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Res No 112-24-16217RESOLUTION NO. 112-24-16217 A RESOLUTION OF THE MAYOR AND CITY COMMISSION OF THE CITY OF SOUTH MIAMI, FLORIDA, AUTHORIZING THE CITY MANAGER TO ENGAGE PUBLIC RISK MANAGEMENT OF FLORIDA FOR PROPERTY AND CASUALTY AND LIABILITY INSURANCE SERVICES FOR FISCAL YEAR 2024-2025 IN AN AMOUNT NOT TO EXCEED $724,731; PROVIDING FOR IMPLEMENTATION, CORRECTIONS, AND AN EFFECTIVE DATE. WHEREAS, the City is in need of essential property and casualty insurance, liability insurance and worker's compensation insurance services for Fiscal Year 2024-25 (collectively, the "Services") on an expedient basis to maintain continuous coverage; and WHEREAS, Public Risk Management of Florida (PRM) has been the City's carrier for Services since 2020 and submitted a proposal to the City that represents a 0.07% increase based on increased property values and estimated payroll; and WHEREAS, Section 5.H. of Article III, of the City's Charter, provides that competitive bids are not applicable to the purchase of expert services that are approved by the City Commission; and WHEREAS, based upon the PRM proposal and City Staff' recommendation on the most beneficial plan available, the City Commission desires to direct the City Manager to engage the firm of PRM for the Services, and approve the proposal from PRM, attached hereto as Exhibit "A," in the premium amount of$724,731 for Fiscal Year 2024-25; and WHEREAS, the City Commission further desires to authorize the City Manager to execute any necessary agreements with PRM for the Services; and WHEREAS, the premium amount shall be paid from various line items from various departments, as applicable, and charged to their respective account numbers, with the majority of Page 1 of3 Res. No. 112-24-16217 the premium paid from the Personnel Division's Liability Insurance line item: 001-1330-513- 4510; and WHEREAS, the City Commission finds that this Resolution is in the best interest and welfare of the City and its residents. NOW THEREFORE, BE IT RESOLVED BY THE MAYOR AND CITY COMMISSION OF THE CITY OF SOUTH MIAMI, FLORIDA, AS FOLLOWS: Section 1. Recitals. The above-stated recitals are true and correct and are incorporated herein by this reference. Section 2. Authorizing Qty Manager to Engage PRM for the Services. The City Commission hereby authorizes the City Manager to engage PRM for the Services and approves the proposal from PRM, attached hereto as Exhibit "A," in the premium amount of $724.731 for Fiscal Year 2024-25. The premium amount shall be paid from various line items from various departments, as applicable, and charged to their respective account numbers, with the majority of the premium paid from the Personnel Division's Liability Insurance line item: 001-1330-513- 4510. Section 3. Implementation. The City Manager is hereby authorized to take any and all necessary action to implement the purposes of this Resolution, including entering into any necessary agreement(s) with PRM for the Services, subject to the approval of the City Attorney as to from and legal sufficiency. Section 4. Corrections. Confonning language or technical scrivener-type corrections may be made by the City Attorney for any confonning amendments to be incorporated into the final resolution for signature. Page 2 of3 Res. No. 112-24-16217 Section 5. Effective Date. This Resolution shall become effective immediately upon adoption. PASSED AND ADOPTED this 20th day of August 2024. READ AND APPROVED AS TO FORM, LANGUAGE, LEGALITY AND EXECUTION 11-IEREOF Jll~tti£MAN COLE &BIERMAN,P.L . CITY ATTORNEY APPROVE~ Mt° COMMISSION VOTE: Mayor Fernandez: Vice Mayor Bonich: Commissioner Calle: Commissioner Liebman: Commiss ioner Corey: Page 3 of 3 4-0 Yea Absent Yea Yea Yea Agenda Item No:16. City Commission Agenda Item Report Meeting Date: August 20, 2024 Submitted by: Samantha Fraga-Lopez Submitting Department: Human Resources Item Type: Resolution Agenda Section: Subject: A RESOLUTION OF THE MAYOR AND CITY COMMISSION OF THE CITY OF SOUTH MIAMI, FLORIDA, AUTHORIZING THE CITY MANAGER TO ENGAGE PUBLIC RISK MANAGEMENT OF FLORIDA FOR PROPERTY AND CASUALTY AND LIABILITY INSURANCE SERVICES FOR FISCAL YEAR 