Item C44
BOARD OF COUNTY COMMISSIONERS
, AGENDA ITEM SUMMARY
Meeting Date: September 18.2002 Division: Management Services
Bulk Item: Yes ~ No - Department: Administrative ServiceslRiskManagement
AGENDA ITEM WORDING: Approval to accept renewal from Florida Municipal Insurance Trust
Agreement #386 at a net annual premium of $198,631 to be paid in quarterly installments of $66,210 to Florida
League of Cities. First installment due on October 15, 2002. This is the third and final renewal.
ITEM BACKGROUND: This program provides $5,000,000 excess liability insurance over the County's
$100,000 Self-Insured Retention for General, Public Officials and Automobile Liability Claims. Also provides
auto physical damage and Ambulance Attendants Medical Malpractice Coverage.
PREVIOUS REVELANT BOCC ACTION: Awarded bid to Florida League of Cities, Inc.
9/20/2000 at an annual premium of$155,496.
-
CONTRACT/AGREEMENT CHANGES: This represents a 27% increase over the 2001/2002
premium. The total increase is $43,135. The new renewal dates are 10/1/02-9/30/03.
STAFF RECOMMENDATIONS: Approval.
TOTAL COST: $198.631 BUDGETED: Yes ---1L No -
COST TO COUNTY: $198.631
REVENUE PRODUCING: Yes - No-X AMOUNT PER MONTH - Year
-
APPROVED BY: County Atty _ OMB/Purchasing _ Risk Management _
1 t; - ~~
DMSION DIRECTOR APPRO V AL: .)J/f ~ ~-
I JAMES L. ROBERTS
DOCUMENTATION: Included -X- To Follow Not Required _
DISPOSITION: AGENDA ITEM # r-:: ~y
Revised 2/27/01
P:FJ/ V:Jt LtJtJ.: J.tI;LtI tl.l.J':1:l (J. tl4J. J.NI~f'(J.~K r-'Al;J~ tJL
.
INTERISK CORPORATION
COII5U1tanu 1111 North WcmIIore Boulevard
Suite 208
Risk~ Tampa. PL 336074711
Employee 8cDdi1S Phone (113) 287.1040
PIC8imiIe (113) 287-1041
August 6, 2002
Ms. Maria Slavik
R.i. ~~ Spccialild
Maaroe COIUIIy
1100 SiIDOftlml Sttcct
Suite 2611
Key West, Florida 33040
Subject: GencnllVcbic:lc Liability R.cncwal
Dear Maria:
-
Auacbt:d is the Florida League', raICWlIJ propolSIl for the CowIay'I Gene'" and Vehicle LiIIbiIiIy
iDIuaDcc for die period ofOdober 1,2002 to September 30, 2003. III addition, the...... iJrdudel
aJVer.IF for the PbysicaI Damqe iDtuI'aIMz. IIIII\Ie amfirmal with Mr. ByoD Bald ~ cbc Lcapc. that
the reacwaI GIMnpIUlil ~ 10 expiriftg policy. FollowiDa is a COIlIp8riIoD _the C1II'NDt
pnIII1IID lad die popuedd 200212003 IJI'OBoMk.
COverqe 200112002 200212003 IDcreaIe Pen:at c.a,e
Pft:miwn Premium
0ederaI LiIbi $84 537 $112 359
Vehicle LiIbi . S52m $16.0"
sn 982 $10 216
T.... StS! " $1 1
While this Kprc_ alipifiCMt i8cl'eUc in tbe premium the Coanry will ba\le 10 PlY DCXt year, maay
orpaialioal are aperitDeiallipjftcamly bipcr iJac lies It is not beUevcct tbIl the ec...y would be
5IIIXIeI&fiIl in Mbinil\glimilar covaap . . lower price. It is tbcn:ftHe .rocol1llllClMlad dIIl_ Cowty
.cccpt the Florida League of Cities renewal fOr the 1IpClOIIIiq year.
M .ways, p'- do not bcsiuIc 1.0 call if you have any questioaI.
Cordially,
INIERJSK CORPORATION
Ad
Sidney G. Wcbbet
CPCU, ARM
08/06/2002 15:34 8132871041 INTERISK PAGE 02
fl'.J(j'1l6-2~02 rUE 02:43 p~ FLORIDA lE'{IGUE QF cnlES l;AX NO. 407 31"T 7]81 P. 01
.... RE CEJVED AU' - 6 ZIII2
1..;(}tUlM t.':"C.UI; 0.. crrlES. INC.
P"hlic Rl5l, ~.nicf!~
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(>>rh....",,, J211~!;ll<<J6~
RENE.WAL QUOTE FOR 2002-2003
Monroe County Soard of County Commissioners
co,,~~~ Self l,nsurea R~\!Qn Llmit fremium
General!Profess.iontllUability $100,000 $5,000,000 $140.574 -
AtltOOlobila Liability $10a,OOO $5,000,000 $95,15<4
AlJt~mob,le PhY5icilI Oaln3l)(f Per Schedule $12,182
Property N/A
Wurke"r,' Co:"pensacio(l N/A
'ro.rAl PHEMll;M $248,510
INCENlIVf. CREDIT $49 819
lOfAL l'lf~T r'REMlllM $198,631
R. ~fAqO AU" . ~ 2C)}
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