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cFrY <br />OF SOA <br />City of Sunny Isles Beach <br />18070 Collins Avenue <br />Sunny Isles Beach, Florida 33160 <br />(305) 947-0606 City Hall <br />(305) 949-3113 Fax <br />MEMORANDUM <br />TO: Honorable Mayor and City Commissioners <br />VIA: Stan Morris, City Manager <br />FROM: Makia Curry, H R & Risk Management Director <br />DATE: September 18, 2025 <br />RE: Renewal of Property, Casualty, Auto, Workers Comp Insurance with Brown & <br />Brown/Preferred Government Insurance Trust (PGIT) <br />RECOMMENDATION: <br />Staff recommends approval of this resolution. <br />REASONS: <br />It is recommended that the City Commission approve the attached resolution to renew the City's <br />Property, Liability, Auto, and Workers Compensation insurance with the Preferred Government <br />Insurance Trust (PGIT) and/or Brown & Brown Insurance for the period of October 1, 2025 through <br />September 30, 2026 in an amount not to exceed $2,200.00.00. <br />The renewal premium for the Commercial Package Policy (Property, Liability, and Auto) and Workers <br />Compensation is $2,129,357.00 which is $178,044.00 more than last year ($1,951,313). The <br />contributing factor for the premium increase is due to workers' comp claims, payroll and the addition of <br />new city vehicles and/or equipment. <br />Additionally, staff is allocating $70,843 for deductibles, additional flood policies and additional <br />premiums expected upon the completion of capital projects, which will be added to the property <br />insurance during the upcoming fiscal year. <br />Staff worked closely with Brown & Brown to review possible courses of action to reduce premiums to <br />include increasing our deductibles in certain coverage and the feasibility of self-insurance in areas that <br />we as a City have had good claims experience. Based on the available options, renewal with PGIT with <br />the coverage and terms indicated is our best, most cost effective, option. <br />Item Number: 9.J <br />377 <br />