File #: 24-6349    Version: 1 Name: City of Key West Property & Casualty Insurance Renewals
Type: Resolution Status: Passed
File created: 9/3/2024 In control: City Commission
On agenda: 9/12/2024 Final action: 9/12/2024
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 2024/25 by Public Risk Management of Florida (PRM) as submitted by World Risk Management (WRM) in the amount of up to $3,451,155.00; Authorizing acceptance of World Risk Management as the Agent/Broker for the City's Property and Casualty Insurance Program for policy year 2024-2025; Approving Ancillary Policies in an amount not to exceed $145,750.00 to include: from Brown & Brown, Marine Operators Legal Liability Coverage ($52,000), Outer Mole Excess Liability Coverage ($11,500), Wharfingers Liability Coverage ($11,750), Hull and Machinery Coverage ($21,500), Vessel Pollution Coverage ($7,500), AD&D Coverage ($10,500), Storage Tank Liability Coverage ($8,000), and from WRM, Westchester Fire Insurance for Aircraft (Drone) Coverage ($3,250) and Florida Fire Fighter Cancer Coverage ($19,750); Authorizing the ac...
Sponsors: Todd Stoughton
Attachments: 1. Resolution, 2. Cover Memo, 3. City of Key West Property & Casualty Renewal Proposal 24-25 - 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 Cost Estimation 24-25 - Brown & Brown, 8. City of Key West Fire Cancer Renewal Policy 24-25 - Chubb, 9. City of Key West Drone Renewal Quote 24-25 - 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 2024/25 by Public Risk Management of Florida (PRM) as submitted by World Risk Management (WRM) in the amount of up to $3,451,155.00; Authorizing acceptance of World Risk Management as the Agent/Broker for the City's Property and Casualty Insurance Program for policy year 2024-2025; Approving Ancillary Policies in an amount not to exceed $145,750.00 to include: from Brown & Brown, Marine Operators Legal Liability Coverage ($52,000), Outer Mole Excess Liability Coverage ($11,500), Wharfingers Liability Coverage ($11,750), Hull and Machinery Coverage ($21,500), Vessel Pollution Coverage ($7,500), AD&D Coverage ($10,500), Storage Tank Liability Coverage ($8,000), and from WRM, Westchester Fire Insurance for Aircraft (Drone) Coverage ($3,250) and Florida Fire Fighter Cancer Coverage ($19,750); 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.