Agenda Item 8C - Renewal of Liability & Workers Comp InsuranceAGEND A ITEM:
SVBMITIED BY:
DATE:
BAC KG ROUN D:
B UD GET:
C ITY OF ATLANTIC BEACH
CITY COMMISSION MEETING
STAFF REPORT
Renewal of Liabi lity and W orkers' Co mpensa ti on In surance
Ca th erin e Berry, Es q., Director of Hum an R esources ~
Au g us t 19, 2014
AGENDA I TEM #8C
SEPT EM llE R 8, 20 14
T here are curre n t ly two carri er s th at· prov ide liability and w orkers' co mpensa tion co verage f or
muni c ipaliti es: Preferred Gove rnm ent a l lns ur a nl.ie Tru st and Fl orid a Muni ci pa l Ins uran ce
Tru st. Our in s urance broker, llard e n and Assoc iates, got bid s fr o m both carri ers la st year and
th e Ci ty chose I'l orida Munic ipa l In suran ce Tru st for our Wo r ke rs' Co mpensat ion in s ura nce
Hnd Preferred Governrn entHi ln surance T ru st (PO IT) for all oth er li abili ty cove rages . We have
rece i ved pro mpt and effici en t service from both carriers and th ey ha ve p rovided exce ptional
renewa l rates, fo r an overall premium increase ofjustu nde1· 3% f o r next year.
P ubli c O ffi cia ls & Empl oyment Practi ces Li ability (EEOC Claims)
A uto (we added II ca rs thi s yea r)
Wor ke rs' Co mp ensa tio n
Statut ory Benefit s: Acc id ent a l Death & Di sme mb erm ent
Environm ent a l Lega l Liabil ity (three yea r pr emiu m paid in full )
Fi du ciary Li abilit y
Floo d
Pre mium in c rease o f just und er 3%, for a to ta l prem ium in crease of $11,80 7.49 (fr o m
$42 6,447.82 in 20 14 t o $43 8 ,25 5.31 in 2 0 15).
RECO MME ND ATI ONS:
I. Appro ve re newa l of a ll li a bili ty and wo r ke rs' co mp ensati on in s uran ces for th e nex t yea r.
2. Autho ri ze C ity Man ager to s ign rela ted in s urance renewa l doc um ents.
RE VI EWE D BY CITY MA NAGER : --n~ a(Ud.,