HomeMy WebLinkAboutR-2011-051 Public Risk Insurance Agency Renewal RESOLUTION NO. 2011-051
A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF DANIA
BEACH, FLORIDA, AUTHORIZING THE EXTENSION AND RENEWAL OF
THE CITY'S COMPREHENSIVE INSURANCE COVERAGE PACKAGE
AND WORKERS' COMPENSATION INSURANCE THROUGH BROWN &
BROWN DB/A PUBLIC RISK INSURANCE AGENCY, SUCH PACKAGE
TO INCLUDE COVERAGE FOR PROPERTY AND CASUALTY, CRIME,
EMPLOYEE DISHONESTY, GENERAL LIABILITY, AUTOMOTIVE
LIABILITY AND PHYSICAL DAMAGE, PUBLIC OFFICIALS' LIABILITY
AND EMPLOYMENT PRACTICES LIABILITY, AND WORKERS'
COMPENSATION IN A COMBINED TOTAL NOT TO EXCEED EIGHT
HUNDRED FORTY THOUSAND DOLLARS ($840,000.00) FOR COVERAGE
BEGINNING OCTOBER 1, 2011 THROUGH SEPTEMBER 30, 2012;
PROVIDING FOR CONFLICTS; FURTHER, PROVIDING FOR AN
EFFECTIVE DATE.
WHEREAS, the City of Dania Beach currently obtains its comprehensive insurance
package and Workers' compensation insurance coverage through Public Risk Insurance Agency;
and
WHEREAS, Public Risk Insurance Agency has worked with the City Administration in
adjusting and reducing insurance premium costs in the current year by approximately
$107,000.00 in consideration of the City's contracting of fire rescue services with the Broward
Sheriff's Office; and
WHEREAS, Public Risk Insurance Agency is offering to extend the City's existing
comprehensive insurance package and Workers' compensation coverage for an additional year
beginning October 1, 2011 to September 30, 2012 at a cost of approximately 19% below the
current year's initial costs of$1,008,386.00;
NOW,THEREFORE, BE IT RESOLVED BY THE CITY COMMISSION OF THE
CITY OF DANIA BEACH, FLORIDA:
Section 1. That the City Commission of the City of Dania Beach approves the
extension and renewal of the City's comprehensive insurance package through Public Risk
Insurance Agency, such package to include coverage for Property and Casualty, Crime,
Employee dishonesty, General Liability, Automotive Liability and Physical Damage, Public
Officials' Liability, Employment Practices Liability and Workers' Compensation for the period
from October 1, 2011 to September 30, 2012 in a total amount not to exceed $840,000.00,
Section 2. That this renewal is the third year of insurance coverage that began with
an initial two year rate guarantee approved by the City Commission under Resolution #2009-
139.
Section 3. That the costs of this insurance coverage will be planned, appropriated and
made available through appropriate allocation charges to City funds through the creation and use
of a planned, new General Insurance Internal Service Fund budget that will be created and placed
in use in the coming year's budget.
Section 4. That all resolutions or parts of resolutions in conflict with this Resolution
are repealed to the extent of such conflict.
Section 5. That this Resolution shall be in full force and take effect immediately
upon its passage and adoption.
PASSED AND ADOPTED on May 24, 2011.
pD,s F PATRICIA A. FLURY
ATTEST:
��rc��� MAYOR
LOUISE STILSON, CMC
CITY CLERK � ,`�o
APPROVED AS O FORM AND CORRECTNESS:
THOI AS SBRO
CITY ATTORNEY
2 RESOLUTION#2011-051