling and that the Whaley Lake Dam reconstruction project has not yet been 100% completed.

“Vacant buildings are a major issue for us, regarding insurance,” explained Supervisor Schmitt. “We have a lot of them, and we own a lot of property, and there are a lot of buildings that are unoccupied and insurance companies frown on that.”

In addition to the renewal of the Town’s liability insurance, officials all voted to approve the purchase of inland marine insurance in the amount of $1,765.55. This coverage will cover any damage to the new Aquapark inflatable play equipment, which is new to the Lakeside Park waterfront this season.

The Board applauded the efforts of Lori Johnson, who was instrumental in securing the insurance renewal. “I want to commend Lori on the service that she gives us,” said Councilman Phil DeRosa. “If anybody in any department calls, she answers them, and she reviews all of our insurance certificates. There are a lot of things she does that the public doesn’t know.”

Supervisor Schmitt also expressed his gratitude for Johnson’s efforts to help the Town of Pawling: “Her services are above and beyond. She’s at every Town Board meeting to answer any questions, and she’s involved in the community.”