2024-2025 IN AN AMOUNT NOT TO EXCEED $724,731; PROVIDING FOR IMPLEMENTATION, CORRECTIONS, AND AN EFFECTIVE DATE. 3/5 (CITY MANAGER-HUMAN RESOURCES & RISK MANAGEMENT DIVISION) Suggested Action: Attachments: Manager Memo - Liability Insurance for Fiscal Year (FY) 2024-25.docx 49E7479-Reso Authorizing CM to Engage PRM for Property and Casualty and Liability Insurance FY 24-25.DOCX Exhibit A - PRM Proposal FY 2024-25.pdf 1 CITY OF SOUTH MIAMI OFFICE OF THE CITY MANAGER TO:The Honorable Mayor, Vice Mayor, and Members of the City Commission FROM:Genaro “Chip” Iglesias, City Manager DATE:August 20, 2024 SUBJECT:Liability Insurance for Fiscal Year (FY) 2024-25 in an amount not to exceed $724,731 RECOMMENDATION:Purchase Property Insurance including Property and Crime, Boiler and Machinery, General Liability, Law Enforcement Liability,Auto Liability, Public Officials Liability, Employment Practices Liability, Cyber Liability, and Worker’s Compensation Insurance (collectively “Liability Insurance”) from Public Risk Management of Florida for FY 2024-25. Background:There is a limited market offering the necessary various Liability Insurance coverages to municipalities.PRM specializes and has a particular expertise in the aforementioned Liability Insurance offerings and has been the City’s carrier since 2020.Furthermore, PRM has worked well in addressing the City’s needs in a timely and professional manner.The City’s Liability Insurance is set to renew on October 01, 2024, in conjunction with the commencement of FY 2024-25. The City’s Human Resources and Risk Management Division reached out to additional carriers for quotes but, based on PRM’s history with the City and their competitive rates, did not receive any additional quotes. Due to the specialized expertise of PRM, competitive conditions shall be waived in accordance with the City Charter, Article III, Section 5. “Powers and Duties,” Subsection H. as the specialized services provided by PRM are considered “Expert Services.” The referenced section in the City Charter is summarized below: ARTICLE III, Section 5, Subsection H. All purchases shall be approved after competitive conditions shall have been maintained and competitive bids sought from at least three different sources of supply if available, such determination to be made by the Commission, and, notwithstanding the foregoing, the City may make purchases through other governmental agencies that have followed similar bidding procedures. This subsection does not apply to the purchase of legal and expert services that have been approved by the City Commission. (Amended 2/8/00) 2 CITY OF SOUTH MIAMI OFFICE OF THE CITY MANAGER The PRM proposal, attached hereto, represents an .07% increase, based on increased property values and estimated payroll. The following table is the breakdown of the coverages and costs offered by PRM: PRM Summary of Proposed Premiums: Property & Crime $ 306,973.00 Equipment Breakdown $ 3,258.00 GL/LEL/AL/E&O/Excess Liability $ 315,931.00 Workers’ Compensation $ 111,492.00 Preferred Member Credit -$ 12,924.00 TOTAL $724,731.00_ Funding:Thetotal premium of $724,731.00willbe paid from various line items from several departments, with the majority of the premium paid from the Personnel Division’s Liability Insurance line item: 001-1330-513-4510. Attachments:PRM Proposal Proposed Resolution 3 CITY OF 2019-2020 RENEWAL PROPOSAL PROPERTY & CASUALTY INSURANCE DATA CITY OF SOUTH MIAMI Renewal Proposal For Property & Casualty Insurance Coverage Effective: 10/01/2024 Expiration: 10/01/2025 THIS DOCUMENT IN ITS ENTIRETY IS CONFIDENTIAL & PRIVILEGED IN NATURE – NOT FOR PUBLIC RECORD 7 CITY OF 2019-2020 RENEWAL PROPOSAL PROPERTY & CASUALTY INSURANCE DATA SUBJECT PAGE NUMBER Named Insured 1 Executive Summary 2 Property, Property Terrorism, Property Active Shooter 3 Ancillary– Equipment Breakdown Proposal 9 Crime Coverage 10 General Liability & Public Officials & Employment Practices Liability 11 Auto Liability Proposal 12 Optional Excess Liability 13 Workers’ Compensation 14 Cyber Liability 16 Optional - Pollution & Remediation Legal Liability 17 Optional - Airport Owners & Operators Liability 18 Exposure Change 19 Proposal Pricing & Binding