HomeMy WebLinkAboutR-2016-117 Authorizes Renewal of Property/Liability Insurance Coverage & Workers' Compensation Insurance through Brown & Brown D/B/A Public Risk Insurance Agency (''PRIA'') for $951,758.00 Annual Premium RESOLUTION NO. 2016-117
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 OF NINE HUNDRED FIFTY
ONE THOUSAND SEVEN HUNDRED FIFTY EIGHT DOLLARS
($951,758.00) FOR COVERAGE BEGINNING OCTOBER 1, 2016 THROUGH
SEPTEMBER 30, 2017; 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, in Fiscal Year 2015-2016, PRIA worked with the City Administration to
contain cost by offering a two (2) year policy agreement through September 30, 2017 at a
guaranteed rate with premiums to only be adjusted for changes in exposure as agreed upon
between the City and PRIA; and
WHEREAS, PRIA has offered the second year renewal option for a combined premium
amount of Nine Hundred Fifty One Thousand Seven Hundred Fifty Eight Dollars ($951,758.00);
and
WHEREAS, it is anticipated minor changes may occur throughout the fiscal year due to
additions and deletions of equipment and as a result of the annual worker's compensation audit;
and
WHEREAS, Brown & Brown, d/b/a Public Risk Insurance Agency, continues to be
responsive and provide guidance for risk and liability concerns on major contractual agreements,
special events, construction projects, appropriate vendor insurance requirements, and bid
specifications; and
WHEREAS, Brown & Brown is able to offer renewal of current Pollution Liability
coverage with Illinois Union Insurance Company at the current rate for Fiscal Year 2016-2017;
and
WHEREAS, Brown & Brown is able to offer renewal of current Dock Property
Coverage with Great Lakes Reinsurance Company at the current rate for Fiscal Year 2016-2017;
and
WHEREAS, Brown & Brown is 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, the City Commission waives competitive bidding, as provided by the City
Commission's prior approval of the two (2) year policy, and further authorizes renewals with
PRIA, Illinois Union Insurance Company, Great Lakes Reinsurance Company and Wright
National Flood Insurance Company for Fiscal Year 2016-2017; and
WHEREAS, the City Commission further authorizes the City Manager to make
adjustments to the premiums as necessary due to required changes in coverage resulting from
additions or deletions of equipment, results of the annual Workers Compensation audit, or other
insurance requirements necessitated to protect the City and its assets;
NOW,THEREFORE, BE IT RESOLVED BY THE CITY COMMISSION OF THE
CITY OF DANIA BEACH, FLORIDA:
Section 1. That the City Commission 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 Reinsurance
Company and renewal of NFIP Flood coverage with Wright National Flood Insurance for the
period October 1, 2016 through September 30, 2017 in a total combined premium amount of
Nine Hundred Fifty One Thousand Seven Hundred Fifty Eight Dollars ($951,758.00) allowing
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for premium adjustments to be made by the City Manager as necessitated to properly protect the
City and its assets.
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 has been made available
through appropriate allocations to various City Funds in the proposed FY 2016/2017 budget.
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 13, 2016.
ATTEST: .s F► Tcs�-
LOUISE STILSON, CMC , SALVINO, SR
CITY CLERK YOR
APPROVED A O f
AND CORRECTNESS:
THO AS J. NS O
CITY A RNEY
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