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Title:
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Award of a Contract for Liability and Worker's Compensation Claims Adjusting Services
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Title
Award of a Contract for Liability and Worker's Compensation Claims Adjusting Services
Explanation
Since 1979, The City's Liability and Worker's Compensation coverages have been managed through a modified self-insurance plan. To assist the City in adjusting these exposures, a third party administrator is utilized. In November 1998, the Risk Management Department developed a Request for Proposal (RFP). It was distributed to twenty-two (22) interested vendors with seven (7) vendors submitting proposals. A RFP selection committee evaluated the written proposals, and based on these evaluations, Palmer & Cay was selected as the top proposer.
Fiscal Impact
Funds are available in the FY99 budget. The estimated costs of $190,000 are allocated in the General Insurance Fund.
Recommendation
The City Commission: 1) approve the selection of Palmer & Cay as the City's Third Party Administrator for Liability and Worker's Compensation Claims Adjusting; and, 2) authorize the City Manager, or his designee to negotiate with and enter into an agreement for three years, effective February 1, 1999, with the possibility for two (2) one year extensions, subject to approval of the City Attorney as to form and legality.