HomeMy WebLinkAbout7 Consideration of Insurance Brokerage Services Contract
ACTION ITEM #7Insurance Brokerage ServicesAward of a Contract for Consideration of the Insurance Brokerage ServicesAward of a Contract for Consideration of the March 7, 2018
Contract for Insurance Brokerage Services for two additional years in 2016 and 2017Insurance Services, and the District renewed the contract InterWestIn 2015, the District awarded the
brokerage services contract to •2015insurance brokerage services were served with Marsh from 2000 to The District’s general liability, property and workers’ compensation •BACKGROUND
/ HISTORY Contract for Insurance Brokerage Services
NEW INFORMATION District and both proposals were responsive Both firms were determined to be qualified to service the •Agency submitted proposalsInsurance Services LLC and Tyler Insurance
InterWestTwo firms, •insurance brokerage servicesA Request for Proposal (RFP) was issued in January 2018 for •Contract for Insurance Brokerage ServicesContract for Insurance Brokerage
Services
NEW INFORMATION 85-Tyler Insurance Agency•94-Insurance Services LLC InterWest•The committee’s average score for the proposals were:•10%-Fees •10%-•20%-Experience in the electric and
water utility industry •20%-Qualifications of the key individuals •40%-Qualifications of firm •upon the following weighted criteria:An internal committee was formed to evaluate the
proposals based •Contract for Insurance Brokerage ServicesContract for Insurance Brokerage Services
FISCAL IMPACT This amount was included in the FY18 & FY19 budget•$44,000 proposed brokerage fee for the next policy period is InterWest’s•Contract for Insurance Brokerage ServicesContract
for Insurance Brokerage Services
RECOMMENDATION Counselyear periods, in a form acceptable to the District’s -additional oneInsurance Services, LLC, renewable for two InterWestannually with insurance brokerage services
in an amount not to exceed $44,000 year contract for -Authorize the General Manager to execute a one•Contract for Insurance Brokerage ServicesContract for Insurance Brokerage Services