HomeMy WebLinkAboutReso 2001-337
RESOLUTION NO. 2001-33:1
A RESOLUTION OF THE CITY COMMISSION OF THE CITY
OF SUNNY ISLES BEACH, FLORIDA, AWARDING A BID TO
BROWN AND BROWN/COREGIS INSURANCE GROUP, FOR
COMPREHENSIVE INSURANCE AND BROKERAGE
SERVICES; AUTHORIZING THE CITY MANAGER TO AWARD
BID TO SAID COMPANY AND NEGOTIATE INSURANCE
AGREEMENT; PROVIDING FOR AN EFFECTIVE DATE.
WHEREAS, the City noticed Request for Proposals No. 01-03-01 for qualified
Insurance Brokers capable of providing comprehensive scope of services, which bids were
opened on May 18, 2001; and
WHEREAS, the City performed an exposure analysis of the current insurance program
and found that the City needed to improve its insurance coverage in the area of defending public
officials, police officers, and general liability due to the growth of services in the City; and
WHEREAS, five brokers responded with only two brokers providing insurance company
quotations; and
WHEREAS, the two brokers were Brown & BrownfCoregis Insurance Company and the
Mack Group/St. Paul Fire & Marine Insurance Company, and both insurance companies are rated
"A" by A.M. Best Rating Service; and
WHEREAS, the following coverages which are attached as Exhibit "A" were presented
in the approximate amounts to the City of Sunny Isles Beach by Brown & BrownfCoregis
Insurance Group:
. General Liability
. Property Insurance
. Crime
. Flood
. Glass
. Auto
. Public Officials
. Law Enforcement Liability
. Brokerage Service Fee
. Umbrella
. Total
. Workers Compensation
. Grand Total
$ 23,918
16,988
2,219
1,952
1,230
49,690
24,840
(Included Duty to Defend)
(Included under General Liability)
17,508
28,639
$166,984
$213,928
$380,912
WHEREAS, the City retained Insurance Consultants Services, Inc. to perform a detailed
review and analysis of the proposals and has yielded a recommendation for Brown &
BrownlCoregis Insurance Company proposal.
Comprehensive Insurance and Brokerage Services
6/15/01 12:10 PM
1
NOW THEREFORE, BE IT RESOLVED BY THE CITY COMMISSION OF THE
CITY OF SUNNY ISLES BEACH, FLORIDA, AS FOLLOWS:
Section 1.
reference.
Incorporation of Recitals. The recitals set forth above are incorporated herein by
Section 2. Authorization of City Manager. The City Manager is hereby authorized to award the
bid to Brown & BrownlCoregis Insurance Company, to negotiate an agreement with the
insurance carrier providing that the City Attorney review such agreement for form and legal
sufficiency.
Section 3..
Effective Date. This Resolution will become effective upon adoption.
ATTEST:
02~-J~fv\tM U'"
Richard Brown-Morilla, City Clerk
~~:~~r~y: ~~~~~~~
Vote: 5-0
Mayor Samson
Vice Mayor Kauffinan
Commissioner Iglesias
Commissioner Morrow
Commissioner Turetsky
V(Yes)
L./(Y es)
~(Yes)
v(Yes)
V (Yes)
_(No)
_(No)
_(No)
_(No)
_(No)
Comprehensive Insurance and Brokerage Services
6/15/0111:10AM
2
I1'V1S
Exhibit "A!'
BROWN BROWN MACK GROUP
COVERAGE COREGI8 INSURANCE CO. ST. PAUL INSURANCE CO.
GENERAL LIABILITY 523.918.00 530,281.00
PROPERTY INSURANCE $18,988.00 S20,OOQ.$25,OOO
CRIME 52,219.00 $6,416.00
FLOOD $1,952.00 INCLUDED WITH PROPERTY INS.
GLASS $1.230.00 INCLUDED WITH PROPERTY INS.
AUTO $49,890.00 $45,335.00
PUBLIC OFFICIALS $24,840.00 $11,733.00
LAW ENFORCEMENT LlABILtlY INCLuDeD UNDER GENERAL $19,153.00
LIASILIlY
SERVICE FEE $17,508.00 $0.00
UMBRELLA $28,639.00 $30,488.00
TOTAL 5188,.....00 1183,401-$188,405
WORKERS' COMPENSATION $213,928.00 "5213,209 AT 30% lOSS RATIO
$274,183 MAXIMUM COST
GRAND TOTAL 1380.812.QO $31',6144442,588
PROPOSl:D A RETROSPECTIVE RATING PROGRAM. THE PREMIUM IS DEPENDENT UPON
LOSS EXPERIENCE. ABOVE 30% LOSS RATIO PREMIUM RISES UNTIL A MAXIMUM OF 80%. AT
80% AND ABOVE PREMIUM IS $274,183 MAXIMUM.