File #:
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23-4734
Version:
1
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Name:
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City of Key West Property & Casualty Insurance Renewals
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Type:
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Resolution
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Status:
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Passed
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On agenda:
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9/14/2023
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Final action:
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9/14/2023
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Title:
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*Authorizing the City Manager to place pursuant to Section 2-797(4)(b) of the Code of Ordinances, Exempt Contractual Services, the City's Property and Casualty Insurance Program for 2023/24 by Public Risk Management of Florida (PRM) as submitted by World Risk Management (WRM) in the amount of $3,307,211.00; Authorizing acceptance of World Risk Management as the Agent/Broker for the City's Property and Casualty Insurance Program for policy year 2023-2024; Approving pursuant to Section 2-797(4)(b) of the Code of Ordinances the placement of the City of Key West's Ancillary Policies in an amount not to exceed $125,430.00 to include: from Brown & Brown, Marine Operators Legal Liability Coverage ($23,465.00), Outer Mole Excess Liability Coverage ($10,450.00), Wharfingers Liability Coverage ($9,798.00), Hull and Machinery Coverage ($16,425.00), Vessel Pollution Coverage ($6,823.00), AD&D Coverage ($8,987.00), Storage Tank Liability ($7,627) and Pollution Liability (3-Year Policy) Coverage ($1...
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Title
*Authorizing the City Manager to place pursuant to Section 2-797(4)(b) of the Code of Ordinances, Exempt Contractual Services, the City's Property and Casualty Insurance Program for 2023/24 by Public Risk Management of Florida (PRM) as submitted by World Risk Management (WRM) in the amount of $3,307,211.00; Authorizing acceptance of World Risk Management as the Agent/Broker for the City's Property and Casualty Insurance Program for policy year 2023-2024; Approving pursuant to Section 2-797(4)(b) of the Code of Ordinances the placement of the City of Key West's Ancillary Policies in an amount not to exceed $125,430.00 to include: from Brown & Brown, Marine Operators Legal Liability Coverage ($23,465.00), Outer Mole Excess Liability Coverage ($10,450.00), Wharfingers Liability Coverage ($9,798.00), Hull and Machinery Coverage ($16,425.00), Vessel Pollution Coverage ($6,823.00), AD&D Coverage ($8,987.00), Storage Tank Liability ($7,627) and Pollution Liability (3-Year Policy) Coverage ($14,909.00) , and from WRM, Westchester Fire Insurance for Aircraft (Drone) Coverage in an amount not to exceed ($3,830) and Florida Fire Fighter Cancer Coverage ($23,116.00); Authorizing the acceptance of Brown & Brown (formerly Pria) as the Agent/Broker for the City's Ancillary Policies, with the exception of Drone Coverage and Florida Fire Fighter Cancer Coverage (WRM); Authorizing the City Manager to execute all documents consistent therewith upon the advice and consent of the City Attorney.
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