File #: 23-4734    Version: 1 Name: City of Key West Property & Casualty Insurance Renewals
Type: Resolution Status: Passed
File created: 8/21/2023 In control: City Commission
On agenda: 9/14/2023 Final action: 9/14/2023
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 ($1...
Sponsors: Albert Childress
Attachments: 1. Resolution, 2. Cover Memo, 3. City of Key West Property & Casualty Renewal Proposal 23-24 - PRM, 4. Public Risk Underwriters of Florida - No Bid Email Response, 5. Evaluation of Renewal - Interisk, 6. Evaluation of Renewal - Ben Few, 7. City of Key West Ancillary Proposal 23-24 - Brown & Brown, 8. City of Key West Fire Cancer Renewal Policy 23-24 - Chubb, 9. City of Key West Drone Renewal Quote 23-24 - Chubb

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.