Item Coversheet

CITY OF RIVIERA BEACH CITY COUNCIL
AGENDA ITEM SUMMARY

Meeting Date: 11/28/2017 
Agenda Category:REGULAR RESOLUTION
Subject: RESOLUTION AUTHORIZING ARTHUR J. GALLAGHER & CO. TO PROVIDE COMPREHENSIVE PROTECTED SELF-INSURANCE PACKAGE FOR THE 2017-2018 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 $1,645,676.
Originating Dept HUMAN RESOURCES RISK MANAGEMENT   Costs 1,645,676 
User Dept.HUMAN RESOURCES RISK MANAGEMENT Funding Source
AdvertisedNo Budget Account Number602-0539-513-0-4501
Date   
Paper   
Affected PartiesNot Required   
Background/Summary: 

FISCAL YEAR 2016-2017 CITY LIABILITY BROKER AND STAFF MOVED THE CITY'S  POLICIES FROM A 12 MONTH TO A 14.5 MONTH COVERAGE WHICH ALLOWED THE CITY TO MOVE THE INSURANCE PROGRAM OUTSIDE OF THE HURRICANE SEASON (JUNE 1ST TO NOVEMBER 30th). THAT ACTION ALLOWED OUR BROKER TO LEVERAGE TO SECURE REASONABLE QUOTES FOR FY 17-18 POLICY YEAR WHILE THE INSURANCE MARKET IS STILL STABLE.  

A REQUEST FOR PROPOSAL  WAS ISSUED TO  FIFTY (50) CARRIERS TO SECURE QUOTES  MAXIMUM COST FOR ALL COVERAGE NOT TO EXCEED $1,645,676 AND A LOSS FUND ALLOCATION OF $1,490,000.   ALTHOUGH THE QUOTES WERE SECURED, OUR BROKER ARTHUR J. GALLAGHER CONTINUES TO NEGOTIATE WITH THE CARRIERS TO REDUCE THE RENEWAL COST FOR FY 17-18.

 
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_NO-_Liability_Insurance__FY_2017-2018.docxRESOLUTION LIABILITY INSURANCE FY17-1811/20/2017Cover Memo
FY_2017-2018_EXECUTIVE_SUMMARY_-LIABILITY_RENEWAL.pdfEXECUTIVE SUMMARY -LIABILITY INSURANCE11/13/2017Cover Memo
REVIEWERS:
DepartmentReviewerActionDate
Human ResourcesYoung, EurekaApproved11/13/2017 - 5:10 PM
PurchasingAnswererApproved11/14/2017 - 6:35 AM
Financesherman, randyApproved11/14/2017 - 9:36 AM
AttorneyAnswererApproved11/17/2017 - 11:58 AM
City ClerkRobinson, ClaudeneApproved11/17/2017 - 12:10 PM
City ManagerAnswererApproved11/20/2017 - 1:32 PM