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Reso 2007-1167
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Reso 2007-1167
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Last modified
1/7/2020 4:42:05 PM
Creation date
10/25/2007 4:36:10 PM
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CityClerk-Resolutions
Resolution Type
Resolution
Resolution Number
2007-1167
Date (mm/dd/yyyy)
10/18/2007
Description
Insurance Renewal w-Brown and Brown
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<br />COVERAGE <br /> <br />Commercial Package* <br /> <br />Property <br />Inland Marine <br />Crime Coverage <br />General Liability <br />Public Officials Liability <br />Employment Practices Liability <br />Law Enforcement Liability <br />Automobile Liability <br />Automobile Physical Damage <br />Workers' Compensation** <br /> <br />PREMIUM SUMMARY <br /> <br />INSURER AND BEST'S RATING <br /> <br />PREMIUM I <br />$655,292.00 <br /> <br />Preferred Governmental Ins. Trust <br />(Not Rated by A.M. Best) <br />Same as above <br />Same as above <br />Same as above <br />Same as above <br />Same as above <br />Same as above <br />Same as above <br />Same as above <br />Same as above <br />Preferred Governmental Ins. Trust <br />(Not Rated by A.M. Best) <br /> <br />288,870.00 <br />18,908.00 <br />1,531.00 ' <br />40,390.00 <br />55,789.00 <br />23,880.00 <br />51,000.00 <br />158,733.00 <br />16,191.00 <br />$266,221.00 <br /> <br />TOTAL <br /> <br />$921,513.00 <br />$46,166.70 <br /> <br />Option to include Terrorism Coverage, as defined by the Federal <br />Terrorism Act 2002, in the Property. <br /> <br />*This Coverage Agreement shall be 25% minimum earned as of the first day of the <br />"Coverage Period". <br />** This Coverage Agreement premium shall be pro-rated as of the first day of coverage <br />from the minimum policy premium. <br /> <br />OPTIONS: <br /> <br />1. GL Deductible Options: <br />a. $5,000 Deductible - $39,694 Annual Premium <br />b. $10,000 Deductible - $38,997 Annual Premium <br />2. POLlEPLI Deductible Option: <br />a. $10,000 Deductible - $70,511 Annual Premium <br />3. Workers' Compensation Deductible Option: <br />a. $0 Deductible - $279,365 Annual Deposit Premium <br /> <br />AUDITS: <br /> <br />The General Liability and Automobile coverages are not subject to year-end audit <br />or adjustment. Therefore, there would not be any additional premiums for <br />increased liability exposures or additional vehicles purchased during the policy <br />year. <br /> <br />22 <br />Brown & Brown of Florida, Inc. <br />
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