HomeMy WebLinkAboutR2024-71 FY2025 Property, Casualty, and Workers Compensation InsuranceRESOLUTION 2024-71
A RESOLUTION OF THE VILLAGE COUNCIL OF THE VILLAGE OF NORTH
PALM BEACH, FLORIDA, ACCEPTING A PROPOSAL FROM FIRST FLORIDA
INSURANCE BROKERS TO PROVIDE PROPERTY, CASUALTY AND WORKERS'
COMPENSATION INSURANCE THROUGH PUBLIC RISK MANAGEMENT OF
FLORIDA AND AUTHORIZING VILLAGE ADMINISTRATION TO TAKE ALL
ACTIONS NECESSARY TO IMPLEMENT SUCH COVERAGE; PROVIDING FOR
CONFLICTS; AND PROVIDING FOR AN EFFECTIVE DATE.
WHEREAS, the Village is currently a member of the Public Risk Management of Florida risk
management and self-insurance pool for property and casualty coverage, as well as workers'
compensation coverage; and
WHEREAS, Village Staff received a proposal from First Florida Insurance Brokers ("FFIB") for
property, casualty, and workers' compensation insurance through Public Risk Management of Florida
for Fiscal Year 2025; and
WHEREAS, the Village Council determines that the adoption of this Resolution, including the waiver
of any conflicting purchasing policies and procedures, is in the best interests of the Village and its
residents.
NOW, THEREFORE, BE IT RESOLVED BY THE VILLAGE COUNCIL OF NORTH PALM
BEACH, FLORIDA as follows:
Section 1. The foregoing recitals are hereby ratified and incorporated herein.
Section 2. The Village Council hereby accepts the proposal submitted by First Florida Insurance
Brokers for property, casualty, and workers' compensation insurance through Public Risk Management
of Florida for Fiscal Year 2025 at a total estimated annual cost of $1,010,919.00. The Village Council
further authorizes and directs Village Administration to take all actions necessary to implement such
coverage.
Section 3. All resolutions or parts of resolutions in conflict herewith are hereby repealed to the extent
of such conflict.
Section 4. This Resolution shall take effect immediately upon adoption.
PASSED ► P ADOPTED THIS 22ND DAY OF AUGUST, 2024.
MAYOR