INSURANCEONGOING

City of Quinte West Audit & Risk Advisory Committee Meeting Agenda 2026-06-22

BFL Canada Continues as City Insurance Advisor and Broker

$414,798 (2026 total auto insurance premium)City of Quinte WestBFL CANADA RISK AND INSURANCE SERVICES INCJune 20, 2026

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Description

The City of Quinte West continues its auto insurance program with BFL Canada Risk and Insurance Services Inc. for the policy term January 1, 2026 to January 1, 2027, at a stated total premium of $414,798. BFL Canada provides risk analytics and actuarial advisory in optimizing the city's insurance program.

Contract Details

Contract Amount

$414,798 (2026 total auto insurance premium)

Vendor

BFL CANADA RISK AND INSURANCE SERVICES INC

Agency

City of Quinte West, Canada

Contract Type

INSURANCE

Document Date

June 20, 2026

Contract Term

January 1, 2026 – January 1, 2027

Renewal Date

2027-01-01

Renewal Info

City is considering increasing the deductible for auto coverage for the 2027 renewal, with negotiation of pricing and structure options to be undertaken by staff in conjunction with BFL Canada. The advisory arrangement began in 2023 and is ongoing for risk optimization.

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