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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 />PREMIUM COMPARISON <br /> <br /> EXPIRING INSURER AND EXPIRING RENEWAL <br />COVERAGE BEST'S RATING PREMIUM PREMIUM <br />Commercial Package Preferred Governmental $ 586,787.76 $ 655,292.00 <br /> Insurance Trust <br /> (Not Rated by A.M. Best) <br />Property Same as above $ 234,226.76 $ 288,870.00 <br />Inland Marine Same as above $ 18,852.00 $ 18,908.00 <br />Crime Coverage Same as above $ 1,531.00 $ 1,531.00 <br />General Liability Same as above $ 30,837.00 $ 40,390.00 <br />Public Officials Liability Same as above $ 50,000.00 $ 55,789.00 <br />Employment Practices Liability Same as above $ 26,100.00 $ 23,880.00 <br />Law Enforcement Liability Same as above $ 51,000.00 $ 51,000.00 <br />Automobile Liability Same as above $ 158,733.00 $ 158,733.00 <br />Automobile Physical Damage Same as above $ 15,508.00 $ 16,191.00 <br />Workers' Compensation Preferred Governmental $ 304,171.00 $ 266,221.00 <br /> Insurance Trust <br /> (Not Rated by A.M. Best) <br /> TOTALS $ 890,958.76 $ 921,513.00 <br /> <br /> <br />Coverage Differences in Renewal Quote: <br /> <br />Property TIV increased from $19,160,000 to $26,410,000 (38% Increase) <br />Work Comp Experience Mod decreased from .90 to .83 <br />Total Payroll increased from $8,005,064 to $9,218,027 (15% Increase) <br /> <br /> <br />24 <br />Brown & Brown of Florida, Inc. <br />
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