TITLE
Consider a memorandum/resolution to approve a professional services agreemnent with Texas Municipal League - Intergovernmental Risk Pool for worker's compensation and liability insurances.
SUMMARY
AGENDA ITEM
Professional Services Agreement with Texas Municipal League - Intergovernmental Risk Pool (RFP 16-20 Liability; Worker's Compensation; Property, Fidelity and Crime; and Public Officials Bonds Insurances Coverages)
ORIGINATING DEPARTMENT
Human Resources
BACKGROUND INFORMATION
The City has received insurance coverage from the same carrier, Texas Municipal League - Intergovernmental Risk Pool, since the early 1980's. A second RFP for these same lines of coverage was completed several year later, resulting in the City selecting the same vendor). The staff felt that a review was in order to ensure that the City is receiving the best coverage for the best price and to ensure that these insurances are administered in compliance with state and federal regulations which continue to evolve. Both purposes can be accomplished most effectively through the selection and support of experts who specialize in these areas.
DISCUSSION/CONCLUSION
To secure the “best value” in insurance coverages, City staff has utilized the RFP process to identify the provider with whom to partner. This RFP was designed to select a qualified, insurance carrier who has a proven track record of providing effective services in all aspects of insurance, particularly workers’ compensation, underwriting, and loss prevention.
Purchasing staff distributed the RFP to interested entities; posted the RFP on the City website, IonWave, DemandStar, and the State of Texas ESBD (Electronic State Business Daily); and advertised in the Killeen Daily Herald. Two (2) entities submitted proposals: Texas Municipal League - Intergovernmental Risk Pool (TML-IRP) and Bigham Kliewer Chapman & Watts (BKCW). As part of the RFP process, entities were ask...
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