Item 8B Renewal of Liability and Workers Comp InsuranceAGENDA IT EM:
SUBM ITTED BY:
DATE:
BA C KGROUND :
BUDGET:
CITY OF ATLANTIC BEACH
CITY COMMISSION MEETING
STAFF REPORT
Renewa l of Liability and Worker s' Compe nsa ti on In surance
Catherine Berry, Esq., Director of Human Re sources C _0
Augu s t 26, 20 15
AGENDA ITEM ff 80
Sl!:1'1'EMDER 14, 2015
There are currently two carriers that provide liabilit y and wo rk ers' compensal ion coverage for
municipalities: Preferred Governmental In surance Trust and Florid a Municipal In surance
Trust. Our insurance broker, Harden a nd Associates. go r bids from both carr iers two yea rs ago
ancl th e C ity chose Florid a Municipal Jn surance Trust for our Workers' Com pensation
in surance and Preferred Governmen tal In surance Tmst (PGIT) for all oth er li ab ilit y coverages.
We have received prompt and efficient se rvice from both catTie rs and they have provi ded
excep ti onal renewal rate s, with a slight (I %) net decrease in overall premiums for next year.
Public Officials & Emp loyme nt Practices Liability (EEOC C laims)
Auto
Workers ' Compe nsa tion
Statutory Benefits: Accidenta l Death & Dismcmbcnnent
Env ironmenta l Lega l Liabil ity
Fiduci ary Liabi lit y
Flood
Net premium decrea se ofjust over I% for li ability and workers' compensalio n insurance, for a
total premium decrea se of $4,982.3 1 (1i·om $432,987.31 in 2015 to $428,005.00 in 20 16).
RECOMMENDATIONS:
I. Approve renewal of a ll li ab ili ty insurances wit h Preferred Governmental Insurance Trust for 2015-
20 16 in the amo unt of$435,625.00, to include llardcn's broker fee and auth o ri ze the City Manager
to sign all rela ted renewal do cument s.
2. Approve renewal of our workers' compensation in suran ce with the Florida League o f C itie s lor
20 15-2016 in the amount of $12 1,41 1, and authorize th e City Manager to s ign all related renewa l
documents.
REV IEWED BY CITY MANAGER :~U,..,,;iuL