|
Back to Calendar
Return
|
| |
County Administrator's Report 9. 4.
|
| BCC Regular Meeting |
Budget & Finance Consent |
|
|
|
| RECOMMENDATION: |
Recommendation Concerning Workers’ Compensation Insurance Renewal, Mark Bartlett, Risk Manager - Jana Still, Human Resources Department Director
That the Board approve the payment to the Florida Municipal Insurance Trust for the Workers’ Compensation Insurance renewal for Escambia County, effective October 1, 2020, through September 30, 2021, in the amount of $1,234,319, with a $100,000 per occurrence deductible.
The renewal premium represents a $190,722 decrease from last year’s premium.
| Vendor |
Funding |
Amount |
| Florida Municiple Insurance Trust |
Fund 501, Internal Service Fund, Cost Center 140834,
Object Code 54501 |
$1,234,319 |
[Funding: Fund 501, Internal Service, Cost Center 140834, Object Code 54501] |
| BACKGROUND: |
Florida Municipal Insurance Trust (FMIT) has agreed to renew the County’s Workers Compensation Policy with the same terms and deductible as last year. Our Agent of Record sought competitive proposals from the marketplace; however, no other insurers were willing or able to compete with the terms, conditions, and rates offered by FMIT.
|
| BUDGETARY IMPACT: |
| Funding: Fund 501, Internal Service, Cost Center 140834, Object Code 54501 |
| LEGAL CONSIDERATIONS/SIGN-OFF: |
| N/A |
| PERSONNEL: |
| Risk Management will be the contract administrator. |
| POLICY/REQUIREMENT FOR BOARD ACTION: |
| This Recommendation is in compliance with the provisions of the Code of Ordinances of Escambia County, Florida, Chapter 46, Finance, Article II, Purchase and Contracts. |
| IMPLEMENTATION/COORDINATION: |
| Upon Board approval, a Purchase Order will be issued to provide payment for services rendered from the Contract. |
|
|
|
|