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9/28/2018 Item Coversheet <br /> conservative excess of loss insurance structure which provides PGIT <br /> members several levels of protection that reinsurance does not. <br /> PGIT's excess of loss policies list every individual member a named <br /> insured, giving every member direct access to the insurance company <br /> for payment of claims. <br /> Public Risk Underwriters (PRU), which is a premier insurance service <br /> organization for public entities and is part of Brown & Brown, is the <br /> underwriting group that tailors customized insurance services and <br /> products for the City. <br /> The City has had a Commercial Package Policy (Property, Casualty, <br /> and Auto) and Workers Compensation insurance coverage with PGIT <br /> since October 1, 2003. Prior to this date, from July 1, 2001 through <br /> October 1, 2003, insurance coverage was split between First Specialty <br /> Insurance for Property and Coregis Insurance for General Liability <br /> coverage and with the Florida League of Cities for Workers <br /> Compensation. <br /> FUNDING SOURCE: <br /> Funding is available in the 2-5132 (Risk Management) operating <br /> accounts for the Commercial Package Policy and funding is available <br /> in each department's 424000 (Workers Comp Insurance) account for <br /> the Workers Compensation Policy. <br /> ATTACHMENTS: <br /> Description <br /> Resolution <br /> Insurance Summary Table <br /> Item Number: 10.A. <br /> https://sunnyisles.novusagenda.com/AgendaWeb/CoverSheet.aspx?ItemID=2414&MeetinglD=141 2/2 <br />