Resolution No. 23-43RESOLUTION NO. 2343
A RESOLUTION OF THE CITY OF ATLANTIC BEACH, FLORIDA, APPROVING
RENEWAL OF ALL LIABILITY INSURANCES AND WORKERS'
COMPENSATION INSURANCE WITH PREFERRED GOVERNMENTAL
INSURANCE TRUST FOR FISCAL YEAR 2023-24; AUTHORIZING THE CITY
MANAGER TO EXECUTE CONTRACTS AND PURCHASE ORDERS IN
ACCORDANCE WITH AND AS NECESSARY TO EFFECTUATE THE
PROVISIONS OF THIS RESOLUTION; AND PROVIDING AN EFFECTIVE DATE.
WHEREAS, the City of Atlantic Beach currently has a contract in place with the Preferred
Governmental Insurance Trust (PGIT) for general liability and workers' compensation insurances; and
WHEREAS, the City's insurance broker, Gallagher (formerly Harden and Associates), received a
satisfactory renewal proposal from PGIT; and
WHEREAS, the option provided by PGIT for all lines is preferable to the City for several reasons,
including the rate quotes, the positive on-going working relationship, the fact that PGIT provides full prior
acts coverage for Public Officials and Employment Practices Liability coverage and the PGIT program now
provides $1,000,000 of Deadly Weapons Protection including sub -limits of coverage for Crisis
Management, Counseling Services and Funeral Expenses; and
WHEREAS, this option represents a 33% increase ($239,518.18) in premiums from the expiring
policies (excluding flood insurance, which is pending and expected to increase 10% for a total premium of
about $15,180); and
WHEREAS, this is predominantly based on the fact that our buildings and equipment were
overwhelmingly undervalued, as evidenced by the results of an appraisal done earlier this year.
NOW THEREFORE, be it resolved by the City Commission of the City of Atlantic Beach as
follows:
SECTION 1. The City Commission hereby approves renewal of all lines of liability insurances and
workers' compensation insurance with Preferred Governmental Insurance Trust.
SECTION 2. The City Commission hereby authorizes the City Manager to execute and contracts
and purchase orders in accordance with and as necessary to effectuate the provisions of this resolution.
Attest:
SECTION 3. This Resolution shall take effective immediately upon its passage and adoption.
PASSED AND ADOPTED by the City of Atlantic Beach, this 25th day of September, 2023.
Curtis Ford, Mayo
Donna L. Bartle, City Clerk
Approved as to form and correctness:
Jason el, Attorney