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R2024-250 Resolution Authorizing Professional Service Agreement with Arthur J Gallagher Risk Management Services, LLP for Insurance Brokerage and Risk Management Services
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R2024-250 Resolution Authorizing Professional Service Agreement with Arthur J Gallagher Risk Management Services, LLP for Insurance Brokerage and Risk Management Services
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6/19/2024 12:09:27 PM
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6/19/2024 12:09:26 PM
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Resolution/Ordinance
Res Ord Num
R2024-250
Res Ord Title
R2024-250 Resolution Authorizing Professional Service Agreement with Arthur J Gallagher Risk Management Services, LLP for Insurance Brokerage and Risk Management Services
Department
Finance
Approved Date
6/17/2024
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EXHIBIT A <br /> The following outlines Services provided by Gallagher over the term of this Agreement: <br /> Annual Fee of$65,000 for the term October 1, 2024—2025 <br /> Annual Fee of$65,000 for the term October 1, 2025—2026 <br /> Annual Fee of$65,000 for the term October 1, 2026—2027 <br /> Annual Fee of$65,000 for the term October 1,2027—2028 <br /> Annual Fee of$65,000 for the term October 1, 2028—2029 <br /> Fees for Services: The following outlines Services provided by Gallagher over the term of this <br /> agreement: <br /> •Work with Client to prepare comprehensive underwriting data and criteria for <br /> insurance carrier negotiations. <br /> •Formally present coverage submissions to agreed upon insurance carrier(s)and <br /> negotiateterms on behalf of Client. <br /> •Summarize the results of executing the marketing strategy developed with <br /> Client and communicate program recommendations. <br /> •Provide consultation to Client on exposures, existing coverage, and the <br /> desirability and/or feasibility of potential program changes, retention and data <br /> analysis as recommended by Gallagher. <br /> •Request change endorsements,when requested by the Client or when otherwise <br /> necessary, ensuring accuracy and delivery in a timely manner. <br /> •Administration of insurance program (only if applicable), including policy review and <br /> issuance, invoicing, coordination and/or issuance of required documentation, i.e., <br /> automobile identification cards, certificates of insurance, and other program <br /> administration, as required by the Client. <br /> •Review accounting and billing data;audit information from insurance carriers to ensure <br /> accuracy. <br /> Client Signature <br /> Date <br /> Sample Exhibit A.dcc <br />
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