Item C15BOARD OF COUNTY COMMISSIONERS
Meeting Date: July 15 2015
Bulk Item: Yes X No
AGENDA ITEM SUMMARY
Division: Employee Services
Department: Risk Me
LMKMAnmrrt nt
Staff Contact Person: Maria L. Slavik X3178
AGENDA ITEM WORDING: Approval to accept proposal for Renewal from Ace Property and
Casualty Insurance Company through Arthur J. Gallagher for Airport Liability Insurance at a cost of
$33,749.16, with staffsigning the necessary forms.
ITEMBACKGROUP D- Provides $100 million in liability insurance coverage for Airport
Operations (Key West and Marathon). The policy does not contain a deductible. Effective date
7/27/15-7/27/16.
PREVIOUS REVELANT BOCC ACTION: Coverage was previously bid on May 1, 2012.
CONTRACT/AGREEMENT CHANGES: Renew the Airport Liability Insurance with Ace
Property and Casualty Insurance Company through Arthur J. Gallagher. The proposed annual premium
has increased by $70.28 (less than lli'o).
STAFF RECOMMENDATIONS: Approval to accept proposal for Renewal from Ace Property and
Casualty Insurance at a cost of $33,555.00.
TOTAL COST: U3,555.00 INDIRECT S'T® -BUDGETED: Yes X No
COST TO COUNTY: 12145 ,00 SOURCE OF FUNDS: Enterprise Fund
REVENUE PRODUCING:
APPROVED BY: County
DOCUMENTATION:
DISPOSITION:
Revised 2/27/01
Yes X AMOUNT PER MONTH Year
4 io MB/Purchasing Risk Management'
Included X To Fall
Not Required 4�-
AGENDA ITEM #
MONROE COUNTY BOARD OF COUNTY COMMISSIONERS
CONTRACT SUMMARY
Contract with: Arthur J. Gallagher & Co Contract #_
-
--------------------------------- -
Effective Date: 7/27/2015
Expiration Date: 7/27/2016
Contract Purpose/Description: --------------------
Ai cart L,iabilit Renewal
Contract Manager: Maria Slavik 3178 Risk Mana Zement A#7 M
(Name) (Ext.) (Department/Stop
Agenda. Deadline: 6/30/2015
CONTRACT COSTS
Total Dollar Value of Contract: $ $33,555.00 Current Year Portion: $ 0
Budgeted? Yes [9 No Account —Codes: 403-63001-530-450-
—3 �—
Grant: �0
$ 3 501 5-30 �-50
County Match:$
ADDITIONAL COSTS
Estimated Ongoing Costs: $-----jyr For:
(Not included in dollar value above) (eg, maintenance, utilities, janitorial, sah
CONTRACT REVIEW
Changes
DAte In, Needed
Division Director (k#U/D Yes[] No[�]
I .. J �
Risk Management +1 1 - I Yes[:] NoE3'
O.M.B./Purchasing4 (01,31ir Yes[:] No4
County Attorney O 7 Z 5 Yes[-] NoRl-
Comments:
OMB Form Revised 2..-27,.'o 1 MCP 42
Date Out
Reviewer
INTERISK CORPORATION
Risk Management
Employee Benefits
Ms, Maria Slavik, CPM
Risk Administrator
Monroe County
1100 Simonton St,
Suite 268
Key West, Florida 33040
Subject: Renewal of Airport Liability Insurance
1111011111111131111
1111 North Westshore Boulevard
Suite 208
Tampa, FL 33607-4711
Phone (813) 287-1040
Facsimile (813) 287-1041
The County's Airport Liability policy expires on July 27, 2015. The policy is currently provided by ACE
Property and Casualty Insurance Company with limits of $100 million. The policy also contains various
sub -limits. Some of the more notable sub -limits are as follows:
> Personal Injury and Advertising $50 million
v- Fire Damage
$250,000
� Medical Expense
$25,000
> Excess Automobile Liability
$50 million
�- Excess Employers Liability
$50 million
It is not believed that any of the above sub -limits materially impacts the protection being purchased by the
County.
There are no deductibles associated with this policy. The annual premium for the current policy (7/27/14 —
7/27/15) is $33,484.72
ACE has agreed to renew the County's Airport Liability policy with terms and conditions consistent with
the expiring policy for an annual premium of $33,555.00 (including all fees and taxes). This represents an
increase in the County's premium of $70.28 (less than 1%).
Gallagher also submitted an alternative proposal from GEE Insurance Company with terms and conditions
consistent with the expiring policy. QBE's proposed premium was $39,972. Since GEE'S premium is
higher than the one being proposed by ACE with no enhancements of coverage, it is recommended that the
{SEE proposal be eliminated from further consideration.
It is believed that ACE's renewal proposal is attractive and it is recommended that the County renew its
Airport Liability Insurance Policy with ACE Property and Casualty Insurance Company, as being proposed
by Arthur J. Gallagher for the policy term 7/27115 to 7/27/16.
Please give me a call if you have any questions or wish to discuss this issue in more detail.
Emm
INTERISK CORPORATION
Sidney G. Webber
CPCU, ARM
CC: Teresa Agmar