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Reso 2008-1284
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Reso 2008-1284
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Last modified
7/1/2010 9:42:40 AM
Creation date
6/24/2008 9:06:59 AM
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CityClerk-Resolutions
Resolution Type
Resolution
Resolution Number
2008-1284
Date (mm/dd/yyyy)
06/19/2008
Description
Property, Causual & Auto Insurance Renewal Approval with PGIT ($582,924.00)
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<br />COVERAGE <br /> <br />Commercial Package* <br /> <br />Property <br />Inland Marine <br />Crime Coverage <br />General Liability <br />Public Officials Liability <br />Employment Practices Liability <br />Law Enforcement Liability <br />Automobile Liability <br />Automobile Physical Damage <br /> <br />PREMIUM SUMMARY <br /> <br />INSURER AND BEST'S RATING <br /> <br />PREMIUM I <br /> <br />Preferred Governmental Ins. Trust <br />(Not Rated by A.M. Best) <br />Same as above <br />Same as above <br />Same as above <br />Same as above <br />Same as above <br />Same as above <br />Same as above <br />Same as above <br />Same as above <br /> <br />$290,471 <br />$17,993 <br />$2,242 <br />$73,121 <br />$29,450 <br />$15,438 <br />$40,850 <br />$89,265 <br />$24,094 <br /> <br />TOTAL <br /> <br />$582,924 <br /> <br />*This Coverage Agreement shall be 50% minimum earned as of the first day of the <br />"Coverage Period". <br /> <br />PAYMENT TERMS: <br /> <br />Payment of $134,615 is due 7/01/2008. <br /> <br />Final payment of $534,716 is due 10/01/2008 <br /> <br />AUDITS: <br /> <br />The General Liability and Automobile coverages are not subject to year-end audit <br />or adjustment. Therefore, there would not be any additional premiums for <br />increased liability exposures or additional vehicles purchased during the policy <br />year. <br /> <br />21 <br />Brown & Brown of Florida, 1nc. <br />
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