Res No 191-12-13748RESOLUTION NO. 191-12-13748
A Resolution authorizing the City Manager to purchase a policy of insurance with
the Florida League of Cities, through the Florida Municipal Insurance Trust
(FMIT) for Workers' Compensation Insurance; further authorizing the City
Manager to purchase a policy with Preferred Governmental Insurance Trust
(PGIT) for Property, General Liability, and Automobile Liability.
WHEREAS, the City insurance broker, Brown & Brown, has made solicitations for
insurance quotes for Workers' Compensation Coverage and for Property, General Liability, and
Automobile Insurance.
WHEREAS Brown & Brown attempted to present other options for the City's
insurance requirements, including quotations with insurance carriers holding an "A -" or better
rating from A.M. Best Company, but they were unable to obtain any such quotes other than
from FMIT and PGIT.
WHEREAS, the City Administration, in conjunction with the proposal from FMIT
recommends that the City continue coverage with the Florida League of Cities through FMIT
for Workers' Compensation Coverage for the 2012 -2013 Fiscal Year based upon the current
proposal; and
WHEREAS, the City Administration, in conjunction with the report from Brown &
Brown, recommends that the City continue coverage with the Preferred Governmental
Insurance Trust for Property, General Liability, and Automobile Insurance for the 2012 -2013
Fiscal Year based upon the current proposal;
NOW THEREFORE BE IT RESOLVED BY THE MAYOR AND CITY
COMMISSION OF THE CITY OF SOUTH MIAMI, FLORIDA THAT:
Section 1. The City Commission hereby authorizes the City Manager to purchase the
renewal insurance policy for Workers' Compensation with FMIT for the 2012 -2013
Fiscal Year,
Section 2. The City Commission hereby authorizes the City Manager to purchase the
renewal insurance policy for Property, General Liability, and Automobile Insurance
with PGIT for the 2012 -2013 Fiscal Year,
Section 3. This resolution shall take effect immediately upon adoption.
PASSED AND ADOPTED this 18 thday ofSept. , 2012.
ATTEST: Approved:
Pg. 2 of Res. No.
CITY CLERK
191-12-13748
READ AND APPROVED AS TO FORM
LANGUAGE, EXECUTION AND
LEGALITY:
COMMISSION VOTE:
Mayor Stoddard:
Vice Mayor Liebman:
Commissioner Newman:
Commissioner Harris:
Commissioner Welsh:
5 -0
Yea
Yea
Yea
Yea
Yea
To:
Via:
From:
Date:
Subject:
South Miami
AlMmadcaCB➢
CITY OF SOUTH MIAMI
OFFICE OF THE CITY MANAGER
200
INTER- OFFICE MEMORANDUM
The Honorable Mayor & Members of the City o mission
Hector Mirabile, Ph.D., City Manager.';,
LaTasha Nickle, Human Resources Director
September 17, 2012
Agenda Item No.: Add—on
Workers' Compensation, Property, General Liability and Automobile Insurance
Request: A Resolution authorizing the City Manager to execute the renewed policy with the
Florida League of Cities, through the Florida Municipal Insurance Trust (FMIT)
for Workers' Compensation Insurance; further authorizing the City Manager to
execute the renewed policy with Preferred Governmental Insurance Trust (PGIT)
for Property, General Liability, and Automobile Liability.
Reason/Need: The City solicited and received proposals for the City's Workers' Compensation,
Property, General Liability and Automobile Insurance coverage for FY 2011 -2012 from
carriers currently writing municipal business in South Florida. The following table
summarizes the responses received and the City Manager's recommendation.
As set forth above, the City Manager recommends that the coverage continue to be
divided between the two carriers. FMIT offers the most competitive rates for Workers'
Compensation Insurance. The City continues to receive the company's preferred rating
because of
the continuing
coverage,
including a 5% credit for its Drug Free Work Place
policy and
a 2% credit for
its Safety
Policy,
The City Manager recommends that the City renew its policy with PGIT for its Property,
General Liability and Automobile Insurance coverage. The PGIT proposal contains the
most favorable rates for all coverage except Workers' Compensation.
Brown & Brown, Inc. presented the proposal on behalf of PGIT and attempted to present
other options for the City's insurance placement from other carriers with an "A -" or
better rating from A.M. Best Company. No other quotes were presented.
Backup Documentation:
❑ Proposed resolution.
❑ Proposal from FMIT
❑ Proposal from PGIT