HomeMy WebLinkAbout1995-06-26 95-299 ORDER------ COUNCMACTION
Date: June26,1995 Item No,gS__2gg_
ItendSubjecC City's Property & Casualty Insurance
Responsible Department: PurchasingTinance
Commentary:
Three proposals were received for the Chis property and casualty insurance and the quoted prices
ranged from $190,580.00 to $271,543.00 for the complete package - see attached tabulation of
proposals. The lowest cost proposal (from Dunlap) was reviewed tluoughly and the proposed insurance
coverage was found to be substantially complete. A second review of the actual insurance policy will be
conducted to insure that all quoted coverage are intact.
The proposed amount of$190,580.00 is considerably les thin let year's cost of $247,914.25 for the
City-wide insurance.
The centrem award to DuNap Insurance was reviewed by the Finance Conmuttee on June 19, 1995
and forwarded to the City Council with a recommendation for approval.
t
LApproval
ts: g..m+a.D. Yha 44
CityMaveger
ion: Bid Tabulation, Finance Conscience Recommendation.
Frun eDirector
)&�
City So 0
Y, Passage El First Reading El Refit
95-299
"igoed to Caandor Tyler June 26, 1995
CITY OF BANGOR
MnL) 1brbnek h°rizing Award ofCoNracl for the Crtys Property& Casualty Insurance to
Dunlap Cmpomtion.
By tM CuyC u*U NW Cft ofBa .
ORDERED,
TMT Edward A.Barrett, City Manager is hereby authorized to execute a comract
with Dmdap Corporation, the most competitive proposer 9 $190,560.00 for the Citys Property
& Casualty lnsumace. .
IN CITY COUNCIL
June 26, 1995
P e
CITY RR
95-299
ORDER
Title, Autlo irg A d of Contact for
the City's Property 6 Causalty aMe
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�'co ciLnan
JyA 95-299
CITf --�w AWARD RECOMM NDAT1O
AIN[ V
BM Mim(S): LS P avdC r.
DEPARTMENT:
BDDDETREFERENCE:
X Regular APpropriamms Budget Requisition No. s..m,=s trmo-act
X Ev[erprise Puvd lhm BudgetedA t $ tiw Wide
Total Ammat of
Dryer AxreN lterumrneodanov $19058000
NumberoflBids Seat 8 Number ofB Rxavod: 3
'Dace Advertised-'- Amil 131995 Bid Opening Date: Mav311995
COMMENTS: -
Award the three year contract for the Cltys property and causality ire mmoe to the Durdap.
Corpmmior4 the most competiriw proposer ai $190,580.00 for the fist annual premium.
I styear our insumace con was 5247,914.25. Dunlap Corporation hm provided the City's
property and causality imureace over the previous 15 to 20 years.
Pu i
APPR vV s
crry coDNCR PEdrEy .
Date: haw 19 1995
TABULATION OF INSURANCE PROPOSALS
CITY PROPERTY & CASUALTY INSURANCE
Bid Opening Date: May 31, 1995
INSURANCE TYPE
Dunlap
MMA
Peabody
Property Insurance
37,502.00
55,799.00
Not Itemized
Deductible
1,000.00
1,000.00
Deviations
Flood is excluded.
100°Acmerageforbuildings,
comtems, radio equip., contractors
equip. & EDP (rather than 900/9).
Loss ofRems limit -100,000. Total
liability for pool 2,000,000 pa
commerce. 250,000 crime coverage
included. 10,000 ded. horse buns.
General Liability
74,793.00
42,186.0D
Not Itemized
Deductible
Deviations
Aggregate outside Maine Tort
No aggregate Gmit. Garage keepers
Claims Act is 21000,000
Ito liability included. Sexual
misconduct & MV & related
diseased extension included.
Comprehensive Auto liability&Physical
62,735.00 -
61,118.00
Damage
ti
Deductible
Deviations
No physical damage coverage
Comprehensive & collision not
quoted.
provided.
Boiler&Machinery
5,140.00
7,686.00
Not Itemized
Deductible -
1,OOD.00
below
Deviations;
1,000 applies to motom &pumps.
10,000 deductible for transfmles s
10,000 KVA& over. 500 applies to
all other objects. 30,000,000 blanket
limit per accident. Extra Exp, limit
500,000. Expediting exp. hear
100,000. Hazardous substance limit
50,000. Ammonia contamination,
water damage & consequential
damage limit 30,000,000
Ambulance Malpractice Professional
Included in G.L. above.
1,80D.00
Not Itemized
Liability
_
Deductible
Deviations
Law Enforcement liability
10,310.00
34,979.00
Not Demand
Deductible
1,000.00
1,000.00
Deviations
TOTALPRENRUM
190,580.00
233,568.00 -
271,543.011