Resolution No. 19-55RESOLUTION NO. 19-55
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 2019-2020, AND
AUTHORIZING THE CITY MANAGER TO EXECUTE THE
MEMORANDUM OF UNDERSTANDING.
WHEREAS, the City of Atlantic Beach currently has a contract in place with the Preferred
Governmental Insurance Trust (PGIT) for general liability insurances; and
WHEREAS, the City of Atlantic Beach currently has a contract in place with the Florida
Municipal Insurance Trust (FMIT) for workers' compensation insurance; and
WHEREAS, the City's insurance broker, Harden and Associates, submitted RFP's to both
Trusts for all lines general liability and workers' compensation insurances; and
WHEREAS, both Trusts responded with very competitive options; and
WHEREAS, the option provided by PGIT for all lines is preferable to the City for several
reasons, including the two-year rate guarantee, 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;
WHEREAS, this option represents a 23.4% reduction ($125,250) in premiums from last
year (excluding flood insurance, which is still pending, but is expected to increase 10% for a total
premium of about $11,000), and a 30.7% reduction ($181,250) in what was budgeted for this year's
premiums (again, excluding flood);
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 sign all related
renewal document.
2019.
Attest:
PASSED AND ADOPTED by the City of Atlantic Beach, this 23rd day of September,
osi/z6
Donna L. Bartle, City Clerk
1
Ellen Glasser, Mayor
Approved as to form and correctness:
M. Durden, City Attorney