Authority 20 TABLE OF CONTENTS 8 CITY OF SOUTH MIAMI 2024 - 2025 RENEWAL PROPOSAL PROPERTY & CASUALTY INSURANCE PRESENTED: 1 NAMED INSURED NAMED INSURED AND MAILING ADDRESS CITY OF SOUTH MIAMI 6130 SUNSET DRIVE SOUTH MIAMI, FL 33143 This proposal contains most terms, conditions, limits and deductibles provided under the program. However, refer to the PRM Coverage Document for specific and complete terms and conditions. PREPARED BY 20 NORTH ORANGE AVE, SUITE 500 ORLANDO, FL 32801 PHONE: (407) 445-2414 FAX: (407) 445-2868 TOLL FREE: (888) 501-0014 9 CITY OF SOUTH MIAMI 2024 - 2025 RENEWAL PROPOSAL PROPERTY & CASUALTY INSURANCE PRESENTED: 2 EXECUTIVE SUMMARY WHO WE A RE The WRM management team brings over 100 combined years of insurance industry intellectual capital to our clients dedicated to Public Entity Risk Management and insurance solutions. Knowing that broad insurance resources and strong market relationships are essential, along with industry expertise and experience, WRM tactically sought out well-respected industry talent, with solid reputations and stellar track records to join our leadership ranks. WRM is a member of Ballator Insurance Group, an Accretive Insurance Solutions company. Ballator provides insurance program development, pool creation and underwriting, pool administration services and insurance placement to both the Public Entity and Non-Profit sectors. WRM employs a highly professional staff that has a proven record of identifying and satisfying client’s needs. WRM’s team commitment is reflected in a combined risk management knowledge and experience. WHAT WE DO We bring fresh and innovative ideas into the insurance industry. WRM uses our ability of being a “Boutique Broker” to take advantage of the ever-changing insurance market opportunities. WRM has the expertise that most small private agents and brokers do not have, and the large publicly traded brokers cannot take advantage of due to their size and corporate structure. WRM offers clients a thorough and meticulous insurance need analysis, plus delivers competitive cutting -edge products and services from nationally recognized insurance carriers based on realistic and reasonable fee and/or commissions. WRM’s dedicated Management/Service Team is recognized throughout the industry for their commitment to providing clients with prompt responses and solutions. O UR R EPUTATION WRM’s management team has an industry wide reputation for professionalism, quality service, knowledge, and client involvement on a daily basis at all levels, plus a genuine commitment to protect and shield employees and property of public entity groups and other businesses. WRM believes in its ability to lead in the field of risk management and loss management and provide innovative solutions. O UR C ORPORATE PARTNERS World Risk Management along with its partner companies’ mission is to maintain success through commitment, honest and timely communication, vision innovation and customer satisfaction. BALLATOR INSURANCE GROUP WORLD RISK MANAGEMENT FIRST FLORIDA INSURANCE BROKERS NON-PROFIT INSURANCE SERVICES LIBERTATE INSURANCE 10 CITY OF SOUTH MIAMI 2024 - 2025 RENEWAL PROPOSAL PROPERTY & CASUALTY INSURANCE PRESENTED: 3 PROPERTY PROPOSAL PROPERTY EXPIRING COVERAGE 10/01/2023 TO 10/01/202 4 RENEWAL 10/01/20 24 TO 10/01/2025 COMPANY PUBLIC RISK MANAGEMENT OF FLORIDA PUBLIC RISK MANAGEMENT OF FLORIDA TOTAL I NSURED VALUES $38,291,429 $39,916,910 DEDUCTIBLES ▪ ALL OTHER PERILS, E XCEPT: ▪ AUTO PHYSICAL DAMAGE / INLAND MARINE ▪ ALL OTHER FLOOD – PER UNIT ▪ FLOOD – SPECIAL FLOOD H AZARD AREAS ▪ NAMED WINDSTORM PER UNIT VALUES SHALL APPLY $1,000 $1,000 $1,000 EXCESS OF NFIP 5%      VALUATION ▪ AUTO PHYSICAL DAMAGE ▪ BUSINESS INCOME ▪ COINSURANCE ▪ INLAND MARINE ▪ P ROPERTY ACTUAL CASH VALUE ACTUAL LOSS SUSTAINED NONE REPLACEMENT COST REPLACEMENT COST      ASSOCIATION LIMITS ALL PERILS , COVERAGE’S AND INSURED’S /MEMBERS COMBINED – PER OCCURRENCE, SUBJECT TO THE FOLLOWING SUB -LIMITS: $250,000,000  - FLOOD – PER OCCURRENCE ANNUAL AGGREGATE $50,000,000  - FLOOD SUBLIMIT – ANNUAL AGGREGATE - CONTRACTORS E QUIPMENT - FINE ARTS - LICENSED VEHICLES - UNLICENSED VEHICLES $5,000,000  - FLOOD SUBLIMIT - PER OCCURRENCE - MISCELLANEOUS UNNAMED LOCATIONS $10,000,000  - E ARTHQUAKE SHOCK LIMIT - PER OCCURRENCE & IN THE ANNUAL AGGREGATE $50,000,000  - WIND/HAIL LIMIT PER OCCURRENCE N AMED WINDSTORM $80,000,000 $100,000,000 - AUTO PHYSICAL DAMAGE - ON AND OFF PREMISES - OVER THE ROAD INCLUDED $10,000,000  ✓ P ER EXPIRING CHANGE OR IMPROVEMENT TO E XPIRING 11 CITY OF SOUTH MIAMI 2024 - 2025 RENEWAL PROPOSAL PROPERTY & CASUALTY INSURANCE PRESENTED: 4 PROPERTY PROPOSAL PROPERTY EXPIRING COVERAGE 10/01/2023 TO 10/01/2024 RENEWAL 10/01/2024 TO 10/01/2025 ASSOCIATION SUBLIMITS [NOT ALL INCLUSIVE…] - ACCIDENTAL CONTAMINATION $250,000/$500,000  - ACCOUNT RECEIVABLES INCLUDED  - ANIMALS - UNSCHEDULED ANIMALS $50,000 FOR ANY ONE ANIMAL / $250,000 PER OCCURRENCE  - ASBESTOS CLEAN-UP & REMOVAL (RESULTANT) LIMITED COVERAGE  - AUTOMATIC ACQUISITION LIMIT $25,000,000  - AUTOMATIC ACQUISITION LIMIT FOR - VEHICLES - SPECIAL FLOOD H AZARD AREAS $10,000,000 $10,000,000 ANNUAL AGGREGATE  - BUILDING ORDINANCE UNDAMAGED PORTION OF BUILDING INCLUDED  - BUSINESS INTERRUPTION $100,000,000  - CIVIL AUTHORITY WITHIN 10 MILES OF INSURED PREMISE 30 DAYS  - CLAIM PREPARATION EXPENSE $1,000,000  - CONTINGENT BUSINESS INTERRUPTION $5,000,000 E XCEPT TAX INTERRUPTION EXCLUDED  - COURSE OF CONSTRUCTION & ADDITIONS $50,000,000 E XCLUDES FRAME BUILDERS RISK  - DEBRIS REMOVAL INCLUDED  - DEMOLITION INCLUDED  - E ARTH MOVEMENT EXCEPT - VEHICLES, CONTRACTORS EQUIPMENT , FINE ARTS COMBINED $50,000,000 ANNUAL AGGREGATE $5,000,000 COMBINED AGGREGATE  - E LECTRONIC DATA PROCESSING (EDP) INCLUDED  - E RRORS & OMISSIONS $25,000,000  - E XPEDITING EXPENSE $50,000,000  - E XTENDED PERIOD OF INDEMNITY 180 DAYS  - E XTRA EXPENSE $50,000,000  - FINE ARTS - UNSCHEDULED FINE ARTS INCLUDED $2,500,000  - FIRE FIGHTING E XPENSE INCLUDED  - FLOOD EXCEPT - SPECIAL FLOOD H AZARD AREAS - VEHICLES, CONTRACTORS EQUIPMENT , FINE ARTS COMBINED $50,000,000 INCLUDED $5,000,000 COMBINED AGGREGATE  - IMPROVEMENT & BETTERMENT INCLUDED  - INCREASED COST OF CONSTRUCTION $25,000,000  ✓ PER EXPIRING CHANGE OR IMPROVEMENT TO E XPIRING 12 CITY OF SOUTH MIAMI 2024 - 2025 RENEWAL PROPOSAL PROPERTY & CASUALTY INSURANCE PRESENTED: 5 PROPERTY PROPOSAL PROPERTY EXPIRING COVERAGE 10/01/2023 TO 10/01/2024 RENEWAL 10/01/2024 TO 10/01/2025 ASSOCIATION SUBLIMITS [NOT ALL INCLUSIVE…] - INGRESS & E GRESS WITHIN 10 MILES OF INSURED PREMISE 30 DAYS  - JEWELRY , FURS , & PRECIOUS METALS – SEPARATELY $500,000  - LANDSCAPING, TEES, SAND TRAPS, GREENS, ATHLETIC GREENS EXCEPT - UNSCHEDULED LANDSCAPING , TEES , SAND TRAPS , GREENS , ATHLETIC GREENS $5,000,000 $1,000,000  - LEASEHOLD INTEREST INCLUDED  - M ISCELLANEOUS UNNAMED LOCATIONS EXCEPT - SPECIAL FLOOD H AZARD AREAS $25,000,000 $10,000,000 ANNUAL AGGREGATE  - M OLD (RESULTANT ) $35,000 AGGREGATE  - M ONEY AND SECURITIES $2,500,000  - O FF PREMISES SERVICE INTERRUPTION INCLUDING EXTRA E XPENSE $25,000,000  - P ERSONAL E FFECTS INCLUDED  P ERSONAL PROPERTY OF OTHERS INCLUDED  - P ERSONAL PROPERTY OUTSIDE THE USA $1,000,000  - P ROTECTION AND PRESERVATION OF P ROPERTY INCLUDED  - P ROPERTY OFF PREMISES INCLUDED  - SIGNS INCLUDED  - TRANSIT $25,000,000  - TUNNELS , BRIDGES, DAMS, CATWALKS – UNSCHEDULED $500,000  - VALUABLE PAPERS AND RECORDS INCLUDED  - WATERCRAFT - UP TO 27 FEET, UNSCHEDULED - OVER 27 FEET, SCHEDULED $250,000 UNSCHEDULED ALL SCHEDULED INCLUDED  EXCLUSIONS [INCLUDING BUT NOT LIMITED TO] - RUST, WET/DRY ROT, LAND & LAND VALUES, COMMUNICABLE DISEASE , PROPERTY CYBER & DATA EXCLUDED  ✓ PER EXPIRING CHANGE OR IMPROVEMENT TO E XPIRING 13 CITY OF SOUTH MIAMI 2024 - 2025 RENEWAL PROPOSAL PROPERTY & CASUALTY INSURANCE PRESENTED: 6 PROPERTY PROPOSAL RATING EXPOSURES PROPERTY INFORMATION TOTAL INSURANCE VALUES 2023 – 2024 2024 – 2025 TOTAL BUILDING VALUES $27,877,588 $29,271,467 TOTAL CONTENT VALUES $1,609,067 $1,625,158 DECLARED /PROP IN OPEN $2,905,911 $3,051,207 EDP EQUIPMENT (HARDWARE) $458,945 $463,535 BUSINESS INTERRUPTION /EXTRA EXPENSE $500,000 $500,000 EQUIPMENT VALUES $1,126,443 $1,148,479 AUTOMOBILE VALUES – ACTUAL CASH VALUE $3,813,475 $3,857,065 AUTOMOBILE VALUES – REPLACEMENT COST $0 $0 RENTAL VALUES $0 $0 MISCELLANEOUS PROPERTY $0 $0 TOTAL INSURABLE VALUES $38,291,429 $39,916,910 4.25% 