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File #: R-2020-228    Version: 1 Name: 2020 Renewal of Various Insurance Products
Type: Resolution Status: Passed
File created: 8/18/2020 In control: Office of Human Resources
On agenda: 9/16/2020 Final action: 9/16/2020
Title: A Resolution Of The City Commission Of The City Of Hollywood, Florida, Authorizing The Appropriate City Officials To Bind The Policies For Excess Workers' Compensation Insurance, General Liability, Auto Liability, Statutory Accidental Death And Dismemberment Insurance, Crime Insurance, Cyber Liability, Environment/Pollution Insurance, Active Shooter, Vessel Pollution, Drone Insurance, Medical Professional Liability, Tank Pollution Liability, Water Craft Marine Hull, And Marina Operators Legal Liability Insurance For A Not To Exceed Amount Of $1,091,583.46 For Which Quotes Were Solicited By Aon Risk Services, Inc. Of Florida.
Attachments: 1. Resolution 2020 Renewal of Various Insurance Products-2.pdf, 2. Back Up 2020 Renewal of Various Insurance Products, City of Hollywood Proposal (incl carrier quotes).pdf, 3. Premium Comparison Summary 2020.pdf, 4. terins.pdf, 5. terins.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 Workers’ Compensation Insurance, General Liability, Auto Liability, Statutory Accidental Death And Dismemberment Insurance, Crime Insurance, Cyber Liability,  Environment/Pollution Insurance, Active Shooter, Vessel Pollution, Drone Insurance, Medical Professional Liability, Tank Pollution Liability, Water Craft Marine Hull, And Marina Operators Legal Liability Insurance For A Not To Exceed Amount Of $1,091,583.46 For Which Quotes Were Solicited By Aon Risk Services, Inc. Of Florida.

 

 

Strategic Plan Focus

Financial Management & Administration

 

 

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 38.41(C) (10), purchases of insurance through the City’s “Agent of Record” are exempt from the competitive bid and competitive proposal requirements.  Utilizing RFP 4606-19-AP and Resolution R-2019-116, the City designated Aon Risk Services, Inc. of Florida as its broker of record.  Aon Risk Services, Inc. of Florida solicited and/or obtained quotes from different carriers for the various types of coverage on behalf of the City. 

 

The total renewal cost is for a not to exceed amount of $1,091,583.46.

 

Fiscal Impact:

The increase in the premium of 27% or approximately $200,000 over the prior year was anticipated and included in the Fiscal Year 2021 Budget in Account No. 558.112006.51900.591910.000000.000.000 subject to the approval and adoption by the City Commission.

 

 

Recommended for inclusion on the agenda by:

Tammie L. Hechler, Director, Human Resources

George R. Keller, Jr., Deputy City Manager