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Home My WebLink About03/01/1967WBDNBS:'AY, PARCH 1, 1967 The Board of County Commissioners of Indian River County met in Special Session at 7:30 o°clock Pe Pie, on Wednesday, Match 1, 1967, at the Indian River County Courthouse: in Vero Beach, Florida. All members were present. Also present were County Attorney Sherman N. Smith, Jr.; County Administrator Jack G. Jennings,and Deputy Clerk Alfred H. Webber. The Chairman stated that the County Commissioners of Brevard County have had signs erected at the Sebastian Inlet warning small boats b of navigation hazards in the Inlet, and have requested that a similar sign be erected on county property in Indian River County at a cost 6f approximately $96.000 It was moved by Commissioner Macdonald,. seconded by Commissioner Dritenbas that the County Administrator be authorized to have a suitable sign erected in Indian River County. The Motion was unanimously carried, Insurance Agents Rudy Hubbard, Bud Dalrymple;,-:nd Al Crawford made various recommendations concerning insurance programs,for Indian River County. They then presented the following proposals, respectively: Bear 10 PAGE RUDY HUBBARD AGENCY 1520 - 20th STREET VERO BEACH, FLORIDA February 27th, 1967 BOARD OF COUNTY COMMISSIONERS OF INDIAN RIVER COUNTY Vero Beach, Florida. Gentlemen: We are pleased to.make the following quotation through the Home Insurance Company, your present insurance carrier: A complete description of the coverages is ommitted since you are acquainted with what we have been supplying and since you also have our policies: AUTOMOBILE COVERAGES: This covers the additional vehicles purchased during the past year and incl- udes the fire trucks that you have pre- viously covered under a separate policy, GENERAL LIABILITY: This is the third year premium on your three year policy. FIRE INSURANCE: Same coverages as your present ° policy. VOTING MACHINES: EQUIPMENT FLOATER: WORKMEN'S COMPENSATION: (See attached for individual rates) TOTAL AMOUNT OF QUOTATION: $3,912.00 $4,490.00 $2,206.00 $ 540.00 $1,353.00 $8,875.00 $21,376.00 The Sheriff's Department's vehicles are written at 125% of standard • rates. If the loss record continues until normal expiration in August,'The Home Insurance Company will issue renewal at standard rates. We do not recommend that the Sheriff's fleet be included with your fleet. If you desire a common expiration date we will issue coverages on these cars at manual rates ($30799.00) as.of and give you a prorate cancellation on existing policy. This premium is based on existing schedule of automobiles. RH:me '.4 The HOME 'ma'am Company MAR 1 196? Sincerely yours, BARD AGENCY The HOME Indemnity Co B'Oblpite 0 b a WORKMEN'S C O M P E N S A T I O,N Per schedule below Experience Modification: .70 Premium Discount (size) DEPOSIT PREMIUM $14,181.00 9,927.00 1.052.00 $ 8,875.00 CODE NUMBER 5506 9019 9015 7720 5403 8833 5222 5507 9410 8810 BAR 1 19 rates 4.00 3.00 2.41 2.23 6.46 .50 6.95 4.84 1.25 .20 t 9 11 a. Y INSURANCE PROPOSAL" BOARD OF COUNTY COMMISSIONERS INDIAN.RIVER COUNTY PREPARED BY DALRYMPLE INSURANCE AGENCY `,14.41. 1 g7 4 e IN$tJRANCE P INlPOSAL FOR BOARD OF COUNTY COMMISSIONERS OF INDIAN RIVtR COUNTY I. All buildings and contents in b accordance previous coverage schedules for the perils of Fire, Extended�rhgd Vandalism Mjlions Mischief inthe amount of $720,675.00 Total Annual Premium 0 $100. Deductible applies to all perils. II. Contractors Equipment Floalter in the amount lusif $186,898. 00 all risk physical:loss subject to standard. Total Annual Premium 1495.00 III. Voting machines, All Risk.Coverege subject to standard, exclusions in the amount -of $1008000.00 Total Annual Premium 540.00 • IV, General Liability ;including premises and automobiles in accordance with previous Coverage schedules. , Total l Annual Premium .6912 .00 Ye workmen's Compensation based in current Experience Modification and;present:::poilcy schedules. (a) Guaranteed cost•besis Total Annual P remi trio 8837.00 (b) RetrospecP�v�ei�ting Plan 9927.40 Deposit NOTE With continued excellent loss ratio there Isis possible savings under this plan of $3971.00 The maxium penalty which could be invoked would amount to 1985.E Because of this agency's experience in setting up Plan 0 for the City of Vero Beach, which resulted in a savings of more then $55,000.00 over a six years period of time, it is our recommendation that Plan 0 be adopted. M. W. DALRYMPLE 'DALRYMPLE INSURANCE AGENCY /41A/16 twa 10 Kt rt • Independent Insurance Agents of Indian River County Vero Beach, Florida March 1, 1967 Mr. Robert Graves, Chairman Indian River County Commissioners Vero Beach, Florida Gentlemen: The Big °' I °° want$ to thank you for letting us present. `you with an insurance proposal. We want to congratulate you on accepting proposals. We firmly believe that you should deal with one responsible person or association: 1. Insurance is a service of providing a proper program to reimburse you in the event of a loss. A poor program provides poor reimbursement and is costly to the taxpayers. Anyone can quote you insurance rates. Few take the time to properly evaluate and recommend a program of insur- ance. We believe 6 heads are better than one. The Big "I" is providing you with a service --- a survey of your properties - their replacement cost their .insurable values - the amount of present insurance. A similar service in the past has been purchased for in excess of $2,000.00. We are providing this as a display of confidence that you will enable The Big "I" to act as your Insurance Agent of Record. 