Council approved a one year tender from the Standard for 317 thousand dollars for the period running from July 1st, 2011 to July 1st, 2012.
That's an increase of about 10 thousand dollars from last year.
The city's chief administrative officer, Karen Brown says the increased premiums are largely due to the number of new buildings the city has, incuding the new fire hall and the Discovery Center on Lakeview Drive.