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Item C23 BOARD OF COUNTY COMMISSIONERS AGENDA ITEM SUMMARY Meeting Date: February 18,2009 Division: Employee Services Bulk Item: Yes ~ No Department: Risk Management Staff Contact PersonlPhone#:Maria L. Slavik X3178 AGENDA ITEM WORDING: Approval to extend the current General and Professional Liability Insurance with Lantana Insurance Ltd. for Bayshore Manor and waiver of policy requiring going out for RFP. ITEM BACKGROUND: Coverage is for General Liability and Wrongful ActsNicarious Liability for abuse as required to maintain our State of Florida Assisted Living Facility License. Also covers claims alleging sexual and/or physical abuse. The current premium is $16,843. PREVIOUS RELEVANT BOCC ACTION: In years past, attempts to locate alternative insurance at a reasonable price have proved unsuccessful. As part of Interisk's services provided to the County, the availability and pricing of insurance is perpetually monitored (including the insurance required by Bayshore). Lantana, has been the only company willing to offer the protection need for a cost that is acceptable to the County. When proposals for alternative coverage have been received, the premiums have been as much as twice the amount being charged by Lantana. CONTRACT/AGREEMENT CHANGES: Renew the General and Professional Liability Insurance with Lantana Insurance, Ltd., for the period beginning 4/30/2009 through 4/3012010. STAFF RECOMMENDATIONS: It is recommended that the BaCC waive the bid process and that the County instruct Arthur J. Gallagher (the incumbent agent) to aggressively negotiate a renewal with Lantana for the upcoming year. TOTAL COST: approx. $16.483.00 INDIRECT COST: _N/A_ BUDGETED: Yes X No_ COST TO COUNTY: approx $16,843.00 SOURCE OF FUNDS: Ad valorum REVENUE PRODUCING: Yes No X AMOUNT PER MONTH Year APPROVED BY: County Atty a ~rChaSing _ Risk Management ~ DOCUMENT A TION: Included ~ Not Required_ DISPOSITION: AGENDA ITEM # Revised 8/06 MONROE COUNTY BOARD OF COUNTY COMMISSIONERS CONTRACT SUMMARY Contract with: Arthur J. Gallagher & Co Contract #_ Effective Date: 4/30/09 Expiration Date: 4/30/2010 Contract Purpose/Description: Bayshore Manor General and Professional Liability Insurance Renewal Contract Manager: Maria Slavik 3178 Risk Management #7 (Name) (Ext.) (Department/Stop #) for BOCC meeting on 2-18-2009 Agenda Deadline: 2-03-2009 CONTRACT COSTS Total Dollar Value of Contract $ NoD $16,483 approx. Account Codes: 503-08502-530-450-_ Current Year Portion: $ Budgeted? Yes[SJ Grant: $ County Match: $ - - - - ----- - - - - ----- - - ----- ADDITIONAL COSTS Estimated Ongoing Costs: $_/yr For: (Not included in dollar value above) (eg. maintenance, utilities, ianitorial, salaries, etc.) CONTRACT REVIEW Changes Date In Needed Division Director '2/ l1 ,01 YesD No0 ,- Risk Manag~ment Vo.1Q( YesD NO~ PJ{1.. (\~ 1,0 -/ o .M.B ./Pur:cb~ing I - :i)-ol YesD No[!] County Attomey I~~'df YesD No@ ~ f. ~ Comments: Date Out /-z&-oq OMB Form Revised 2/27/01 Mep #2 O,~~,T,Y ~o~~~~E (305) 294-4641 Office of the Employee Services Division Director The Historic Gato Cigar Factory 11.00 Simonton Street, Suite 268 Key West, FL 33040 (305) 292-t458 - Phone (305) 292-"'564 - Fax TO: (-- '..... -------- BOARD OF COt:NTY CO~MISSIONERS :\-fayOT George :\eugenT, District. 2 Mayor Pro Tem Sylvia J. Murphy. District:; Kim Wiginb"on, District 1 Heather Carruthers, District 3 Mario Oi Gennaro. District 4 Board of County Commissioners Teresa E. Aguiar, ~..