2. We are appointing Warren Zeuch, Jr., as Agent In Charge and Louis Schlitt as Second Agent In Charge. Both will have all policies and will be'available at all times for the complete program. - 1 - MEMBER AGENTS BANACK INSURANCE AGENCY VERO INSURANCE INC. BUCKINGHAM -WHEELER AGENCY ED SCHLITT AGENCY WARREN T. ZEUCH AGENCY DEKOLD INSURANCE AGENCY A. E. SPINELLI INSURANCE AGENC sot* 1D PACS 281 Nu 1 1961 • Indian River County Commissioners - 2 - .March 1, 1967 3. We are presently handling the insurance programs for The City of Vero Beach and the Indian River Memorial Hospital. For your edification only - the Commission is kept by the agent, or agents, having the best. proposal, and not divided up with all members. However, 40% of the commission is paid to The Association to carry out its civic programs - in Safety work with Fire Prevention, Accident Prevention, Safety Council, and just recently gave $600.00 to The City for sending a policeman, Mr. Cochran, to school. We are the only recognized associ&tion of Professional General Insurance Agents in this city. Our Association has, during the past 3 years, spent much time and effort, as well as money, on civic endeavors. Here is a breakdown for the past 3 years. 1964 - 1965 1965 - 1966 1966 - 1967 TOTAL $290.37 668.66 2,143.07 $3,102.10 4. In our proposal we ..have strongly improved your program by writing blanket insurance in lieu of specific. In this way you will never be under insured for a loss as long as the Statement of Values are completed properly. We have taken advantage of modern packages and coverages resulting in providing savings up to 50%. This includes recommending deductables up to $100.00 to save greatly on the cost factor. However, we also certainly gave weight to claims repre- sentation, engineering and company reputation, in selecting our proposals. "Best" rating is A+AAAAA, the highest obtainable. MAR 1 1961 eooK 10 PAO Indian River County Commissioners - 3 - March 1, 1967 5. We compliment you for the .direction you have taken. Placing this responsibility on one shoulder. You have gone a long way to a better program of insurance. We ask you to take one more step.- we do not want to confuse, but we are ready to be of service - we will assure you of.a program that will defy criticism. We ask that you appoint The Big °' I °° as your Agent of Record. A summary of coverages and cost is attached. Note, this is in comparison to $37,053.86, which you were charged by your present agent. lls/np Sincerely yours, INDEPENDENT INSURANCE AGENTS of Indian River County A.E. Spinelli, President OAR 1 167 goes 10 PAGE 283 1. Value: $1,010,444.00 (as per survey) Coverage 909,400.00 - 90% Blanket Building and contents under the Public and Institutional Property Form, subject to a $100.00 deductible, Includes automotive coverage for additional property & coverage away from premises 2. Contractors Equipment Floater for 187, 813 and $100,000.00 Voting Machine Schedule 3. Automobile Liability and Physical damage Coverage - $100,000.00 per person Bodily 300,000.00 per accident Injury Property Damage 25,000.00 Comp. &$50.00 Ded. on Private. Passenger Vehicles Fire, theft and $100.00 Ded. - all other Vehicles , No physical damage on any vehicles over 7 years old (Figure includes coverage on all equipment including Fire Trucks) 4. Comp. General Liability coverages in the amounts of $100,000.00 / $300,000.00 / $25,000.00 on an occurrence basis as per schedule 5. Workmen's Compensation Coverage - Statutory - Retrospective Rating Plan I 3 yr. premium Minimum $20,796.67 Standard 29,127.00 Maximum 34,952.40 Annual Basis Minimum 6,925.06 Standard 9,709.00 Maximum 11,639.01 A $1,426.00 1,556.00 4,555.00 3,122.00 * Participating Plan Premium Modification .70` Premium Discount 9.5 Maximum Dividend 9.5# Deposit Premium 8,836.00 * Dividend figured at end of the year) after annual audit, in addition The Association, after much deliberation and consideration recommends the.participating plan. 600111) PAGE 2841 TOTAL $19.495.00 No other proposals were submitted. The Board recessed to consider the three proposals. When the. Board re -convened, it was moved by Commissioner Bogosian and seconded by Commissioner Macdonald that the 3 -year proposal of the Independent Insurance Agents of Indian River County be accepted as submitted. The Chairman called for a roll call vote, and Commissioners McCullers, Mac- donald, Bogosian and Dritenbas all voted in favor of the motion, where upon the Chairman declared the motion unanimously carried. It was moved by Commissioner Dritenbas and seconded by Commissioner McCullers, that sixty days prior to the expiration of the County°s insurance coverage in 1970, the Board of County Commissioners shall submit to all interested insurance agents of the County a complete resume' of the current insurance coverage and experience, and invite the submission of insurance proposals. The motion was unanimously carried. There being no further business, on Motion made, seconded and carried, the Board• adjourned at 9:25 o'clock P. M. ROBERT W. GRAVES, CHAIRMAN 0 BOOK 10 MOS