HomeMy WebLinkAbout9, Insurance Brokerage
Action Item # 9 March 7, 2012 Insurance BrokerageAwarding a Contract for
Contract for Insurance Brokerage 2 Reduced premium by 14%–Workers’ compensation broker since 2010–Reduced premium by 22%, cumulatively–District’s insurance broker since 2002–Marsh Risk
and Insurance Services, Inc.•Background / History
New Information 10%Fee–10%Services provided–20%Experience in the electric and water utility industry–20%Qualifications of key individuals–40%Qualifications of the firm–Contract for Insurance
Brokerage 3 Criteria for evaluations•All three proposals responsive–Proposals received from three brokers•February 3, 2012, RFP advertised in Sierra Sun•Fiscally prudent to periodically
evaluate proposals•
New Information 59HUB International Insurance Services, Inc.–77Inc.InterWest Insurance Services,–94Marsh Risk and Insurance Services, Inc.–Scores Contract for Insurance Brokerage 4 Evaluation
(100 maximum points)•
Fiscal Impact Contract for Insurance Brokerage 5 Sufficient funds exist in the FY12 & FY13 Budget–$10,000 less than the current policy period–Marsh’s proposed fee for the next policy
period is $55,000•
Recommendation Contract for Insurance Brokerage 6 in a form acceptable to the District’s Counselyear periods, -Services, Inc. renewable for two additional oneyear contract with Marsh
Risk and Insurance -Authorize a one•