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PROPERTY INSURANCE <br />I do not feel it is worth the exposure of self insuring Property and <br />Buildings when premiums are only $50,000 to $60,000 and one fire in the <br />Sheriff's Building or Administration Building could wipe out our <br />potential savings for years to come. (Consider a fire of only $80,000 <br />would wipe out three (3) years of savings.) <br />I recommend we either stay with our current carrier, Arden Waddell at a <br />premium cost of $53,093 with $2,500 deductible (premium does not include <br />South County Fire Property) or Schlitt Insurance Inc., which bid $39,938 <br />(including South County Fire Property) with a $10,000 deductible. Arden <br />Waddell needs to be given South County Fire's property information and <br />then we can determine which is the best alternative for the county.. <br />BOILER AND MACHINERY <br />Remain with the Schlitt Agency at a cost of $14,558. There is -really <br />only two companies that write this insurance. Most insurance agents <br />will bid the same premiums. <br />FIDELITY BOND <br />Either Arden Waddell or Schlitt Agency - both are bidding $3,456 and <br />same deductible. <br />INSURANCE COSTS PER MY RECOMMENDATIONS <br />Agency <br />FL League of Cities <br />FL League of Cities <br />FL League of Cities <br />FL League of Cities <br />FL League of Cities <br />Schlitt or Waddell <br />Schlitt or Waddell <br />Arden Waddell <br />Schlitt Agency <br />Type of Insurance <br />Worker's Compensation <br />General Liability <br />Automobile Liability <br />Auto Physical Damage <br />Equipment (Inland Nay.). <br />Property Coveage <br />Fidelity Coverage <br />Money and Security <br />Boiler and Machinery <br />cc: Jack Price - Personnel <br />Susan Tillman - Risk Management <br />Attachment <br />NOV 11988 <br />51 <br />Amount <br />$526,218 <br />$128,599 <br />$122,784 <br />$ 39,247 <br />$ 25,491 <br />$ 53,083 <br />$ 3,465 <br />$ 342 <br />$ 14,558 <br />$913,787 <br />BQOK 75 PVJ 51 <br />