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In sum, staff recommends renewal of the Brown & Brown/Preferred Governmental Insurance Trust <br />(PGIT) proposal for the Package Policy and Workers Compensation and miscellaneous insurances as <br />attached. <br />ADDITIONAL INFORMATION: <br />The City currently has Commercial Insurance Package (Property, Casualty, and Auto) and Workers' <br />Compensation insurance through PGIT which is a premier insurance organization for public entities and <br />is a non -assessable Trust approved by the Florida State Legislature. The PGIT board of trustees has <br />elected to purchase an extremely conservative excess of loss insurance structure which provides PGIT <br />members several levels of protection that reinsurance does not. PGIT's excess of loss policies list every <br />individual member a named insured, giving every member direct access to the insurance company for <br />payment of claims. <br />Public Risk Underwriters (PRU), which is a premier insurance service organization for public entities and <br />is part of Brown & Brown, is the underwriting group that tailors customized insurance services and <br />products for the City. <br />The City has had a Commercial Package Policy (Property, Casualty, and Auto) and Workers <br />Compensation insurance coverage with PGIT since October 1, 2003. Prior to this date, from July 1, <br />2001, through October 1, 2003, insurance coverage was split between First Specialty Insurance for <br />Property and Coregis Insurance for General Liability coverage and with the Florida League of Cities for <br />Workers Compensation. <br />FUNDING SOURCE: <br />Funding is available in the 2-5132 (Risk Management) operating accounts for the Commercial Package <br />Policy and funding is available in each department's 424000 (Workers Comp Insurance) account for the <br />Workers Compensation Policy. <br />ATTACHMENTS: <br />Resolution <br />2025 Summary of Proposed Premiums <br />Item Number: 9.J <br />378 <br />