HomeMy WebLinkAboutR-2003-246 Risk Management Assoc. Workers' Comp Insurance RESOLUTION NO. 2003-246
A RESOLUTION OF THE CITY OF DANIA BEACH, FLORIDA,
'APPROVING THE PAYMENT TO PREFERRED GOVERNMENT
INSURANCE TRUST (COVERAGE OBTAINED THROUGH THE CITY'S
INSURANCE AGENT, RISK MANAGEMENT ASSOCIATES, INC.) IN
THE AMOUNT OF $419,034.00 FOR THE PURCHASE OF WORKERS'
COMPENSATION INSURANCE FOR THE PERIOD OCTOBER 1, 2003
THROUGH SEPTEMBER 30, 2004; PROVIDING FOR CONFLICTS;
FURTHER, PROVIDING FOR AN EFFECTIVE DATE.
BE IT RESOLVED BY THE CITY COMMISSION OF THE CITY OF DANIA
BEACH, FLORIDA:
Section 1. That the Dania Beach City Commission approves the payment to
Preferred Government Insurance Trust (coverage obtained through the City's insurance
agent, Risk Management Associates, Inc.) in the amount of $419,034.00, for the
purchase of Workers' Compensation Insurance for the City of Dania Beach, for the
period from October 1, 2003 to September 30, 2004.
Section 2. That all resolutions or parts of resolutions in conflict with this
resolution are repealed to the extent of such conflict.
Section 3. That this resolution shall be in force and take effect retroactive to
October 1, 2003.
PASSED AND ADOPTED on October 28t", 2003.
BOB NTON
MAYOR-COMMISSIONER
ATTEST: ROLL CALL:
COMMISSIONER CHUNN- YES
COMMISSIONER FLURY - YES
COMMISSIONER MIKES - YES
CHARLENE JO NSON VICE-MAYOR MCELYEA- YES
CITY CLERK U MAYOR ANTON - YES
APPROVED AS TO ORM AND CORRECTNESS:
BY:
T OM�jS SBRO
CITY-p(TTORNEY
1 RESOLUTION NO. 2003-246
i
Y S Y
It M A
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Risk Management Associates
CITY OF DANIA BEACH ,
PREMIUM RECAPITULATION
Annual Premium
$ 78,364
N �
Property
Crime/Employee Dishonesty $ 994 �
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7+'
$309,342 }
General Liability
Automobile Liability and Physical Damage $142,937 f
Public Officials /Employment Practices Liability $ 36,502
W ers' Compensation
Option 1 —First Dollar All Classes $419,034YY
—Option-2---First-Dotlar except$59;00 eductible $392,440
Presumption Claimst
Statutory Accidental Death and Dismemberment $ 1,245**
Total Premium:
With WC Option 1 $987,173
With WC Option 2 �`
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Notes of Importance:
♦ PGIT is not protected by the Florida Guarantee Association in the event it becomes unable
to meet its claims payment obligations. '
♦ Quote subject to review and acceptance by PGIT Board of Trustees.
♦ Premiums are subject to change if ALL lines of coverage quoted are not bound. *;
♦ Florida surcharges have not been included above.
♦ Total Premium due within 30 days of inception `s
**Annual premium shown—see Proposal Page for options other than annual
X f
The brief description of insurance coverage contained in this proposal is being provided as an accommodation only and k ti
is not intended to cover or describe all policy terms. For more complete and detailed information relating to the scope , .
and limits of coverage,please refer directly to the policy documents. Specimen forms are available upon request. `{ t
September 3,2003 Page 30 of 34 � �``
AGENDA REQUEST FORM 077
CITY OF DANIA BEACH
Fes'
AGENDA ITEM NO.
1. DATE OF COMMISSION MEETING: OCTOBER 28, 2003
2. DESCRIPTION OF AGENDA ITEM: RENEWAL OF PROPERTY AND WORKERS
COMP INSURANCE CONTRACTS
3. COMMISSION ACTION BEING REQUESTED:
Adopt Resolution or Ordinance ❑ Expenditure x❑ Award Bid/RFP
Presentation ❑ General approval of item X❑ Continued from meeting ❑
Other(please explain) ❑
4. SUMMARY EXPLANATION & BACKGROUND: CROSSING GUARD PROGRAM WAS
SUCCESSFULLY OUTSOURCED IN SCHOOL YEAR 2002-2003, RENEWAL OPTION HAS
BEEN ELECTED.
6. FOR PURCHASING REQUESTS ONLY:
• 7. Amount:
Fund: GENERAL: X❑ WATER: M SEWER: STORMWATER:.[N
Account name: Account#: '
Finance Director Approval: � Date:
7. REVIEWED AND APPROVED FOR ADDITION ON AGENDA:
In �
Submitt y Date
Administrative Serv' s/Risk Management Date
I Z Y Q�
De �B"recta r� Date
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7
X Cit)(-Wn r Date