HomeMy WebLinkAbout~Master - Contract for Property Insurance Broker Services RESOLUTION NO. 12-190
RESOLUTION AWARDING CONTRACT FOR
PROPERTY INSURANCE BROKER SERVICES
FOR THE CITY OF AMES,IOWA
WHEREAS,this action deals with a proposed contract for insurance broker services for the
City's property insurance, and on December 13, 2011, staff reported to Council on a selection
process and the benefits a property broker can provide; and,
WHEREAS, for the past seven years, the City has purchased property insurance from an
insurer that sells direct to its customers, rather than through brokers; and,
WHEREAS, reasons for using a broker include: 1) the ability to provide loss control
engineering advice from the City's perspective versus the insurer's; 2) the ability to assist
departments in recommending prudent capital improvement decisions for risk mitigation projects;
3)the ability to calculate adequate,but not excessive insurance limits; and,4)the ability to provide
competitive insurance quotes from insurers who will only work through brokers; and,
WHEREAS, in December 2011, staff retained a professional appraisal firm that completed
on-site appraisals for four of the City's highest value facilities in order to ensure that accurate total
insured values were being used; and,
WHEREAS,on January 5,2012,a Request for Qualifications(RFQ)was issued to 13 firms
for proposals, and 7 responses were received; and,
WHEREAS, these proposals were sent to an evaluation team, and team members
independently evaluated and scored all seven for qualifications; and,
WHEREAS, based on a unanimous decision by the evaluation team, the firm of Willis of
Illinois,of Moline,Illinois,is being recommended to perform property insurance broker services for
the City of Ames.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Ames, Iowa,
that a three-year broker services contract for Property Insurance Brokerage Services with Willis of
Illinois, Inc., of Moline, Illinois, in the amount of$160,000 is hereby approved.
ADOPTED THIS 10' day of April, 2012.
Loa& A0040 uv.
Diane R. Voss, City Clerk Ann H. Campbell, Mayor
Introduced by: Wacha
Seconded by: Goodman
Voting aye: Davis, Goodman, Larson, Orazem, Szopinski, Wacha
Voting nay: None Absent: None
Resolution declared adopted and signed by the Mayor this 10'day of April, 2012.