Item C02
BOARD OF COUNTY COMMISSIONERS
AGENDA ITEM SUMMARY
Meeting Date: March 15, 2006
Division: Employee Services
Bulk Item: Yes X- No
Department: Risk Management
Staff Contact Person: Maria L. Slavik
AGENDA ITEM WORDING: Approval to accept proposal from Arthur J Gallagher &
Company to provide Liability Insurance for Bayshore Manor with Lantana Insurance Company
at a cost of $16,307.
ITEM BACKGROUND: This proposal provides insurance coverage for General Liability and
Wrongful ActsNicarious Liability for abuse as required to maintain our State of Florida Assisted
PREVIOUS RELEVANT DOCC ACTION: Approved proposal from Arthur .J. Gallagher &
Company in 2003 providing insurance coverage.
CONTRACT/AGREEMENT CHANGES: : Lantana Insurance Company is the same company
as last year. Policy period is 4/30/06-4/30/07. Premium is increased by $1,478 or 10%.
STAFF RECOMMENDATIONS: Approval
TOTAL COST: $16,307
BUDGETED: Yes ~ No
COST TO COUNTY: $16.307
SOURCE OF FUNDS:
REVENUE PRODUCING: Yes
No-X. AMOUNTPERMONTH_ Year
APPROVED BY: County Atty. ~ OMB/Purchasing X
Risk Management _X_
DIVISION DIRECTOR APPROVAL:
~GUlAR
DOCUMENTATION:
Included
Not
MONROE COUNTY BOARD OF C01JNTY COMMISSIONERS
CONTRACT SUMMARY
Contract with:
Arthur J. Gallagher & Co Contract #_
Effective Date:
Expiration Date:
4/30/06
4/30/2007
Contract PurposelDescription:
Ba shore Manor Renewal
Contract
Maria Slavik
(Name)
3178
Risk
(Department/Stop #)
for BOCC meetin on
3-15-06
A enda Deadline: 2-28-2006
CONTRACT COSTS
Total Dollar Value of Contract: $ $16,307 Current Year Portion: $
Budgeted? Yesl25J No D Account Codes: 503-08502-530-450-_
Grant: $ _-_-_-_-_
County Match: $ _-_-_-_-_
- - - -
------
ADDITIONAL COSTS
Estimated Ongoing Costs: $-"yr For:
(Not included in dollar value above) (eg. maintenance, utilities, janitorial, salaries, etc.)
CONTRACT REVIEW
Division Director
Changes
Date In Needed.-/'
Q .fY7.(X, YesD No~
Date Out
County Attorney
YesDNQJa
YesDNoD
YesDNoU
Q ''2;/-0''
Risk Management
O.~B.lPurChaSing
/ /
Comments:
I NTERISK
CORPORA TION
Risk Management
Employee Benefits
1111 North Westshore Boulevard
Suite 208
Tampa, FL 33607-4711
Phone (813) 287-1040
Facsimile (813) 287-1041
Consultants
February 23, 2006
Ms. Maria Slavik
Monroe County
502 Whitehead St.
Key West, Florida 33040
Subject: Renewal of General Liability and Professional Liability Insurance for Bayshore Manor
Dear Maria:
A copy of Arthur 1. Gallagher's proposal for the renewal of Bay shore Manor's General and Professional
Liability insurance that expires on April 30, 2006 has been received and reviewed.
The current annual premium of these policies is $14,829. It appears as if GaUagher is proposing to renew
these policies with the same insurers and with terms and conditions that are consistent with the expiring
policies for an annual premium of$16,307. This represents an increase of$I,478 (10%). Based on the
limited number of insurers with the resources and desire to provide the necessary coverages at Bayshore, it
is believed that Gallagher has submitted an attractive renewal proposal. It is therefore recommended that
the County renew the coverages at Bayshore as proposed by Arthur 1. Gallahger.
As always, please do not hesitate to call if you have any questions.
Cordially,
INTERISK CORPORA nON
Sidney G. Webber
CPCU, ARM
cc: Teresa