City of Quinte West Audit & Risk Advisory Committee Meeting Agenda December 2025
City Insurance Renewal Proposal with BFL Canada for 2026
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Description
The City of Quinte West, through its broker BFL Canada Risk and Insurance Services Inc., is set to renew its comprehensive municipal insurance coverage for 2026 at an estimated premium of $1.82 million, pending Council approval. Consideration of a higher deductible could reduce costs to $1.69 million.
Contract Details
Contract Amount
$1,820,000 (estimated 2026 premium)
Vendor
BFL CANADA RISK AND INSURANCE SERVICES INC
Agency
City of Quinte West, Canada
Contract Type
INSURANCE
Document Date
December 15, 2025
Contract Term
2026 (policy year)
Renewal Date
2026-12-31
Renewal Info
Annual renewal; possibility to increase deductibles for further premium reductions. Multiple historical amendments based on deductible changes. Renewal dependent upon Council approval of deductible changes.
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