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Reso 2014-2282
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Reso 2014-2282
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Last modified
1/8/2015 3:01:47 PM
Creation date
9/22/2014 11:31:29 AM
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CityClerk-Resolutions
Resolution Type
Resolution
Resolution Number
2014-2282
Date (mm/dd/yyyy)
09/18/2014
Description
PGIT for Commercial Package Policy, Workers’ Comp & Misc. Ins. for FY 2014/15.
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r-- <br />4ri <br />SUMMARY OF PROPOSED PREMIUMS <br />Exposure Changes <br />Attachment number I <br />Page 45 of 48 <br />General Liability Ratable Payroll Increased From $7,178,695 To $10,029,052 <br />yw 40% Increase <br />Workers Compensation & Public Officials /EPLI Payroll Increased From $11,206,089 To $14,692,149 <br />31 % Increase <br />Workers Compensation Experience Mod Reduction From 1.00 To .74 <br />60 <br />Total Property Insured Value Increased From $41,448,401 To $41,651,901 <br />Inland Marine Schedule Increased From $1,440,480 To $1,523,745 <br />iF' Payment Option: <br />Commercial Package: <br />Agency Bill: 50% Down Payment and Two additional installments of 25% <br />wo Workers Compensation <br />Direct Bill: 25% Down & 9 Equal Installments <br />A 25% Minimum Earned Premium applies to the following policies: <br />Commercial Package Policy <br />** This proposal includes a copy of the Amended Interlocal Agreement Creating the Preferred <br />Governmental Insurance Trust and Amendment A which was added effective October 1, 2013. <br />Quotation is Subiect To: <br />■ Signed PGIT WC application, Drug Free & Safety Applications <br />Initialed and signed PGIT POL /EPLI application <br />■ Signed applications (Florida Fraud Statement) <br />■ Signed UM form <br />■ Signed signature page <br />Quotation is valid for 30 days or until the effective date of the policy. <br />This proposal is based upon the exposures to loss made known to the Agency, and is for illustration only. Any <br />y changes in these exposures (i.e., new operations, new products, additional states of hire, etc.) need to be promptly <br />reported to us in order that proper coverage(s) may be put into place. All physical exposures insured by our <br />policies must be owned by the named insured. This proposal contains only a general description of the coverage(s) <br />and does not constitute a policy /contract. For complete policy information, including exclusions, limitations, and <br />conditions, refer to the policy document. <br />This proposal contains only a general description of the coverage(s) and does not constitute a policy /contract. For <br />iW complete policy information, including exclusions, limitations, and conditions, refer to the policy document. <br />This proposal is based upon the exposures to loss made known to the Agency. Any changes in these exposures • <br />(i.e., new operations, new products, additional states of hire, etc.) need to be promptly reported to us in order that <br />property coverage(s) may be put into place. Agenda Item No. I OA <br />,I <br />44 isI <br />r <br />
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