Item E12BOARD OF COUNTY COMMISSIONERS
AGENDA ITEM SUMMARY
Meeting Date: November 16, 2005 Division: Management Services
Bulk Item: Yes X No
Department: Administrative Services/RiskMpg4ggrnent
AGENDA ITEM WORDING: Approval to accept renewal with Arthur J. Gallagher to provide Airport Errors
& Omisssions Insurance at an annual premium of $19,789.
ITEM BACKGROUND: Present policy expires 12/20/05. Provides coverage of $2 million per
claim/$2 million aggregate. Deductible is $100,00. Policy period will be 12/20/05-12/20/06. Cost is
$19,789.
PREVIOUS REVELANT BOCC ACTION: Approved current policy expiring on 12/20/2005.
CONTRACT/AGREEMENT CHANGES: The new renewal dates are 12/20/05-12/20/06. ACE has
agreed to renew the policy with the same terms, conditions and price as the expiring policy. Based on
current market conditions (that are typically producing 10% to 20% increase in premiums for policies of
this kind), it is believed that Gallagher has submitted a favorable proposal.
STAFF RECOMMENDATIONS: Approval.
TOTAL COST: �$19789
COST TO COUNTY: $19,789
BUDGETED: Yes X No
REVENUE PRODUCING: Yes No X AMOUNT PER MONTH yez
APPROVED BY: County Atty OMB/Purchasing Risk Management
DIVISION DIRECTOR APPROVAL:
TERESA AGUIAR
DOCUMENTATION: Included X To Follow Not Required
DISPOSITION: AGENDA ITEM #
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