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File #: R-2015-282    Version: 1 Name: Property & Excess Liability FY16
Type: Resolution Status: Passed
File created: 8/21/2015 In control: Office of Labor Relations
On agenda: 9/16/2015 Final action: 9/16/2015
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, And Flood Insurance For A Not To Exceed Amount Of $753,260.00 For Which Quotes Were Solicited By Arthur J. Gallagher Risk Management Services.
Attachments: 1. R-2015 Resolution Property and Excess Liability FY16.docm.pdf, 2. R-2015 Backup Casualty Workers' Compensation Renewal 10-01-15.pdf, 3. terins.pdf, 4. BIS 15-269.pdf

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, And Flood Insurance For A Not To Exceed Amount Of $753,260.00 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 different carriers for the various types of coverage on behalf of the City.  The total renewal costs are an estimated increase of $87,000.00 from the costs of fiscal year 2015. 

 

 

Recommended for inclusion on the agenda by:

Wazir Ishmael, Ph.D., City Manager

Raquel Elejabarrieta, Director, Labor Relations