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<br />Both proposals were reviewed by an independent insurance consultant that we utilized last year - Waters <br />Risk Management. Their recommendation, dated June 16, 2008 is attached. One final note regarding <br />the 15 month package does not include the Workers' Compensation coverage which remains as a 12 <br />month contract from 10/1 /07 -9/30/08 and renewing on 10/1 /08 to 9/30/09. <br /> <br />Funding will be provided in the FY 2008/09 budget. <br /> <br />ADDITIONAL INFORMATION: <br />The PGIT board of trustees has elected to purchase an extremely conservative excess of loss insurance <br />structure which provides PGIT members several levels of protection that reinsurance does not. PGIT's <br />excess of loss policies list every individual member a named insured, giving every member direct access <br />to the insurance company for payment of claims. <br /> <br />Public Risk Underwriters (PRU), which is a premier insurance service organization for public entities and <br />is part of Brown & Brown, is the underwriting group that tailors customized insurance services and <br />products for the City. <br /> <br />The City has had a Commercial Package Policy (Property, Casualty, Auto) and Workers Compensation <br />insurance coverage with PGIT since October 1,2003. Previous to this date, from July 1,2001 through <br />October 1,2003, insurance coverage was split between First Specialty Insurance for Property and Coregis <br />Insurance for General Liability coverage and with the Florida League of Cities for Workers <br />Compensation. <br />