Recommendation Concerning Business Auto Liability for Escambia County Area Transit - Robert Dye, Manager, Risk Management Office
That the Board approve one of the following options concerning Business Auto Liability Insurance for Escambia County Area Transit:
A. Payment to USI Insurance Services, LLC, for the Business Auto Insurance Policy, written through Preferred Governmental Insurance Trust (PGIT) for Escambia County Area Transit (ECAT), with a $1,000,000 Auto Liability limit and statutory Personal Injury Protection, effective October 1, 2018, through September 30, 2019, in the amount of $92,647, with a $10,000 deductible; or
B. Payment to USI Insurance Services, LLC, for the Business Auto Insurance Policy, written through Preferred Governmental Insurance Trust (PGIT) for Escambia County Area Transit (ECAT), with a $1,000,000 Auto Liability limit and statutory Personal Injury Protection, effective October 1, 2018, through September 30, 2019, in the amount of $92,647, with a $10,000 deductible with an optional second year of coverage, effective October 1, 2019, through September 30, 2020.
Premium for the second year will be determined based on updated exposure values for this period. The rates for the second year will be identical to those for the period commencing October 1, 2018, with premiums subject to the changes to Scheduled Property, Inland Marine, and Automobile.
[Funding: Fund 501, Internal Service, Cost Center 140835, Object Code 54501]
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