09-04-18 September 2018 Item 10B- Renewal of liability and workers' compensation insurancesCITY OF ATLANTIC BEACH
CITY (C®MMffMON MEETING
S T'AFF R EPORT
AGENDA ITEM: Renewal of Liability and Workers' Compensation Insurance
SUBMITTED BY: Catherine Berry, Esq., Director of Human Resources co
DATE: September 4, 2018
BACKGROUND: There are currently two carriers that provide liability and workers' compensation coverage
for municipalities: Preferred Governmental Insurance Trust and Florida Municipal
Insurance Trust. The City uses Florida Municipal Insurance Trust for our Workers'
Compensation insurance and Preferred Governmental Insurance Trust (PGIT) for all other
liability coverages. We have received prompt and efficient service from both carriers and
they have provided exceptional renewal rates (two-year renewal for liability coverage), with
a budgeted increase in overall premiums for next year. In addition, the City Manager is
proposing to increase our liability coverage from $1,000,000 to $2,000,000, for a premium
increase of $34,702, which has been included in the budget.
Public Officials & Employment Practices Liability (EEOC Claims)
Auto
Workers' Compensation
Statutory Benefits: Accidental Death & Dismemberment
Environmental Legal Liability
Fiduciary Liability
Flood
BUDGET: Net premium increase for both carriers expected to be budgeted increase.
RECOMMENDATIONS:
1. Approve renewal of all liability insurances with Preferred Governmental Insurance Trust for 2018-
2019 and authorize the City Manager to sign all related renewal documents.
2. Approve renewal of our workers' compensation insurance with the Florida League of Cities for
2018-2019 in the amount of $190,639.00, and authorize the City Manager to sign all related
renewal documents.
REVIEWED BY CITY MANAGER: