HomeMy WebLinkAbout820332.tiff RESOLUTION
RE: APPROVAL OF INSURANCE PROGRAM FOR WELD COUNTY
WHEREAS, the Board of County Commissioners of Weld County, Colorado,
pursuant to Colorado Statute and the Weld County Home Rule Charter, is vested
with the authority of administering the affairs of Weld County, Colorado, and
WHEREAS, on November 8, 1982, the Board of County Commissioners assigned
insurance markets and authorized the issuance of a request for proposal for an
insurance program for Weld County in 1983, with coverage to become effective
January 15, 1983, and
WHEREAS, five firms/agents submitted proposals for consideration for the
insurance program for 1983, and
WHEREAS, the Insurance Selection Committee, comprised of the Board of
County Commissioners, Lucille Gallagher of Monfort's of Colorado, Dick
Barrett, Personnel Director, Russ Anson, County Attorney's Office, Bette
Rhoden, Purchasing Director, and Don Warden, Director of Finance and
Administration, reviewed the proposals and discussed the proposals with the
presenters on December 16, 1982, and
WHEREAS, the Insurance Selection Committee, after hearing and studying
both proposals, has recommended to the Board of County Commissioners that the
optimum proposal for Weld County appears to be the proposal presented by
Arthur J. Gallagher & Co. , and
WHEREAS, the Insurance Selection Committee specifically recommends the
adoption of the proposal as presented with the FIVE MILLION DOLLAR
($5,000,000) limits, and
NOW, THEREFORE, BE IT RESOLVED by the Board of County Commissioners of
Weld County that the Board does hereby adopt the recommendation of the
Insurance Selection Committee to approve the Arthur J. Gallagher proposal with
the FIVE MILLION DOLLAR ($5,000,000) limits, and
BE IT FURTHER RESOLVED that the Director of Finance and Administration be
designated as the Insurance Representative of the County to assist Arthur J.
Gallagher & Co. in the administration of the protected self-insurance program,
and
BE IT FURTHER RESOLVED that the Chairman of the Board of County
Commissioners is hereby authorized to execute all contracts necessary
implement the self-insurance program as submitted by Arthur J. Gallagher &
Co. , and
FZOOCb5 &20332_
l
BE IT FURTHER RESOLVED that Arthur J. Gallagher & Co. is hereby
designated as the Agent-Broker of record for coverage for Weld County,
effective January 15, 1983 through January 15, 1986.
The above and foregoing resolution was, on motion duly made and seconded,
adopted by the following vote on the 27th day of December, A.D. , 1982.
q,/��� ,,,� BOARD OF COUNTY COMMISSIONERS
ATTEST " f •.(? ,s,. yc ,; n ? 1/ WELD COUNTY, COLORADO
Weld County clerk and Recorder
and Clerk to the Board John T. Martin, Ch ' man
(BY: z4/ Chuct Carlson, P Tem
IIep ty County Cler:
Approved as to form: Norman Carlson' /J
. ' . Kirby
County Attorney
/ 722,/
e K. Steinmark
mEmoRAnDum
Board of County
VWilk ToCommissioners December 27, 1982
Data
Selection Committee
COLORADO From
Insurance
Subject:
The following proposals were received for the protected self-insurance
program and presented to the Board on December 15, 1982:
A.J. Gallagher
Sweet and Co.
Scott/Fred S. James
Flood and Peterson (2 options)
Frank B. Hall and Co.
On December 16, 1982, oral presentations were made by all proposers to the
Board and Selection Committee.
At the presentation, Flood and Peterson ask for the elimination of their
proposal number one (Compass) and emphasized consideration of the Mentor
proposal number two.
In reviewing all proposals, only the current carrier, Gallagher, meets all the
specifications asked for in the RFP.
The proposal for the least cost did not include coverages in the following
areas which the County feels are critical:
- Discrimination was limited to racial and religious discrimination
only
- Employee benefit liability
- Some depreciation on property I & B
- Exclusions on care, custody, and control
- Limits or exclusions on flood, sewer, etc.
- Anti-trust exclusions
- Fire-legal liability
- Pollution - chemical, etc.
- Condemnation/Planning related coverage
- Coverage of EDP equipment and media
- Limits on glass
- Builders Risk
- Non-owned aircraft
Differences in price do not justify risk of potential costs to the
County if gaps in coverage materialize or claims are not handled due
to exclusions. Both long and short term costs were evaluated in the
selection process.
In reviewing the proposals it is the unanimous recommendation of the Selection
Committee to recommend the approval of the Arthur J. Gallagher proposal with
fixed costs of $219,962, Annual Loss Fund aggregate of $300,000, and $100,000
single occurrence stop loss.
The recommendation is based upon the following:
1. Gallagher meets all specifications.
2. Gallagher has been carrier for last three years with very
satisfactory results.
3. Gallagher has over 300 government clients and handles over 150,000
self-insurance government claims.
4. Gallagher Bassett office in Denver has full service of governmental
claims processing, loss control, safety services, adjusting, and
legal assistance.
5. Gallagher has broadest form coverage to protect the interest of Weld
County officials, employees and citizens.
6. Consolidation of claims management, safety, loss control, risk
management and excess coverage under one umbrella group can be
advantageous to Weld County.
7. Gallagher has a proven record of saving Weld County thousands of
dollars in the self-insurance program the last three years.
8. Governmental exposure and hazards have significantly increased the
last five years. With the number of government clients Gallagher
services, a tremendous data base and amount of experience exists to
handle the types of exposures and hazards in government risk
management to deal with claims and development of loss prevention in
Colorado and nationally. Sharing of data between the five Colorado
counties and 23 cities using Gallagher, has saved legal costs and
attorney time.
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