Item P11
BOARD Of" COUNTY CO~MlSSIONERS
AG ENDA ITEM SUMMARY
Meeting Dale: June 15, 2005
Division: Management Services
Bulk Item: Yes ~
No
Department: COUDty_Auo rntO'
AGENDA ITEM WORDING: Approval for Purchase of Airport Liability insurance with Ace USA
through Arthur J. Gallagher and Company_
ITEM BACKGROUND; Provides. $50 million in liability insurance coverage for Airpon Operations
(Key West and Marathon). Per Monroe Cuunty purchasing policy this coverage wa~ pul out for bids
with incumbent providing lowest proposaL Increase Liabi~ty $50,000,000 excess of $50,000.000 -
Totallimir $100.000,000 Separate Policy with LJoyds of London at an Annual Prcm.iwn of$26. 875.
Effective date 7/27/05-7/17/06.
PREVIOUS REVELANT BOCC ACTION: Approved current coverage \',"lth thL<; carrier effective
7/27/04.
CONTRACT/AGREEMENT CHANGES~ Prc.lmium hru,; Increasd from $45,400 lo $48.946 or 8%-
Additional premium of $26,&75 for Separate JXl liey to increase Liabijjty $50,000,000 excess ('If
$50,000,000 t()r a total limit of $1 00,000,000.
STAFF RECOMMENDATIONS~ Approval
TOTAL COST: $.7~,fn 1
BlJOGETED: Yes ----.X.- No
COST TO COUNTY: $7,5,821
REVENUE PROD(lCING: Yes No X AM~~NT PER MONTH Year
APPROVED BY: County Any _ OJ\.1B/Pu~ _ Risk tdanage:meJlt
DIVISION DIRECTOR APPROVAL: ~. .<r>~~N---;;p, ~J
J~INS '
DOCUMEl'Il'TATION: Included ~ To FoUow_ I\-ot Required _
DISPOSITIO~:
AG F.~DA nEM #
\fO~ROL COl'~ ry BOARO OF COtl~TY CU!'.'I'yHSSlO~U":S
CU~TRAC I SU\1MARY
C cH1lrw.::l \vilh:
Arthur J. Gallagher &. Co
CDntract ~
Lffc~t jvc I late:
Expiration Dall.:~
7i~7/05
T2 7.-'2006
C ontmct Purp0sc/Lk'scription:
:\irport L iabiliI:' R~'r1..:::wal
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J LJ!1C 15. .::!005
Agenda D~adtinc: 5-3]-2005
cor-.; TR ..\CI" COS rs
'1 mal 1 )0 liar Vctlut.." L~fl\lntr3.ct: S $75JC~ I
Budgeted? Y~s(SJ No D Al.::count Code,::
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Count: Match: 'f;
. C~~l..:ar Portion: 'l:;
404-~=530-450-
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::'IT For: _________ _.._.___
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