Hernando County, FL Banner Image
File #: 14037   
Type: Agenda Item Status: Adopted
File created: 5/7/2024 In control: Board of County Commissioners
On agenda: 9/24/2024 Final action: 9/24/2024
Enactment date: Enactment #:
Title: Broker Services Agreement With Brown & Brown Insurance Services, Inc., for Insurance Broker of Record Services (Contract No. 24-TS00895/AP)
Attachments: 1. Broker Services Agreement, 2. Approved Broker Services Agreement With Brown & Brown Insurance Services, Inc., for Insurance Broker of Record Services
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Broker Services Agreement With Brown & Brown Insurance Services, Inc., for Insurance Broker of Record Services (Contract No. 24-TS00895/AP)

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BRIEF OVERVIEW
Brown & Brown Insurance Services, Inc., has been under broker services agreement with the County since November 2019. The current agreement is nearing expiration and a new Broker Services Agreement for Insurance Broker of Record services from Brown & Brown of Florida, Inc. has been prepared.

The proposed Insurance Broker of Record Services. Brown & Brown Insurance Services, Inc., will provide the County with Broker Services to include the following:

* Review and analyze the County's existing insurance coverage and identify potential lines of coverage or coverage enhancements to the County's insurance program.

* Analyze current insurance market conditions and advise the County of significant implications for the County's insurance program.

* Facilitate, market, and procure quotations from carriers; review and analyze quotations and provide proposals for review by the County.

* Secure and bind all coverage accepted by the County.

* Coordinate loss prevention services provided.

* Analyze past and current claim and loss history information and advise the County of significant implications for the County's insurance program.

* Provide property appraisals as needed every two years.

* Analyze the marketplace on behalf of the County and provide written proposals on all lines of insurance coverage; the County chooses to quote.

* Provide guidance on moving the County into the direction of self-insuring certain or all lines of property and casualty insurance coverage.

* The Insurance Broker of Record Services Agreement is a term contract for three (3) years with two (2) one-year renewal options.

* Per Procurement Manual Part 1. General, Section 3, insurance services are exempt from the competitive solicitation process and the Chief Procurement Officer has reviewed this requirement for con...

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