Title
Approval for the Mayor and/or City Administrator to sign a renewal contract with Trident Insurance Services, LLC for property, casualty, and liability insurance for the period May 1, 2012 to April 30, 2013 in the amount of $639,447.
Presented by Dan Roach, Director of Human Resources
Body
Item Summary:
The City of Roswell, via a broker, engaged in a request for proposal to procure property, casualty, and liability insurance for the coverage period of 5/1/12 to 4/30/13. Competitive proposals were obtained from eight (8) insurance carriers. The quotes were evaluated on the basis of cost, services, responsiveness, staffing, financial ratings, coverage levels, and public entity references. Trident Insurance Services, LLC, the City's current carrier was the most responsive, responsible proposer in a renewal amount not to exceed $639,447. An additional amount of approximately $12,000 for National Flood Insurance Program (NFIP) coverage is also requested.
Committee or Staff Recommendation:
On April 10, 2012 the Administration and Finance & Recreation and Parks Committee recommended placing this item on the April 23, 2012 Mayor and Council Agenda.
Financial Impact:
$639,447 is requested in Org 60315550, Account Number 523100 for Fiscal Year 2013.
Presented by:
Dan Roach, Director of Human Resources
Wendy Ademy, Risk Manager