14 CITY OF SOUTH MIAMI 2024 - 2025 RENEWAL PROPOSAL PROPERTY & CASUALTY INSURANCE PRESENTED: 7 PROPERTY TERRORISM & SABOTAGE PROPOSAL PROPERTY TERRORISM & SABOTAGE EXPIRING COVERAGE 10/01/2023 TO 10/01/2024 RENEWAL 10/01/2024 TO 10/01/2025 CARRIER LLOYDS OF LONDON LLOYDS OF LONDON TERRORISM & SABOTAGE $25,000,000 PER OCCURRENCE $25,000,000 AGGREGATE $25,000,000 PER OCCURRENCE $25,000,000 AGGREGATE DEDUCTIBLE $10,000 $10,000 ASSOCIATION S UBLIMITS [NOT A LL I NCLUSIVE ] - BUSINESS INTERRUPTION SUBLIMIT $25,000,000  - CIVIL OR MILITARY AUTHORITY SUBLIMIT $1,000,000, 30 DAY(S), AND 1 MILE(S)  - DEBRIS REMOVAL E XPENSES SUBLIMIT $250,000  - DECONTAMINATION COSTS E XCLUDING NCBR SUBLIMIT $250,000  - DEMOLITION & INCREASED COST OF CONSTRUCTION SUBLIMIT $1,000,000  - E RRORS & OMISSIONS SUBLIMIT $250,000  - E LECTRONIC DATA PROCESSING MEDIA SUBLIMIT $1,000,000  - E XTENDED PERIOD OF INDEMNITY SUBLIMIT $0 AND 180 DAY(S)  - FINE ART SUBLIMIT $ 250,000  - INGRESS /EGRESS SUBLIMIT $ 1,000,000, 30 DAY(S), AND 1 MILE(S)  - P RESERVATION OF PROPERTY SUBLIMIT $ 250,000  - P ROFESSIONAL FEES SUBLIMIT $ 250,000  - RELOCATION EXPENSE SUBLIMIT $ 250,000  - SERVICE INTERRUPTION SUBLIMIT $ 1,000,000, 30 DAY(S), AND 1 MILE(S)  - TRANSIT SUBLIMIT $ 250,000  - VALUABLE PAPERS SUBLIMIT $ 250,000  - ACCOUNTS RECEIVABLE SUBLIMIT $ 250,000  - ASBESTOS SUBLIMIT $ 500,000  - AUTOMATIC COVERAGE SUBLIMIT $ 1,000,000 AND 30 DAY(S)  - COMMISSIONS, PROFITS , & ROYALTIES SUBLIMIT $ 250,000  - DELAY IN STARTUP COSTS SUBLIMIT $ 250,000  - FIRE PROTECTIVE SYSTEMS SUBLIMIT $ 10,000  - GREEN BUILDING ADDITIONAL E XPENSE SUBLIMIT $ 250,000  - KEY & LOCK EXPENSE SUBLIMIT $ 250,000  - LANDSCAPING SUBLIMIT $ 10,000  - LOSS OF ATTRACTION SUBLIMIT $0, 0 DAY(S), AND 0 MILE(S)  - M ISCELLANEOUS UNNAMED LOCATIONS SUBLIMIT $ 1,000,000 AND 30 DAY(S)  - NEWLY ACQUIRED LOCATIONS SUBLIMIT $ 1,000,000 AND 90 DAY(S)  - P ROPERTY IN COURSE OF CONSTRUCTION SUBLIMIT $1,000,000  - RENTAL INCOME SUBLIMIT NOT INCLUDED  - SOFT COST SUBLIMIT $250,000  ✓ PER E XPIRING CHANGE OR IMPROVEMENT TO EXPIRING UNLESS OTHERWISE SPECIFIED , ALL SUB-LIMITS LISTED ABOVE APPLY ON A PER OCCURRENCE BASIS AND ARE A PART OF, AND NOT IN ADDITION TO, THE MUNICIPALITIES TERRORISM AND SABOTAGE LIMIT OF LIABILITY 15 CITY OF SOUTH MIAMI 2024 - 2025 RENEWAL PROPOSAL PROPERTY & CASUALTY INSURANCE PRESENTED: 8 ACTIVE SHOOTER & MALICIOUS ATTACK PROPOSAL ACTIVE SHOOTER & MALICIOUS ATTACK EXPIRING COVERAGE 10/01/2023 TO 10/01/2024 RENEWAL 10/01/2024 TO 10/01/2025 CARRIER LLOYDS OF LONDON LLOYDS OF LONDON ACTIVE S HOOTER & MALICIOUS ATTACK $1,000,000 PER OCCURRENCE $1,000,000 AGGREGATE $2,000,000 PER OCCURRENCE $2,000,000 AGGREGATE DEDUCTIBLE $10,000 $10,000 ASSOCIATION S UBLIMITS [NOT A LL I NCLUSIVE ] - ADDITIONAL SECURITY MEASURES SUBLIMIT $250,000  - COUNSELING SUBLIMIT $250,000  - P UBLIC RELATIONS COSTS SUBLIMIT $250,000  - M ISCELLANEOUS CRISIS MANAGEMENT E XPENSES SUBLIMIT $250,000  - WAITING PERIOD 0 HOURS  ✓ P ER EXPIRING CHANGE OR IMPROVEMENT TO E XPIRING UNLESS OTHERWISE SPECIFIED , ALL SUB-LIMITS LISTED ABOVE APPLY ON A PER OCCURRENCE BASIS AND ARE A PART OF , AND NOT IN ADDITION TO , THE ACTIVE SHOOTER AND MALICIOUS ATTACK LIMIT OF LIABILITY 16 CITY OF SOUTH MIAMI 2024 - 2025 RENEWAL PROPOSAL PROPERTY & CASUALTY INSURANCE PRESENTED: 9 ANCILLARY– EQUIPMENT BREAKDOWN PROPOSAL EQUIPMENT BREAKDOWN EXPIRING COVERAGE 10/01/2023 TO 10/01/2024 RENEWAL 10/01/2024 TO 10/01/2025 CARRIER TRAVELERS ENERGY MAX 21 TRAVELERS ENERGYMAX21 NAMED I NSURED PUBLIC RISK MANAGEMENT OF FLORIDA PUBLIC RISK MANAGEMENT OF FLORIDA DEDUCTIBLES ▪ ALL OBJECTS ▪ TRANSFORMERS 10,000 KVA $1,000 $10,000   VALUATION ▪ ALL OTHER E QUIPMENT ▪ EQUIPMENT 25 YEARS OR OLDER REPAIR AND/OR REPLACEMENT ACTUAL CASH VALUE   ASSOCIATION LIMITS LIMIT PER ACCIDENT $50,000,000  ASSOCIATION SUBLIMITS [NOT ALL I NCLUSIVE ] ▪ BUSINESS INCOME ▪ BUSINESS INCOME “PERIOD OF RESTORATION EXTENSION” $100,000 30 DAYS   ▪ CONTINGENT BUSINESS INTERRUPTION/EXTRA EXPENSE $250,000   ▪ SPOILAGE DAMAGE COVERAGE -INCL UTILITY INTERRUPTION ▪ UTILITY INTERRUPTION SPOILAGE COVERAGE - WAITING PERIOD INCLUDED TOTAL LIMIT PER BREAKDOWN 4 HOURS   ▪ ERRORS IN DESCRIPTION POLICY LIMIT $5,000,000 ▪ EXPEDITING E XPENSE POLICY LIMIT  ▪ H AZARDOUS SUBSTANCE $2,000,000  ▪ ELECTRONIC DATA OR MEDIA $500,000 $250,000 ▪ N EWLY ACQUIRED LOCATION POLICY LIMIT  ▪ ORDINANCE OR LAW INCL . DEMOLITION $1,000,000  ▪ REFRIGERANT CONTAMINATION POLICY LIMIT  ▪ WATER DAMAGE $100,000  MAJOR PERILS EXCLUDED ▪ EARTHQUAKE E XCLUDED  ▪ EC PERILS E XCLUDED  ▪ FLOOD E XCLUDED  ▪ FREEZE E XCLUDED  ▪ FURNACE EXPLOSION E XCLUDED  ▪ LIGHTNING E XCLUDED  ✓ PER EXPIRING CHANGE OR IMPROVEMENT TO E XPIRING 17 CITY OF SOUTH MIAMI 2024 - 2025 RENEWAL PROPOSAL PROPERTY & CASUALTY INSURANCE PRESENTED: 10 CRIME PROPOSAL CRIME EXPIRING COVERAGE 10/01/2023 TO 10/01/2024 RENEWAL 10/01/2024 TO 10/01/2025 COMPANY PUBLIC RISK MANAGEMENT OF FLORIDA PUBLIC RISK MANAGEMENT OF FLORIDA DEDUCTIBLE $1,000  LIMIT S ▪ EMPLOYEE THEFT-PER LOSS COVERAGE $500,000  ▪ FORGERY OR ALTERATION $500,000  ▪ INSIDE PREMISES -THEFT OF MONEY & SECURITIES $500,000  ▪ INSIDE PREMISES -ROBBERY , SAFE BURGLARY - OTHER PROP $500,000  ▪ OUTSIDE THE PREMISES $500,000  ▪ COMPUTER FRAUD $500,000  ▪ FUNDS TRANSFER FRAUD $500,000  ▪ MONEY ORDERS AND COUNTERFEIT PAPER CURRENCY $500,000  ▪ IMPERSONATION FRAUD/SOCIAL ENGINEERING $100,000  CONDITIONS [NOT ALL INCLUSIVE ] ▪ FAITHFUL PERFORMANCE OF DUTY INCLUDED INCLUDED  ▪ 45 DAY NOTICE OF CANCELLATION/10 DAYS NON-PAYMENT INCLUDED  ▪ 60 DAY LOSS REPORT REQUIREMENT INCLUDED  ▪ N O MINIMUM E ARNED PREMIUM INCLUDED  ✓ PER EXPIRING CHANGE OR IMPROVEMENT TO E XPIRING 18 CITY OF SOUTH MIAMI 2024 - 2025 RENEWAL PROPOSAL PROPERTY & CASUALTY INSURANCE PRESENTED: 11 GENERAL LIABILITY & PUBLIC OFFICIALS/EMPLOYMENT PRACTICES LIABILITY ASSOCIATION AGGREGATE $100,000,000 FOR ALL LIABILITY COVERAGES ASSOCIATION AGGREGATE $100,000,000 FOR ALL LIABILITY COVERAGES *COMMUNICABLE DISEASE SUB-LIMIT & AGGREGATES APPLIES TO ALL LIABILITY COVERAGES COMBINED GENERAL LIABILITY EXPIRING COVERAGE 10/01/2023 TO 10/01/2024 RENEWAL 10/01/2024 TO 10/01/2025 COMPANY PUBLIC RISK MANAGEMENT OF FLORIDA PUBLIC RISK MANAGEMENT OF FLORIDA COVERAGE FORM OCCURRENCE OCCURRENCE DEDUCTIBLE NONE NONE LIMIT S LIMIT OF LIABILITY $2,000,000  COVERAGE [INCLUDING BUT NOT LIMITED TO ] ▪ EMPLOYEE BENEFIT LIABILITY INCLUDED  ▪ LAW E NFORCEMENT LIABILITY INCLUDED  TERMS [INCLUDING BUT NOT LIMITED TO ] ▪ COMMUNICABLE DISEASE* $200,000 PER CLAIMANT /$300,000 PER OCC/$300,000 MEMBER AGG/$3,000,000 POOL AGG  PUBLIC OFFICIALS/EMPLOYMENT PRACTICES LIABILITY COVERAGE FORM EACH CLAIM EACH CLAIM RETROACTIVE DATE 10/01/2010  LIMIT S LIMIT OF LIABILITY $2,000,000  SUBLIMITS [INCLUDING BUT NOT LIMITED TO ] ▪ BERT H ARRIS $300,000  RETROACTIVE DATE: 10/01/201 5 ▪ INVERSE CONDEMNATION $100,000/$100,000  RETROACTIVE DATE: 10/01/201 5 ▪ N ON-MONETARY DAMAGES $100,000/$100,000  RETROACTIVE DATE: 10/01/201 5 ▪ SEXUAL MISCONDUCT EXCLUDED  RETROACTIVE DATE: N/A TERMS [INCLUDING BUT NOT LIMITED TO ] ▪ COMMUNICABLE DISEASE* $200,000 PER CLAIMANT /$300,000 PER OCC/$300,000 MEMBER AGG/$3,000,000 P OOL AGG  ▪ ETHICS VIOLATIONS REIMBURSEMENT $5,000 PER COMMISSIONER/$15,000 MEMBER AGGREGATE /$500,000 ANNUAL POOL AGGREGATE  ▪ SEXUAL HARASSMENT INCLUDED  ▪ ERRORS & OMISSIONS & WRONGFUL ACTS INCLUDED  ✓ P ER EXPIRING CHANGE OR IMPROVEMENT TO E XPIRING 19 CITY OF SOUTH MIAMI 2024 - 2025 RENEWAL PROPOSAL PROPERTY & CASUALTY INSURANCE PRESENTED: 12 AUTO LIABILITY PROPOSAL AUTO LIABILITY EXPIRING COVERAGE 10/01/2023 TO 10/01/2024 RENEWAL 10/01/2024 TO 10/01/2025 COMPANY PUBLIC RISK MANAGEMENT OF FLORIDA PUBLIC RISK MANAGEMENT OF FLORIDA COVERAGE FORM OCCURRENCE OCCURRENCE DEDUCTIBLE $0  LIMIT S LIABILITY COMBINED SINGLE LIMIT $2,000,000  COVERAGE [INCLUDING BUT NOT LIMITED TO ] ▪ PERSONAL INJURY PROTECTION STATUTORY  ▪ PHYSICAL DAMAGE - COLLISION - COMPREHENSIVE EXCLUDED - COVERED UNDER PROPERTY EXCLUDED - COVERED UNDER PROPERTY  ▪ H IRED/BORROWED LIABILITY $2,000,000  ▪ H IRED/BORROWED PHYSICAL DAMAGE INCLUDED  ▪ N ON-OWNED LIABILITY $2,000,000  ▪ N ON-OWNED PHYSICAL DAMAGE INCLUDED  EXCLUSIONS [INCLUDING BUT NOT LIMITED TO ] ▪ AUTO PHYSICAL DAMAGE EXCLUDED – COVERED UNDER PROPERTY  ▪ MEDICAL PAYMENTS E XCLUDED  ▪ UNINSURED/UNDERINSURED MOTORIST E XCLUDED  ✓ PER E XPIRING CHANGE OR IMPROVEMENT TO EXPIRING ASSOCIATION AGGREGATE $100,000,000 FOR ALL LIABILITY