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Item Coversheet Page 1 of 1 <br /> fl <br /> Financial Management <br /> DATE: 9/12/2016 <br /> MEMO: PUBLIC TRANSIT MEMORANDUM 2016-0912-01 <br /> TO: Honorable Mayor Moore-Wolfe and City Council <br /> FROM: Tim Gleason,City Manager <br /> John Williams,Mass Transit Administrator <br /> Gregg Zientara,Director of Financial Management <br /> SUBJECT: Transit Liability[nsurance and Claims Handling Services <br /> SUMMARY RECOMMENDATION: <br /> Staff recommends that Council adopt a Resolution awarding the annual contract for Transit System liability insurance and claims <br /> handling services to Lancer Insurance Co.and Admiral [nsurance Co. <br /> BACKGROUND: <br /> Staff sought quotes for a firm to provide liability insurance and claims handling services for the Transit System for one year.The <br /> requested insurance would provide minimum coverage of$5,000,000 per occurrence for the primary layer of general liability and <br /> commercial auto,and would provide a total per occurrence and aggregate limit of$10,000,000 of liability coverage. <br /> Bids for the policy were placed by JL Hubbard Insurance and Bonds. Lancers/Admiral Insurance provided a proposal for the <br /> commercial and auto liability. There were no other proposals submitted. Staff reviewed the proposals and determined that both <br /> proposals meet all of Transit's needs and both are from highly rated,national insurance carriers. <br /> Combining their primary and excess layers,the Lancer's proposals provides the requested aggregate liability limit of$10,000,000. <br /> The Lancer/Admiral proposal requires a deductible of$100,000 for the Automobile Insurance and for General Liability Insurance. <br /> The total cost for Lancer/Admiral renewal is$162,809 or Flat from last year's comparison. <br /> Staff determined that the Lancer [nsurance/Admiral Insurance combined proposal meets all of the Transit System's requirements. <br /> Lancer Insurance and Admiral Insurance have served as the Transit System's liability insuranceproviders since September 22,2013, <br /> and staff inembers are satisfied with the services they provide. Staff finds that these insurance carriers are capable and competent <br /> to perform the work and would meet the needs of the Transit System. <br /> POTENTIAL OBJECTIONS: none <br /> INPUT FROM OTHER SOURCES: <br /> Jerome Parker,General Manager,DPTS <br /> STAFF REFERENCE: For questions or comments regarding this item,contact John Williams Transit Administrator at 424-2816 <br /> or Gregg Zientara Director of Financial Services at 450-2226.Both will be present at the City Council Meeting of September 19, <br /> 2016 to address any Council concerns. <br /> BUDGET/TIME IMPLICATIONS: <br /> The cost of the liability insurance and claims handling services are included in the current budget <br /> ATTACHMENTS: <br /> Description Type <br /> Resolution Itcsulu�i��n Lcucr <br /> Insurance proposal I�arkup �latrriul <br /> https://decatur.novusagenda.com/AgendaWeb/CoverSheet.aspx?ItemID=830 9/19/2016 <br />