Laserfiche WebLink
aCp� -3176 <br /> ADDENDUM NUMBER <br /> TO SERVICE CONTRACT FOR <br /> AUTOMOBILE LIABILITY, GENERAL LIABILITY, AND <br /> WORKERS' COMPENSATION CLAIMS HANDLING <br /> This is the FIRST Addendum to the Agreement entered into between Johns Eastern Company, Inc., <br /> hereinafter called the SERVICE AGENT, and INDIAN RIVER BOARD OF COUNTY COMMISSIONERS, <br /> hereinafter called the EMPLOYER, dated the 24th day of October. <br /> This Addendum affects the remuneration to be paid by the EMPLOYER to the SERVICE AGENT for <br /> the handling of claims with a date of loss of October 1, 2006 through September 30, 2007. All other terms of the <br /> original Contract remain unchanged. <br /> The remuneration to be paid to the SERVICE AGENT under this Agreement by the EMPLOYER for <br /> workers' compensation claims handling and safety services during the term of this Agreement shall be as follows: <br /> 5. Compensation for the Service Agent: For performing its services under this .Agreement, the Service Agent <br /> shall be entitled to the following compensation: <br /> a. Fees for workers' compensation exposures whose dates of loss fall between October 1 , 2006 and <br /> September 30, 2007 will be a minimum and deposit of $62,350 .00. We will bill this minimum and <br /> deposit in four quarterly installments of $ 15. 587 .50. with the first payment due on October 1 . 2006 . <br /> This fee contemplates handling 150 workers' compensation exposures. If the number of exposures <br /> exceeds 150, then the fees will be $ 150.00 per medical only exposure and $995 . 00 per indemnity <br /> exposure. <br /> b. Fees for non-workers' compensation exposures whose dates of loss fall between October 1 , 2006 and <br /> September 30, 2007 will be a minimum and deposit of $ 13 ,400.00. We will bill this minimum and <br /> deposit in four quarterly installments of$3,350.00, with the first payment due upon program inception . <br /> This fee contemplates handling 22 non-workers' compensation exposures . If the number of exposures <br /> exceeds 22, then the fees will be: <br /> General Liability/BI $649 .00/exposure <br /> General Liability/PD $449 .00/exposure <br /> Law Enforcement/ProfLiab. $950.00/exposure <br /> Auto Liability/BI $649.00/exposure <br /> Auto Liability/PD $449.00/exposure <br /> Physical Damage $295 .00/exposure <br /> Errors & Omissions $950 .00/exposure <br /> Commercial Property $495 .00/exposure <br /> C. The Arthur J . Gallagher administration fee will be $5.000.00 covering October 1 . 2006 through <br /> September 30, 2007. <br /> All other service fee terms and rates outlined in the original contract remain unchanged. <br /> 6. Excess Reporting Obligation - Unless otherwise specified in this addendum, Service Agent agrees that <br /> reporting claims to excess insurance carrier is the ServiceAgent' s responsibility . It is the responsibility ofthe <br /> Employer to provide accurate coverage information regarding any insurance policies insuring claims covered by <br /> this contract. The information for all claim years that the Service Agent is handling will be made available to <br /> the Service Agent within 90 days of contract inception. New insurance information on renewal years will be <br /> made within 90 days of renewal date. Excess information will include name and claims reporting address and <br /> phone number of all carriers, policy number, effective dates, limits of liability, deductibles, specific retentions <br /> and loss funds. Actual policies will be provided. This information is required for each claim year that the <br /> Service Agent is handling for the employer. If this information is not made available as outlined in this <br /> paragraph, Service Agent will not be responsible for any penalties, interest, or reductions in excess recoveries <br /> because of late reporting. <br /> 7. Continuing Handling of Claims After Termination of Contract or Legally Imposed Mandates . Upon <br />