HomeMy WebLinkAboutR-2015-107- Authorized the Renewal of the Comprehensive Property/Liability Insurance Coverage Package & Workers' Compensation Insurance with Public Risk Insurance Agency (PRIA) RESOLUTION NO. 2015-107
A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF DANIA
BEACH, FLORIDA, AUTHORIZING THE RENEWAL OF THE
COMPREHENSIVE PROPERTY/LIABILITY INSURANCE COVERAGE
PACKAGE AND WORKERS' COMPENSATION INSURANCE FOR THE
CITY OF DANIA BEACH, FLORIDA, THROUGH BROWN & BROWN
D/B/A PUBLIC RISK INSURANCE AGENCY ("PRIA"), WITHOUT
COMPETITIVE BIDDING AND WITHOUT ADVERTISEMENT FOR BIDS,
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 AND IN ADDITION THROUGH BROWN &
BROWN, COVERAGE FOR POLLUTION LIABILITY WITH ILLINOIS
UNION INSURANCE COMPANY, DOCK PROPERTY COVERAGE WITH
GREAT LAKES REINSURANCE AND NFIP FLOOD PROGRAM POLICIES
WITH WRIGHT NATIONAL FLOOD INSURANCE COMPANIES FOR A
COMBINED ANNUAL PREMIUM AMOUNT NOT TO EXCEED $906,415.00
FOR COVERAGE BEGINNING OCTOBER 1, 2015 THROUGH SEPTEMBER
30, 2016; PROVIDING FOR CONFLICTS; FURTHER, PROVIDING FOR AN
EFFECTIVE DATE.
WHEREAS, the City of Dania Beach (the "City") currently obtains its Comprehensive
Insurance Package and Workers' Compensation Insurance coverage through Public Risk
Insurance Agency ("PRIA"); and
WHEREAS, PRIA has worked with the City Administration in cost containment during
the current year while extending coverage for major undertakings such as reviewing FEMA
flood mapping changes that occurred in Broward County in 2014 and the flood exposure for the
City; and
WHEREAS, PRIA is offering to renew the City's existing comprehensive insurance
package, Workers' Compensation beginning October 1, 2015 through September 30, 2016, at a
cost of $782,019.00 with a second year option to renew at a rate to be adjusted annually for
changes in exposure as agreed upon between City Management and PRIA from October 1, 2016
through September 30, 2017; and
WHEREAS, PRIA insurance consultants are important resources to the City's Safety
Program, and their efforts were factors in the National Council on Compensation Insurance
(NCCI) experience modification rating which remains below 1.0 at a rate of .88, which
minimizes the City's Workers' Compensation insurance premium; and
WHEREAS, PRIA's ability to extend a renewal offer with a premium reduction for a
fifth consecutive year and the continuation of its prompt and professional assistance to City
Administration warrants renewal of its services; of paramount importance to the City
Administration is the responsiveness of insurance consultants rendering guidance for
risk/liability concerns on major contractual agreements, special events, construction projects,
advice on appropriate vendor insurance requirements appearing in bids, and review of City
vendor's insurance compliance and bid specifications; and
WHEREAS, Brown & Brown was able to offer renewal of current Pollution Liability
coverage with Illinois Union Insurance Company at a reduced rate for fiscal year 2015-16; and
WHERAS, Brown & Brown was able to offer renewal of current Dock Property
Coverage with Great Lakes Reinsurance Company at a reduced rate for fiscal year 2015-16; and
WHEREAS, Brown & Brown was able to offer renewal of flood coverage as required
under National Flood Insurance Program (NFIP) governed by Federal Emergency Management
Agency (FEMA) as rezoned by Broward County with Wright National Flood Insurance
Company; and
WHEREAS, City Administration recommends that the City Commission approve the
insurance coverage extension offered by PRIA; and
WHEREAS, City Administration, therefore, recommends that the City Commission
waive competitive bidding and advertisement for bids, and further authorize the renewal with
PRIA, Illinois Union, Great Lakes and Wright National Flood Insurance Companies and enter
into programs with them for the coming fiscal year beginning October 1, 2015;
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
renewal of the City's Comprehensive Insurance Package through Public Risk Insurance Agency,
such package to include coverage for Workers' Compensation, Property and Casualty, Crime,
Employee Dishonesty, General Liability, Automotive Liability and Physical Damage, Public
Officials' Liability, Employment Practices' Liability and renewal of Pollution Liability with
Illinois Union Insurance Company and renewal of Dock Property Coverage with Great Lakes
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Reinsurance Company and renewal of NFIP Flood coverage with Wright National Flood
Insurance for the period October 1, 2015 through September 30, 2016 in a total combined
amount not to exceed $906,415.00 and further approves renewal of the City's Comprehensive
Insurance Package for October 1, 2016 through September 30, 2017, to be adjusted annually for
changes in exposure as agreed upon between City Management and PRIA.
Section 2. That the cost of Comprehensive Insurance Package and Workers'
Compensation coverage, which anticipates an annual adjustment needed for coverage due to
changes to City real property inventory, is planned, appropriated and will be made available
through appropriate allocations to various City Funds in the FY 2015-2016 and 2016-2017
budgets.
Section 3. That all resolutions or parts of resolutions in conflict with this Resolution
are repealed to the extent of such conflict.
Section 4. That this Resolution shall be in force and take effect immediately upon its
passage and adoption.
PASSED AND ADOPTED on September 21, 2015
ATTEST: AavIs F�Rsr��y
�-LOUISE STILSON, M ' (` O SALVINO, SR.
CITY CLERK YOR
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RAZES 1
APPROVED AS TO OR+l) CORRECTNESS:
THOMA J. BR
CITY ATTORNEY
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