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Reso 2023-3548
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Reso 2023-3548
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Last modified
9/12/2024 4:28:06 PM
Creation date
10/2/2023 1:31:57 PM
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CityClerk-Resolutions
Resolution Type
Resolution
Resolution Number
2023-3548
Date (mm/dd/yyyy)
09/21/2023
Description
PGIT for Commercial Package Policy, Workers’ Comp & Misc. Ins. for FY 23/24
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The City of 5uml Wes Beach 2023 lnsmu•ance Renewal <br />Year Over Year Exposure Changes <br />Coverage <br />Current Carrier <br />Expiration Date <br />2022 Premium <br />2023 Renewal <br />% Change <br />Property <br />PGIT <br />10/1/2023 <br />$664,022 <br />$781,891 <br />18% <br />Liability Package: <br />PGIT <br />10/1/2023 <br />$511,527 <br />$554,352 <br />8% <br />Auto <br />PGIT <br />10/1/2023 <br />$139,883 <br />$153,936 <br />10% <br />Inland Marine <br />PGIT <br />10/1/2023 <br />$8,872 <br />$19,638 <br />121% <br />Crime/Fidelity <br />PGIT <br />10/1/2023 <br />$1,634 <br />$1,765 <br />8% <br />Workers Compensation <br />PGIT <br />10/1/2023 <br />$354,644 <br />$291,089 <br />-18% <br />Government Crime <br />Fidelity & Deposit Co <br />10/1/2023 <br />$500 <br />$500 <br />0% <br />Marine Hull <br />RLI Insurance <br />10/1/2023 <br />$3,300 <br />$11,538 <br />250% <br />Sponsored Student Activity <br />Gerber Life Insurance <br />10/1/2023 <br />$20,617 <br />$22,000 <br />7% <br />Plate Glass <br />USPlate Glass <br />10/1/2023 <br />$24,752 <br />$24,680 <br />0% <br />$1,729,751 <br />$1,861,389 <br />8% <br />Coverage <br />Exposure Changes <br />2022 <br />2023 <br />Percent Change <br />Property <br />(TIV) $66,422,439 <br />$78,219,685 <br />18% <br />Liability Package: <br />(Payroll) $14,369,316 <br />$14,926,706 <br />4% <br />Auto <br />(Vehicles) $6,083,086 <br />$6,978,564 <br />15% <br />Inland Marine <br />(Equipment) $1,825,300 <br />$5,268,337 <br />189% <br />Workers Compensation <br />(Payroll) $20,453,000 <br />$21,715,000 <br />6% <br />Marine Hull <br />(Equipment) $160,000 <br />558,454 <br />249% <br />63 <br />
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