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, Pollution/Environmental Insurance, Active Shooter, Vessel Pollution, Drone Insurance, Medical Professional Liability, Tank Pollution Liability, Water Craft Marine Hull, Marina Operators Legal Liability Insurance, And Flood Insurance For An Amount Not To Exceed Of Approximately $1,500,759.08, 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 Code, 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.
The total renewal cost is for a not to exceed amount of approximately $1,500,759.08.
Fiscal Impact:
Funding for these agreements will be available in the FY 2022 Operating Budget in account numbers: 558.112006.51900.591940.000000.000.000, 558.112006.51900.591930.000000.000.000, and 558.112006.51900.591910.000000.000.000 subject to approval and adoption by the City Commission.
The new premium costs for the various policies are projected to increase by approximately 32% over the previous year.
Recommended for inclusion on the agenda by:
Tammie L. Hechler, Director, Human Resources
George R. Keller, Jr., Deputy City Manager