COVERAGES 20 CITY OF SOUTH MIAMI 2024 - 2025 RENEWAL PROPOSAL PROPERTY & CASUALTY INSURANCE PRESENTED: 13 OPTIONAL – EXCESS LIABILITY PROPOSAL EXCESS LIABILITY RENEWAL 10/0/1/2024 TO 10/01/202 5 COMPANY PUBLIC RISK MANAGEMENT OF FLORIDA COVERAGES INCLUDED ▪ AUTO LIABILITY ▪ E MPLOYMENT PRACTICES LIABILITY ▪ GENERAL LIABILITY ▪ EMPLOYEE BENEFITS LIABILITY ▪ E RRORS & OMISSIONS LIABILITY ▪ LAW ENFORCEMENT LIABILITY EXCLUSIONS [INCLUDING BUT NOT LIMITED TO ] ▪ ABUSE OR MOLESTATION ▪ E MPLOYERS’ LIABILITY/WORKERS’ COMPENSATION ▪ POLLUTION LIABILITY EXCLUSION- HOSTILE FIRE COVERAGE ▪ AIRPORT LIABILITY ▪ FAILURE TO SUPPLY EXCLUSION - UTILITIES ▪ SILICA OR DUST ▪ ASBESTOS ▪ FUNGI OR BACTERIA ▪ WAR ▪ AUTOMOBILE FIRST PARTY COVERAGE ▪ NURSING HOME ▪ WHARFINGERS’ LIABILITY ▪ DAMS , LEVEES, DIKES OR RESERVOIRS ▪ PROPERTY DAMAGE E XCLUSION-REAL AND/OR PERSONAL PROPERTY LINE OF C OVERAGE LIMIT EXCESS OF LIMITS COVERAGE TRIGGER ▪ AUTO LIABILITY $3,000,000 $2,000,000 PER ACCIDENT ▪ EMPLOYEE BENEFIT LIABILITY $3,000,000 $2,000,000 PER CLAIM ▪ EMPLOYMENT PRACTICES LIABILITY $3,000,000 $2,000,000 PER CLAIM ▪ GENERAL LIABILITY INCL. LAW ENFORCEMENT $3,000,000 $2,000,000 PER OCCURRENCE ▪ MISCELLANEOUS PROFESSIONAL $3,000,000 $2,000,000 PER CLAIM *$3,000,000 COMBINED E XCESS LIABILITY AGGREGATE APPLIES PER M EMBER FOR EMPLOYEE BENEFITS LIABILITY, PUBLIC OFFICIALS ERRORS & OMISSIONS AND EMPLOYMENT PRACTICES LIABILITY ONLY* QUOTATION AVAILABLE UPON REQUEST ASSOCIATION AGGREGATE $100,000,000 FOR ALL LIABILITY COVERAGES 21 CITY OF SOUTH MIAMI 2024 - 2025 RENEWAL PROPOSAL PROPERTY & CASUALTY INSURANCE PRESENTED: 14 WORKERS’ COMPENSATION PROPOSAL *PLEASE NOTE THE WC COVERAGE PERIOD WILL BE AUDITED PER THE COMPOSITE RATE SHOWN ABOVE PER DOLLAR OF PAYROLL ON THE TOTAL WC PREMIUM, BEFORE ANY PARTICIPATION CREDITS WORKERS’ COMPENSATION EXPIRING COVERAGE 10/01/2023 TO 10/01/2024 RENEWAL 10/01/2024 TO 10/01/2025 COMPANY PUBLIC RISK MANAGEMENT OF FLORIDA PUBLIC RISK MANAGEMENT OF FLORIDA DEDUCTIBLE NIL NIL LIMITS ▪ WORKERS’ COMPENSATION - MEDICAL - DISABILITY - DEATH STATUTORY  ▪ EMPLOYERS ’ LIABILITY - EACH ACCIDENT - EACH E MPLOYEE FOR DISEASE $2,000,000 $2,000,000   TERMS & C ONDITIONS [NOT ALL INCLUSIVE ] ▪ BROAD FORM ALL STATES INCLUDED  ▪ MARITIME COVERAGE ENDORSEMENT INCLUDED  ▪ VOLUNTARY COMPENSATION E NDORSEMENT INCLUDED  ANNUAL POLICY AUDIT ▪ COMPOSITE RATE* 1.15142 1.11687 ✓ P ER EXPIRING CHANGE OR IMPROVEMENT TO E XPIRING 22 CITY OF SOUTH MIAMI 2024 - 2025 RENEWAL PROPOSAL PROPERTY & CASUALTY INSURANCE PRESENTED: 15 WORKERS’ COMPENSATION PROPOSAL CLASS C ODE DESCRIPTION 2023 – 2024 ESTIMATED PAYROLL 2024 – 2025 ESTIMATED PAYROLL 5509 STREET OR ROAD PAVING $320,963 $320,963 7720 POLICE OFFICERS & DRIVERS $4,611,030 $4,611,030 8380 AUTOMOBILE SERVICE OR REPAIR CENTER & DRIVERS $176,202 $176,202 8810 CLERICAL OFFICE E MPLOYEES $2,413,202 $2,413,202 9015 BUILDINGS OPERATIONS BY OWNER - ALL OTHER EMPLOYEES $126,147 $126,147 9102 PARK NOC - ALL E MPLOYEES & DRIVERS $1,367,048 $1,367,048 9403 GARBAGE ASHES OR REFUSE COLLECTION & DRIVERS $384,323 $384,323 9410 MUNICIPAL , TOWNSHIP, D OR STATE E MPLOYEE NOC $583,627 $583,627 TOTAL PAYROLL $9,982,542 $9,982,542 0% 23 CITY OF SOUTH MIAMI 2024 - 2025 RENEWAL PROPOSAL PROPERTY & CASUALTY INSURANCE PRESENTED: 16 ANCILLARY – CYBER LIABILITY PROPOSAL CYBER LIABILITY EXPIRING COVERAGE 10/01/2023 TO 10/01/2024 RENEWAL 10/01/2024 TO 10/01/2025 CARRIER GREAT AMERICAN INSURANCE GREAT AMERICAN INSURANCE NAMED I NSURED PUBLIC RISK MANAGEMENT OF FLORIDA PUBLIC RISK MANAGEMENT OF FLORIDA COVERAGE FORM CLAIMS MADE CLAIMS MADE RETROACTIVE DATE 10/01/20 20 10/01/20 20 DEDUCTIBLE $20,000  LIMITS LIMIT OF LIABILITY $1,000,000  ANNUAL AGGREGATE $5,000,000 POOL AGGREGATE  COVERAGE (INCLUDING BUT NOT LIMITED TO ] ▪ BUSINESS INCOME/EXTRA E XPENSE INCLUDED  ▪ CYBER E XTORTION THREATS INCLUDED  ▪ MEDIA LIABILITY INCLUDED  ▪ PUBLIC RELATIONS EXPENSE INCLUDED  ▪ REPLACEMENT /RESTORATION OF ELECTRONIC DATA INCLUDED  ▪ SECURITY BREACH E XPENSE INCLUDED  ▪ SECURITY BREACH LIABILITY [INCLUDES REGULATORY FINES/PENALTIES AND PCI FINES] INCLUDED  ✓ P ER EXPIRING CHANGE OR IMPROVEMENT TO E XPIRING 24 CITY OF SOUTH MIAMI 2024 - 2025 RENEWAL PROPOSAL PROPERTY & CASUALTY