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MEETING I/ I 1122 <br />REQUEST FOR COUNCIL ACTION DATE', im <br />A review was recently done to determine if such requirements should be revisedQ <br />0 <br />Contacts with insurance companies revealed significantly <br />higher Premium costs to the small contractors. These <br />estimated increases ranged from $50,00 to $300.00 de- <br />pending on the contractor and hi's Insurance Company. <br />2) This survey of communitites indicated that Rosevill,.z., <br />is the only city with requir-ements higher than <br />$100 5 000/ 3 00 7, 000 -a <br />3) Insurance Companies contacted indicated that the lower <br />$100,000/300,000 limits appear to be adequate at this <br />time. <br />It therefore appears that the current Roseville requirement is noticably higher <br />than the other corn-nunities.. This causes confusion in obtaining -the insurance <br />znd added cost to the contractors.' Thi-s could restrict the number and possibly <br />increase the amount the contractors charge the residents, <br />"NECOMMENDED COUNCIL ACTION: Authorization for the City Attorne� <br />