Item C12BOARD OF COUNTY COMMISSIONERS
AGENDA ITEM SUMMARY
Meeting Date: September 20, 2006 Division: Employee Services
Bulk Item: Yes X No _
Department: Risk Management
Staff Contact Person: Maria L. Slavik
AGENDA ITEM WORDING: Approval to accept renewal with VFIS to provide Portable Equipment
and Emergency Apparatus Insurance at a premium of $50,040 to be paid in four quarterly payments.
ITEM BACKGROUND: See Attached Memo
PREVIOUS REVELANT BOCC ACTION: Accepted original proposal 9/17/2003. This is third year
renewal.
CONTRACT/AGREEMENT CHANGES: This represents a decrease of $4,865 or 9.7%
STAFF RECOMMENDATIONS: Approval.
TOTAL COST: $50,040
COST TO COUNTY: $50,040
BUDGETED: Yes X No _
REVENUE PRODUCING: Yes No X AMOUNT PER MONTH Year
APPROVED BY: County Atty X OMB/Purchasing X Risk Management X
DOCUMENTATION: Included X To Follow Not Required
DISPOSITION:
Revised 2/27/01
AGENDA ITEM #
C
)UNI-YSMONROE
KEY WEST FLORIDA 33040
(3os)294-4641
TO: Board of County Commissioners
Monroe County
THRU: Teresa E. Aguiar
Employee Services Divisio
''1
FROM: Maria L. Slavik£_0a-'
Risk Administrator
DATE: September 5, 2006
HOARD OF COUMN COMFQSHONERS
�-••— Mayor Charies "Sonny' McCoy, District 3
Mayor Pro Tern Dhde M. Spehar, District 1
Gorge Neugwt, District 2
Mario DiGnnaro, District 4
!r Glenn Patton, Dictrict 5
SUBJECT: Insurance Renewal — with VFIS (Volunteer Fire Insurance Service)
Portable Equipment and Emergency Damage
This item request approval to accept renewal with VFIS to provide Portable Equipment and Emergency
Apparatus Insurance at a premium of $50,040 to be paid in four quarterly payments.
The Consultant has advised us that both of these policies are unique and offer protection not normally
available from other insurers. It is understood that VFIS has indicated that the premiums for the 2006/07
policy year be as follows:
Portable Equipment: $8,995 (Deductible $100)
Emergency Vehicle Physical Damage: $41,045 (Deductible $500)
The premiums have decreased approximately 9.7% and it is believed that VFIS is the only organization that
offers this specialty coverage. This insurance provides coverage for physical damage to scheduled Emergency
Vehicles and blanket coverage for loss of damaged Portable Equipment. It is therefore recommended that the
County renew this policy as proposed for the renewal period October I, 2006 to September 30, 2007.