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<br />Brown & Brown of Florida. Inc. <br /> <br />B!o~n <br />~rown <br /> <br />Spessard Holland Bldg. Suite 400 <br />8000 Governors Square Blvd. <br />Miami Lakes, FL33016-1588 <br />305/364-7800 . Toll Free 800/432-8844 <br />FAX 305/822-5687 <br /> <br />( <br /> <br />. <br /> <br />~ <br /> <br />August 25, 2010 <br /> <br />Ms. Priscilla Walker, CMC <br />Assistant to the City Manger <br />Human Resources <br />City of Sunny Isles Beach <br />18070 Collins Ave <br />Sunny Isles Beach, FL 33160 <br /> <br />Re: City of Sunny Isles Beach <br />Property, Liability, Automobile & Workers' Compensation Insurance Proposal <br />October 1,2010-11 <br /> <br />( <br /> <br />Dear Priscilla, <br /> <br />I am very pleased to enclose the above captioned proposal, prepared by Brown & Brown <br />Insurance of Florida, in cooperation with the Preferred Governmental Insurance Trust <br />(PGIT). <br /> <br />The City's excellent claim experience and long term relationship with my office and <br />PGIT has continued to justify reduced insurance costs. This year we have been able to <br />negotiate a 15% reduction in the Package Policy (Property, Liability & Automobile) and <br />combined with last year's premium savings of20%, the City has received a 35% Package <br />Policy premium reduction in the past two years, with increased insurance coverages. We <br />have also included in this years proposal, what we believe is a very competitive Workers' <br />Compensation plan, which allows us to place all of the City's major insurance coverages <br />with PGIT. <br /> <br />It is important to note some of the unique benefits of the PGIT program. Our property <br />insurance program does not include a potential coinsurance penalty condition, and in fact, <br />we now provide a "blanket" form of property insurance which is the most beneficial and <br />safest form of insuring properties. In addition, the PGIT program includes a 5% "Named" <br />Storm deductible with an occurrence minimum of $20,000. Therefore, any "Unnamed" <br />windstorms would have the standard $5,000 deductible. Finally, the PGIT Public <br />Officials Liability coverage now includes a $100,000 benefit for Non-Monetary Damages <br />for Ethics, Government-in-the Sunshine and Recall Petition expenses. <br /> <br />Exhibit "A" <br />