City of Quinte West Audit & Risk Advisory Committee Meeting Agenda December 2025
Quinte West Recommends 2026 Insurance Renewal with BFL Canada
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Description
The City of Quinte West is recommended to renew its annual insurance coverage with BFL Canada Risk and Insurance Services Inc. for 2026, with premiums totaling $1.82 million. If the property deductible is increased to $250,000, the premium could decrease to $1.69 million, representing a savings for the City.
Contract Details
Contract Amount
$1.82M for 2026 (decreased to $1.69M if deductible increased to $250,000)
Vendor
BFL CANADA RISK AND INSURANCE SERVICES INC
Agency
City of Quinte West, Canada
Contract Type
INSURANCE
Document Date
December 15, 2025
Contract Term
January 1, 2026 – December 31, 2026
Renewal Date
2026-12-31
Renewal Info
Annual renewal, premium to be reduced if recommended deductible higher. Council action pending; BFL Canada is City’s broker for all major insurance lines.
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