Blind River Town Council will see its insurance go up 16 per cent and 2.6 per cent based on two separate policies
The town tendered for insurance and risk management services in 2022. Brokerlink/Intact Public Entities was the successful proponent.
The Brokerlink policy for general insurance and risk management services will see an increase of 16 per cent or $304,306 plus applicable taxes while Cyber Risk Insurance will increase about 2.6 percent to $10,530.
The 2023 budget anticipated an increase in insurance premiums and is sufficient to cover the proposed renewals.
Council approved the policy increases deemed lower than what was anticipated.