~~J Employee Services Dire~ ~ January 27, 2009 FROM: DATE: SUBJ: General and Professional Liability Insurance Renewal for Bayshore Manor This item requests approval to waive purchasing policy and renew Bayshore Manor's General and Professional Liability Insurance with Lantana Insurance, LTD. The current policy expires on April 30, 2009. The availability of insurance for Assisted Living facilities is extremely limited and the current policy has provided stable and quality insurance protection for the County since 2004. Based on the limited number of insurers with the resources and desire to provide the necessary coverage along with the costs associated with advertising, consultant fees and staff time, it is believed that obtaining competitive bid proposals at this time is not justified and would not produce favorable results. It is understood that Lantana Insurance, L TD has inspected Bayshore Manor and believes it is a well run facility. It is anticipated that Lantana will offer a favorably priced renewal for the 2009/2010 policy year. It is therefore the recommendation that the Board approve the request to waive the bidding process and instruct Arthur J. Gallagher (the incumbent Agent) to aggressively negotiate and renew Bayshore Manor's General and Professional Liability Insurance with Arthur J. Gallagher (the agent for the Lantana policy). If you have any questions on this item, please do not hesitate to contact me at X4458. ..1.1' I t:..n.J..;:)f"\._~~ I ~1J"'t t'~ tl:l I NTERISK CORPORA TION Consultants 1111 North Westshore Boulevard Suite 208 Tampa, FL 33607-4711 Phone (813) 287-1040 Facsimile (813) 287-1041 Risk Management Employee Benefits December 29,2008 Ms. Maria Slavik. CPM Risk Administrator Monroe COUDty 1100 Simonton Sf. Suite 268 Key West, Florida 33040 Subject: Bayshore Manor - General and Professional Liability Insurance Dear Maria: Bayshore Manor's General and Professional Liability insurance expires on April 30,2009. Locating quality insurance for facilities such as Baymore is extremely difficult because most insurers do not have the desire or capability of providing inswance for nUfSing homes and assisted living facilities. The fact that Bayshore is a relatively small facility, with only sixteen (16) beds, makes the task even more difficult. In years past, auempts to locate alternative insurance at a reasonable price has proved unsuccessful. As part of Interisk' s services provided to the County, the availability and pricing of insurance is perpetually monitored (including the insurance required by Bayshore). Insurance comparable to that being provided by the current insurer (lantana Insurance Ltd.) bas not been located. Lantana, has been the only company willing to offer the protection needed for a cost tbat was acceptable to the County. Based on a lack of insurers willing to provide Bayshore's insurance, it is believed that issuing an RFP at this time for Baysbore's insurance would oot produce any meaningful results and in all probability would result in Lantana being the only company issuing a response to the RFP. It is therefore recommended that the County's efforts be focused 011 negotiating favorable renewal tenns with Lantana for Bayshore's insurance for the 200912010 policy tenn and continue to survey the insurance market for an alternative to the Lantana proifllD1. The CWTeDt annual premium for the Lantana policy is $16,483. Lantana has inspected Baysbore and believes it is a well run facility. 1 have spoken to representatives of Arthur J. GaJIagher (the agent for the Lantana policy) and they bave bad preliminary discussions with Lantana and have been advised that they plan on issuing a renewal proposal for Baysbore and do not anticipate any signiftcant increases in the premiums they are CUJTently charging. v...w.c.,.v...LU,..L .L I' I ~ J...::::M"'\._ VlJr"'{fLJr'Uot I ~ l....Jr"'I r-H\X. tl.:J (' Please give me a caD if you have any questions or wish to discuss this issue in more detail. Cordially, INTERlSK CORPORA nON J /6 / " ! I k,/ ~-- Sidney G. Webber CPCU. ARM CC: Teresa Aguiar