Title
A Resolution Of The City Commission Of The City Of Hollywood, Florida, Authorizing The Appropriate City Officials To Bind The Policies For, Excess Liability/Workers' Compensation Insurance, Statutory Accidental Death And Dismemberment Insurance, Crime Insurance, Fiduciary Liability Insurance For The General Employees' Retirement Fund, Boiler And Machinery/Equipment Breakdown Insurance And Flood Insurance For A Not To Exceed Amount Of $672,872.00 For Which Quotes Were Solicited By Arthur J. Gallagher Risk Management Services.
Body
Staff Recommends: Approval of the attached Resolution
Explanation:
The City desires to protect its assets through the purchase of various insurance products. In accordance with the City's Purchasing Ordinance, Section 38.40(C)(9), purchases of insurance through the City's "Agent of Record" are exempt from the competitive bid and competitive proposal requirements. Utilizing RFP 4344-13-IS and Resolution R-2013-086, the City designated as its broker of record, Arthur J. Gallagher Risk Management Services. Arthur J. Gallagher Risk Management Services solicited and/or obtained quotes from seventeen (17) carriers for the various types of coverage on behalf of the City. The total renewal costs are an estimated increase of $5,283.00 from the costs of fiscal year 2014.
Recommended for inclusion on the agenda by:
Cathy Swanson-Rivenbark, City Manager
Raquel Elejabarrieta, Director Labor Relations