Item Coversheet

CITY OF RIVIERA BEACH CITY COUNCIL
AGENDA ITEM SUMMARY

Meeting Date: 9/27/2016 
Agenda Category:
Subject: RESOLUTION AUTHORIZING ARTHUR J. GALLAGHER & CO. TO PROVIDE COMPREHENSIVE PROTECTED SELF-INSURANCE PACKAGE FOR THE 2016-2017 FISCAL YEAR
Recommendation/Motion: THAT THE CITY COUNCIL AUTHORIZES THE DIRECTOR OF FINANCE & ADMINISTRATIVE SERVICES TO MAKE PAYMENTS TO ARTHUR J. GALLAGHER & CO. -- MIAMI FOR COMPREHENSIVE PROPERTY, CASUALTY, WORKERS COMPENSATION, PUBLIC OFFICIALS LIABILITY AND EMPLOYMENT PRACTICES LIABILITY COVERAGE FOR A NOT TO EXCEED AMOUNT OF $1,745,263.
Originating Dept HUMAN RESOURCES RISK MANAGEMENT   Costs 1,745,263 
User Dept.HUMAN RESOURCES RISK MANAGEMENT Funding Source
AdvertisedNo Budget Account Number602-0539-513-04501
Date   
Paper   
Affected PartiesNot Required   
Background/Summary: 

IN 2009 THE CITY  MODIFIED  IT'S SELF-INSURANCE POLICY FOR PROPERTY/ LIABILITY COVERAGE.    THIS MEANS THAT THE CITY HAS A LOSS FUND ( CITY FUNDS) TO COVER THE INITIAL COSTS OF WORKERS' COMPENSATION, PROPERTY, AND LIABILITY ISSUES.  ONCE THE SELF INSURED RETENTION (DEDUCTIBLE) IS REACHED, THE INSURANCE CARRIERS PROVIDE THE COVERAGE.  OUR BROKER ARTHUR J. GALLAGHER  ALONG WITH CITY STAFF HAS MADE  MEASURABLE COMMITMENT TO  PROVIDING THE CITY WITH THE BEST INSURANCE OPTION  TO COVER CITY  ASSETS AND PROGRAMS.    AS A RESULT THE ARTHUR J. GALLAGHER TEAM WAS ABLE TO NEGOTIATE TO REDUCE THE CITY'S OVERALL PROGRAM COST.    IN ADDITION, WE WERE ABLE TO MOVE THE CITY'S  POLICIES FROM A  12 MONTHS TO A 14.5 MONTHS COVERAGE WHICH WILL TAKE THE PROGRAM OUTSIDE OF THE HURRICANE SEASON (JUNE 1ST TO NOVEMBER 30th).  THIS YEAR THE  TOTAL MAXIMUM COST FOR ALL COVERAGE NOT TO EXCEED $1,745,263 AND A LOSS FUND ALLOCATIONS OF $1,400,000.

 
Fiscal Years
Capital Expenditures
Operating Costs
External Revenues
Program Income (city)
In-kind Match (city) 
Net Fiscal Impact
NO. Additional FTE Positions
(cumulative)

III. Review Comments

A. Finance Department Comments:
 
B. Purchasing/Intergovernmental Relations/Grants Comments:
 
C. Department Director Review:
Contract Start Date 
Contract End Date
Renewal Start Date
Renewal End Date
Number of 12 month terms this renewal
Dollar Amount
Contractor Company Name
Contractor Contact
Contractor Address
Contractor Phone Number
Contractor Email
Type of Contract
Describe
ATTACHMENTS:
File NameDescriptionUpload DateType
Resolution_-_FY2016-2017__Liability_Insurance_(1).docxRESOLUTION- LIABILITY INSURANCE 9/13/2016Cover Memo
2016_Executive_Summary_Liability_Insurance.pdfLIABILITY INSURANCE EXECUTIVE SUMMARY 20169/13/2016Cover Memo
REVIEWERS:
DepartmentReviewerActionDate
City Manager Monroe, LuecindaApproved9/22/2016 - 4:01 PM
City ManagerAnswererApproved9/22/2016 - 5:14 PM