Title
A Resolution Of The City Commission Of The City Of Hollywood, Florida, Approving And Authorizing The Appropriate City Officials To Execute The Renewal Of Property And Casualty Insurance With Aon Risk Services, Inc. For The 2026-2027 Policy Period Including, But Not Limited To, Excess Liability, Excess Workers’ Compensation, Pollution Liability, Marina Operators Liability, Blanket Accident Coverage, Storage Tank Pollution Liability, Deadly Weapon And Active Shooter, EMT Professional Liability, Vessel Pollution, Public Officials Liability, Drone Coverage, Surety Programs, Crime, And Cyber Liability, For An Amount Not To Exceed $2,703,674.14, In Accordance With Section 38.41(C)(10) Of The Procurement Code. (Insurance)
Strategic Plan Focus
Infrastructure & Facilities
Body
Staff Recommends: Approval of the attached Resolution
Explanation:
The City desires to protect its assets through the purchase of various casualty insurance products. In accordance with the City’s Procurement Code, Section 38.41(C)(10), purchases of insurance through the City’s “Agent of Record” are exempt from competitive bid and competitive proposal requirements. Utilizing RFP 060-23-WV and Resolution R-2023-225, the City designated AON Risk Services, Inc. as its agent of record.
The total estimated renewal cost is for a not to exceed amount of $2,703,674.14.
Fiscal Impact:
Funding for these agreements will be available in the FY 2027 Operating Budget in account numbers: 558.112006.51900.591910.00000.000.000, 558.112006.51900.591930.00000.000.000, and 558.112006.51900.591912.00000.000.000.
Recommended for inclusion on the agenda by:
Tammie L. Hechler, Director, Human Resources
Adam Reichbach, Deputy City Manager