Res No 183-16-14738RESOLUTION NO.
183-16-14738
AResolutionauthorizingtheCity Manager to purchase Public Officials Employment Practices
Liability Insurance with ACE.
WHEREAS,the City,throughitsAgentof Record,Brown &Brown,hasreceivedinsurance quotes
forPublicOfficials Employment Practices Liability Insurance.
WHEREAS,the City renewalquoteforthe Public Officials EmploymentPractices Liability
Insurance whichwill continue with ACE for the best coverage options to meet the City'sexisting needs;
WHEREAS,the CityAdministration recommends that theCity continue coveragewith ACE for
the PublicOfficials Employment Practices Liability Insurances 2016-2017 Fiscal Yearbasedupon the
current proposal;
NOW THEREFORE BEIT RESOLVED BY THE MAYOR AND CITY COMMISSION OF THE CITY OF
SOUTH MIAMI,FLORIDA THAT:
Section 1.TheCity Commission hereby authorizes the City Manager to execute the renewal
insurance policy with ACE for the PublicOfficials Employment Practices Liability Insurances 2016-2017
Fiscal Year.
Section 2.This resolution shall take effect immediately upon adoption.
PASSED AND ADOPTED this?_0thday of Sept.,2016.
ATTEST:
^z.
CITY CLERK
READ AND APPROVED ASTO FORM,
LANGUAGE,
EXECUXU
APPROVED:
COMMISSION VOTE:
Mayor Stoddard:
Vice Mayor Welsh:
Commissioner Edmond:
Commissioner Harris:
Commissioner Liebman:
5-0
Yea
Yea
Yea
Yea
Yea
phVu;South*1 Miami
THE CITY OF PLEASANT LIVING
CITY OF SOUTH MIAMI
OFFICE OF THE CITY MANAGER
INTER-OFFICE MEMORANDUM
To:
From:
Date:
Subject:
Background:
The Honorable Mayor &Members of the City Commission
Steven Alexander,City Manager
September 20,2016 Agenda Item No.
A Resolution Authorizing theCity Manager to Purchase PublicOfficials
Employment Practices Liability from ACE.
TheCity solicited and requested independent quotes to purchase public officials
employment practices liability from ACE.
ACE Total Premium:
PGIT PublicOfficials Employment Practices Liability
FMIT Public Officials Employment Practices Liability
$43.860
Declined to quote
Declined to quote
RECOMMEND ACTION:The City Manager further recommends that the City renew itspolicy with ACE
American Insurance Company forthePublicOfficials and Employment Practices
Liability policy fora premium of $43,860.This represents a decrease of
approximately 14%over last year's premium.In addition to ACE premium
decreased,the deductible per claim was reduced from $100,000 to $75,000.
This represents a significant achievement for the Cityasit shows improvement
in our stability and reduced lawsuits and legal liability.
Proposed Resolutions
Proposal Package fromFMIT
Proposal Package from Brown &Brown
ATTACHMENTS:
PUBLIC OFFICIALS &EMPLOYMENT PRACTICES
PROPOSED LIABILITY COVERAGE
Insurer:AceAmericanInsurance Company
Type of Form:
ClaimsMade-RetroDatePerPolicyForm
ExtendedReportingPeriod:12monthsfor100%oflastannualpremium
Limits of Liability:
Each Claim 1'MIIPP
Aggregate !fe##W
Crisis Management IWi-^^^,Fund §1^^^
DefenseCostsare Within Limit ofLiability-Cappedat $1,000,000
Deductible:
$75,000 Public Officials LiabiUty -Public Entity Liability-1A2and IB
$100,000EachEmploymentPracticesViolation-1C
$250,000 Retention applies toall Zoning Claims and Matters
Exclusions Include But Are Not Limited To:
Network SecurityorPrivacyLiabilityExclusion
Bond Exclusion
False Claims Act Exclusion
Subject To:
Finalreviewoflossruns30dayspriortoeffectivedate
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SUMMARY OF ESTIMATED PROPOSED PREMIUMS
Premiums as Proposed:
Property Including
Boiler &Machinery
General Liability
Automobile
Inland Marine
Crime/Fidelity
Law Enforcement Liability
Public Officials
Employment Practices Liability
Premium
Fees
Taxes &Surcharges
Total
Premium
Fees
Taxes &Surcharges
Total
Premium
Fees
Taxes&Surcharges
Total
Premium
Fees
Taxes&Surcharges
Total
Premium
Fees
Taxes &Surcharges
Total
Premium
Fees
Taxes &Surcharges
Total
Premium
Fees
Taxes &Surcharges
Total
*Expiring Renewal
*ExpiringPremiumreflects annualized premiumsonanymidtermpolicychanges
Fees shownabovemaybe fully earned at policy inception
Expiring PropertyValue $22,690,710vs$22,752,937 Renewal
Expiring Vehicle Number 153 vs 147 Renewal
Expiring MunicipalPayroll $4,058,046vs$4,303,578 Renewal
Expiring Law Enforcement FT Officers 45 vs 48 Renewal
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