Agenda

Back to Calendar Return

County Administrator's Report 13. 12.

BCC Regular Meeting

Budget & Finance Consent

Meeting Date:	09/20/2018
Issue: General Lines Insurance Agent (PD 15-16.039)
From:	Robert Dye
Department:	Asst County Administrator
CAO Approval:

RECOMMENDATION:

Recommendation Concerning General Lines Insurance Agent (PD 15-16.039) - Robert Dye, Manager, Risk Management Office

That the Board approve the payment to USI Insurance Services, LLC, in the amount of $130,000, in accordance with PD 15-16.039, General Lines Insurance Agent, for the period of October 1, 2018, through September 30, 2019.

[Funding: Fund 501, Internal Service, Cost Center 140835, Object Code 54501]

BACKGROUND:

Traditionally General Lines Insurance Agencies serving the County have been commission based. USI was selected by a 5-person review committee based on their qualifications and ability to service the County’s extensive Insurance portfolio.

Insurance policies and renewals are negotiated on the County’s behalf, without commission at the retail level. Removal of the commission incentive from insurance premiums results in a significant savings to the County.

BUDGETARY IMPACT:

Funds are available in Cost Center 140835, Object Code 54501

LEGAL CONSIDERATIONS/SIGN-OFF:

This recommendation does not require legal sign off.

PERSONNEL:

Risk Management will be the contractor administrator. No additional personnel will be required.

POLICY/REQUIREMENT FOR BOARD ACTION:

County Ordinance, Chapter 46, Article II, Section 46-64, providing for Board approval of contracts of fifty thousand dollars ($50,000.00).

IMPLEMENTATION/COORDINATION:

Upon approval by the Board of County Commissioners a purchase order will be issued by the Purchasing Office to provide payment for services rendered from the contract.

Attachments
No file(s) attached.