DEPARTMENT: Pre-K 4 SA
DEPARTMENT HEAD: Kathy Bruck, CEO
COUNCIL DISTRICTS IMPACTED: Citywide
SUBJECT:
Insurance Broker of Record for Pre-K 4 SA
SUMMARY:
This requests Board approval of a contract for Insurance Broker of Record Services for the San Antonio Early Childhood Education Municipal Development Corporation with McGriff, Seibels and Williams of Texas, Inc for an annual cost of $27,500.00 and a total cost of $165,000.00. The initial term of this contract is two years beginning October 1, 2015 through September 30, 2017 with four, one-year options to renew.
BACKGROUND INFORMATION:
Pre-K 4 SA solicits professional services from an Insurance Broker of Record vendor to advise the Corporation concerning its comprehensive risk management strategy, continuing evaluation of the Corporation's efforts to minimize necessary risks, and to maximize transfer of risks where possible. As the Broker of Record for Pre-K 4 SA, McGriff, Seibels and Williams of Texas, Inc. assumes professional responsibility for marketing of Pre-K 4 SA insurance requirements to qualified insurance carriers, placement of insurance coverage for the Corporation on terms and at costs favorable to the Corporation, and representation of the City's interests when conflicts with insurance carriers develop.
In April 2013, the City of San Antonio on behalf of Pre-K 4 SA entered into the current contract for brokerage services with McGriff to last until March 31, 2014. During the November 4, 2014 Board meeting, Pre-K 4 SA assumed control of the contract and extended services through March 31, 2015. Additionally, the Board approved renewal through September 30, 2015 during the April 7, 2015 meeting.
Pre-K 4 SA staff developed the Request for Proposal with counsel from the Risk Management and Purchasing Divisions of the Department of Finance for Insurance Broker of Record which was issued April 23, 2015. A proposal from one firm was submitted within the publishe...
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