_Add-on c)THE CITY OF PLEASANT LIVING
To:
FROM:
DATE:
SUBJECT:
BACKGROUND:
CITY OF SOUTH MIAMI
OFFICE OF THE CITY MANAGER
INTER-OFFICE MEMORANDUM
The Honorable Mayor & Members of the City Commission
Steven Alexander, City Manager
Agenda Item No.: C ) September 15, 2015
WORKER'S COMPENSATION, PROPERTY, GENERAL LIABILITY, AUTOMOBILE, PUBLIC
OFFICIALS AND EMPLOYMENT PRACTICES INSURANCE
The City timely solicited and received proposals for the City's Workers'
Compensation, Property, General liability, Automobile, Public Officials and
Employment Practices Insurance coverage for FY 2015-2016 from carriers
currently writing municipal businesses in South Florida.
The following table summarizes the responses received for Workers'
Compensation, Property, General Liability, Automobile coverage:
FMIT INSURANCE DESCRIPTION
Property Coverage
Inland Marine
Equipment Breakdown Coverage
Crime and Bond Coverage
General liability Coverage
Police Professional liability Coverage
Automobile Coverage
FMIT Property. Auto and General Liability Total
FMIT Insurance Description
Workers Compensation
FMIT Total Premium
FMIT
$142,150
Included
Included
Included
$59,575
$156,330
$93.098
$451.153
$199,579
$650,732
THE CITY OF PLEASANT UVING
CITY OF SOUTH MIAMI
OFFICE OF THE CITY MANAGER
INTER-OFFICE MEMORANDUM
PGIT INSURANCE DESCRIPTION
Property Coverage
Inland Marine
Equipment Breakdown Coverage
Crime and Bond Coverage
General Liability Coverage
Police Professional Liability Coverage
Automobile Coverage
PGIT Prop, Auto and General Liability Total
PGIT Insurance Description
Workers Compensation
PGIT Total Premium
PGIT
'$120,049
$836
Included
$750
$88,993
$66,022
$123,238
$399,888
Declined
to quote
$399,888
PUBLIC OFFICIALS & EMPLOYMENT PRACTICES LIABILITY COVERAGE
In addition to the package quotations summarized above, the City received an
independent quote for its Public Officials & Employment Practices Liability
coverage. Both FMIT and PGIT declined to quote this line of coverage,
ACE American .Insurance Description
Total Premium
Limit of Liability $1,000,000
Deductible Per Claim:
Public OfficialS/Public Entity Liability -$100,000
Employment Practices Liability -$150,000
Zoning Claims -$250,000
Workers' Compensation Coverage
$50,887
The City Manager recommends that the City renew its Workers' Compensation
policy with FMIT for a total premium of $199,579. 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
newly created Safety Policy. This year's renewal represents a decrease of
approximately 7% over last year's premium.
THE CITY OF PLEASANT LIVING
AMOUNT:
EXPENSE ACCOUNTS:
ATTACHMENTS:
CITY OF SOUTH MIAMI
OFFICE OF THE CITY MANAGER
INTER-OFFICE MEMORANDUM
The City Manager recommends that the City renew its policy with PGIT for its
Property, General Liability and Automobile Insurance coverage for a total
premium of $399,888. This represents an increase of approximately 3.8% over
last year's premium. This increase is largely attributable to the addition of
several new vehicles to the City's inventory. As set forth above, the PGIT
proposal contains the most favorable rates for these lines of coverage and
offers a two year rate guarantee.
The City Manager further recommends that the City renew its policy with ACE
American Insurance Company for the Public Officials and Employment Practices
Liability policy for a premium of $50,887.
The breakdown of the total premium costs for all lines of insurance is set forth
below:
Actual Proposed
FY 2015 FY2016
FMIT WORKERS' COMPENSATION $214,533 $199,579
PGIT GENERAL LIABILITY, PROPERTY & AUTOMOBILE $385,086 $399,888
ACE PUBLIC OFFICIALS AND EMPLOYMENT PRACTICES $49,136 $50,887
TOTAL PREMIUM $648,755 $650,354
Auto Expense (Various Accounts), currently budgeted amount $96,375
Workers Compensation (Various Accounts), currently budgeted $208,955
General Liability, Property, Public Officials -001-1330-513-4510, currently
budgeted $519, 723
Proposed Resolutions
Proposal Package from FMIT
Proposal Package from Brown & Brown
. 1 RESOLUTION NO. ____ _
2 A Resolution authorizing the City Manager to execute a policy of insurance
3 with ACE for Public Officials and Employment Practices Liability
4 Insurance.
5 WHEREAS, the City, through its Agent of Record, Brown & Brown, solicited insurance
6 quotes for Public Officials and Employment Practices Liability Insurance.
7 WHEREAS The City received a renewal quote from ACE for the continuation of the
8 existing coverage, but received no other proposals for the necessary coverage
9 WHEREAS, the City Administration recommends that the City renew its coverage
10 with ACE for Public Officials and Employment Practices Liability Insurance for the 2015-2016
11 Fiscal Year based upon the current proposal;
12 NOW THEREFORE BE IT RESOLVED BY THE MAYOR AND CITY
13 COMMISSION OF THE CITY OF SOUTH MIAMI, FLORIDA THAT:
14 Section I. The City Commission hereby authorizes the City Manager to execute the
15 insurance policy for Public Officials and Employment Practices Liability Insurance with
16 ACE for the 2015-2016 Fiscal Year.
17 Section 3. This resolution shall take effect immediately upon adoption.
18 PASSED AND ADOPTED this __ day of ____ " 2015.
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21 ATTEST: APPROVED:
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25 CITY CLERK MAYOR
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28 READ AND APPROVED AS TO FORM, COMMISSION VOTE:
29 LANGUAGE, LEGALITY AND
30 EXECUTION THEREOF: Mayor Stoddard:
31 Vice Mayor Harris:
32 Commissioner Welsh:
33 Commissioner Liebman:
34 CITY A TIORNEY Commissioner Edmond
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