Title
RESOLUTION NO. 26R-09-179: A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF LAUDERHILL, FLORIDA, APPROVING THE PROPOSAL FROM PREFERRED GOVERNMENTAL INSURANCE TRUST TO PROVIDE PROTECTED SELF-INSURANCE PRODUCTS THROUGH THE BROKER, PUBLIC RISK INSURANCE AGENCY, FOR FISCAL YEAR OCTOBER 1, 2026 THROUGH SEPTEMBER 30, 2027, AND APPROVING RELATED COVERAGES THROUGH CNA, ACE AMERICAN AND CHUBB FOR VARYING FISCAL YEARS THROUGH SEPTEMBER 30, 2028; PROVIDING FOR A TOTAL PAYMENT OF $2,203,384.00 FROM THE APPROPRIATE BUDGET CODE NUMBERS; AUTHORIZING THE CITY MANAGER TO EXECUTE ALL NECESSARY DOCUMENTS; AND PROVIDING FOR AN EFFECTIVE DATE (REQUESTED BY CITY MANAGER, KENNIE HOBBS, JR.).
Body
Request Action:
Requesting City of Lauderhill City Commission approval for the renewal of Preferred Governmental Insurance Trust to provide protected self-insurance products through our broker, Public Risk Insurance Agency, for the fiscal year October 1, 2026 through September 30, 2027.
Need Summary Explanation/ Background:
To protect the City in the pursuit of first and third-party claims based on the following losses: General liability, Property, Auto Liability and Physical damage, workers' compensation, boiler and machinery, errors and omissions, law enforcement, inland marine, crime, employers liability, and sexual misconduct.
Cost Summary/ Fiscal Impact:
The projected premiums are $2,203,384, a decrease of $97,026 from the previous year.
Attachments:
#1 - Resolution
#2 - Coverage and Premium Comparison
Budget Code Number(s): 001-01-162-504521, 001-01-162-504522, and 001-01-162-504523.
Procurement Information: [check all that apply]
[ ] RFP/Bid [ ] Emergency Purchase [ ] SBE
[ ] Proposal/Quote [ ] State Grant Funds [ ] Local Preference
[ ] ...
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