INSURANCE PRESENTED: 17 ANCILLARY– POLLUTION & REMEDIATION LIABILITY PROPOSAL POLLUTION AND REMEDIATION LEGAL LIABILITY EXPIRING COVERAGE 10/01/2023 TO 10/01/2024 RENEWAL 10/01/2024 TO 10/01/2025 CARRIER INDIAN HARBOR INSURANCE CO. INDIAN HARBOR INSURANCE CO. NAMED I NSURED PUBLIC RISK MANAGEMENT OF FLORIDA PUBLIC RISK MANAGEMENT OF FLORIDA COVERAGE FORM CLAIMS MADE CLAIMS MADE RETROACTIVE DATE TBD TBD SELF-I NSURED R ETENTION $25,000 $25,000 LIMITS LIMIT OF LIABILITY EACH P OLLUTION CONDITION $1,000,000  TOTAL LIMIT OF LIABILITY ANNUAL AGGREGATE $2,000,000  ▪ EMERGENCY REMEDIATION E XPENSE $250,000  ▪ EMERGENCY REMEDIATION E XPENSE AGGREGATE $1,000,000  COVERAGE (INCLUDING BUT NOT LIMITED TO ] ▪ CONTINGENT TRANSPORTATION COVERAGE INCLUDED  ▪ LEGAL DEFENSE EXPENSE INCLUDED  ▪ ON PREMISES & OFF PREMISES REMEDIATION LEGAL LIABILITY INCLUDED  ▪ POLLUTION LEGAL LIABILITY INCLUDED  ▪ STORAGE TANKS INCLUDED  ✓ P ER EXPIRING CHANGE OR IMPROVEMENT TO E XPIRING 25 CITY OF SOUTH MIAMI 2024 - 2025 RENEWAL PROPOSAL PROPERTY & CASUALTY INSURANCE PRESENTED: 18 OPTIONAL – AIRPORT OWNERS & OPERATORS LIABILITY PROPOSAL AIRPORT OWNERS AND OPERATORS LIABILITY EXPIRING COVERAGE 10/01/2023 TO 10/01/2024 RENEWAL 10/01/2024 TO 10/01/2025 CARRIER ACE PROPERTY & CASUALTY INSURANCE CO ACE PROPERTY & CASUALTY INSURANCE CO NAMED I NSURED PUBLIC RISK MANAGEMENT OF FLORIDA PUBLIC RISK MANAGEMENT OF FLORIDA FAA ID S TATE N AME COVERAGE FORM OCCURRENCE OCCURRENCE DEDUCTIBLE NIL NIL LIMITS LIMIT OF LIABILITY $2,000,000  ▪ EXTENDED COVERAGE -WAR, H I-JACKING & OTHER PERILS ANNUAL AGGREGATE $2,000,000  ▪ FIRE DAMAGE LIMIT ANY ONE FIRE $100,000  ▪ H ANGARKEEPERS NOT “IN FLIGHT” LIMIT ANY ONE OCCURRENCE $1,000,000  ▪ H ANGARKEEPERS NOT “IN FLIGHT” LIMIT ANY ONE AIRCRAFT $1,000,000  ▪ MALPRACTICE ANNUAL AGGREGATE $2,000,000  ▪ MEDICAL EXPENSE LIMIT ANY ONE PERSON $1,000  ▪ N ON-OWNED AIRCRAFT LIABILITY $2,000,000  ▪ PERSONAL INJURY AND ADVERTISING INJURY ANNUAL AGGREGATE $2,000,000  ▪ PRODUCTS-COMPLETED OPERATIONS ANNUAL AGGREGATE $2,000,000  CONDITIONS [NOT ALL INCLUSIVE ] ▪ 60 DAYS NOTICE OF CANCELLATION , NON- RENEWAL OR REDUCTION IN COVERAGE BY INSURER, BUT 10 DAYS NOTICE FOR NON - PAYMENT OF PREMIUM   ✓ P ER EXPIRING CHANGE OR IMPROVEMENT TO E XPIRING 26 CITY OF SOUTH MIAMI 2024 - 2025 RENEWAL PROPOSAL PROPERTY & CASUALTY INSURANCE PRESENTED: 19 EXPOSURE CHANGE EXPOSURE CHANGE EXPOSURE 2023 – 2024 2024 – 2025 % CHANGE PROPERTY TIV $38,291,429 $39,916,910 4.25% TOTAL PAYROLL $9,982,542 $9,982,542 0% 27 CITY OF SOUTH MIAMI 2024 - 2025 RENEWAL PROPOSAL PROPERTY & CASUALTY INSURANCE PRESENTED: 20 PROPOSAL PRICING & BINDING AUTHORITY A FTER CAREFUL CONSIDERATION OF THE REFERENCED PROPOSAL , WE ACCEPT YOUR INSURANCE PROGRAM AS INDICATED WITH AN “X” BELOW: PAYMENT PLAN: PRM ALLOWS THEIR MEMBERS TO PAY THEIR TOTAL COSTS IN FOUR (4) QUARTERLY INSTALLMENTS . THE FIRST INSTALLMENT IS DUE AT INCEPTION AND IS EQUAL TO 25% OF ALL COSTS . THE REMAINING COSTS WILL BE PAID OVER THE NEXT THREE (3) QUARTERS . THIS WARRANTS THAT YOU HAVE NO KNOWLEDGE OF ANY CLAIM , OR INCIDENT THAT MAY RESULT IN A CLAIM , THAT HAS NOT BEEN REPORTED TO THE INSURANCE CARRIER . IT IS UNDERSTOOD AND AGREED THAT REFERENCED PROPOSAL PROVIDES ONLY A SUMMARY OF THE INSURANCE PROGRAM OPTIONS OFFERED . THE ACTUAL POLICIES WILL CONTAIN THE COMPLETE TERMS , CONDITIONS, DEDUCTIBLES , EXCLUSIONS , ETCETERA . PLEASE REVIEW POLICY LANGUAGE FOR A FULL UNDERSTANDING OF PURCHASED PROGRAM . ________________________________ _______________________________ Member Signature Date ________________________________ Print Member Name SIGNED BINDING AUTHORITY TO BE RETURNED BY 09/15/2024 THIS DOCUMENT IN ITS ENTIRE TY IS CONFIDENTIAL & PROPRIETARY IN NATURE - NOT FOR PUBLIC RECORD. PROPERTY & CASUALTY COVERAGES PREMIUM BREAKDOWN BIND 2023 – 2024 2024 – 2025 % CHANGE YES NO PRM PROPERTY & C RIME $301,299 $306,973 PRM EQUIPMENT B REAKDOWN $3,110 $3,258 PRM GL/LEL/AL/E&O $315,931 $315,931 PRM WORKERS’ C OMPENSATION $114,941 $111,492 PREFERRED MEMBER PARTICIPATION CREDIT -$11,029 -12,924 GRAND TOTAL $724,251 $724,731 .07% OPTIONAL/ANCILLARY C OVERAGES CYBER LIABILITY INCLUDED INCLUDED POLLUTION LIABILITY N/A N/A AVIATION LIABILITY N/A N/A 28