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RESOLUTION NO. 2019- 2-1-71-
<br /> A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF
<br /> SUNNY ISLES BEACH, FLORIDA, APPROVING THE RENEWAL
<br /> OF THE COMMERCIAL PACKAGE POLICY (PROPERTY,
<br /> LIABILITY, AUTOMOBILE), WORKERS COMPENSATION,
<br /> AND MISCELLANEOUS INSURANCES WITH BROWN &
<br /> BROWN / PREFERRED GOVERNMENT INSURANCE TRUST
<br /> (PGIT) FOR THE PERIOD OF OCTOBER 1, 2019 THROUGH
<br /> SEPTEMBER 30, 2020, IN AN AMOUNT NOT TO EXCEED ONE
<br /> MILLION FIVE HUNDRED THOUSAND DOLLARS
<br /> ($1,500,000.00), AS OUTLINED IN EXHIBIT "A"; AUTHORIZING
<br /> THE CITY MANAGER TO DO ALL THINGS NECESSARY TO
<br /> EFFECTUATE THIS RESOLUTION; PROVIDING FOR AN
<br /> EFFECTIVE DATE.
<br /> WHEREAS, on September 15, 2016, via Resolution No. 2016-2579 the City
<br /> Commission entered into an Agreement with Brown & Brown/Preferred Government Insurance
<br /> Trust (PGIT) as the City's provider for the Package Policy and Workers Compensation, and
<br /> miscellaneous insurances, for a one-year period of October 1, 2016 through September 30, 2017,
<br /> in an amount not to exceed $1,000,000.00; and
<br /> WHEREAS, on March 16, 2017, via Resolution No. 2017-2670 the City Commission
<br /> approved an increase in spending authority for additional insurance coverage with Brown &
<br /> Brown/Preferred Government Insurance Trust (PGIT), in an amount not to exceed $150,000.00;
<br /> and
<br /> WHEREAS, on September 21, 2017, via Resolution No. 2017-2720 the City
<br /> Commission approved the City Commission entered into an Agreement with Brown &
<br /> Brown/Preferred Government Insurance Trust (PGIT) as the City's provider for the Package
<br /> Policy and Workers Compensation, and miscellaneous insurances, for a one-year period of
<br /> October 1, 2017 through September 30, 2018, in an amount not to exceed $1,350,744.75, which
<br /> included a contingency amount of$200,000.00; and
<br /> WHEREAS, on September 20, 2018, via Resolution No. 2018-2853 the City
<br /> Commission approved the City Commission entered into an Agreement with Brown &
<br /> Brown/Preferred Government Insurance Trust (PGIT) as the City's provider for the Package
<br /> Policy and Workers Compensation, and miscellaneous insurances, for a one-year period of
<br /> October 1, 2018 through September 30, 2019, in an amount not to exceed $1,500,000.00; and
<br /> WHEREAS, the City of Sunny Isles Beach is in need of various insurance coverage to
<br /> protect it from liabilities, catastrophes, and other issues that may arise for a one-year period of
<br /> October 1, 2019 through September 30, 2020; and
<br /> WHEREAS, staff recommends acceptance of the Brown & Brown/Preferred
<br /> Governmental Insurance Trust (PGIT) proposal for the Commercial Package Policy and Workers
<br /> Compensation, and miscellaneous insurances, in an amount not to exceed One Million Five
<br /> R2019 Pgit Insurance Renew(Property,Casualty,Auto,Workers Comp) Page I of 2
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