HomeMy WebLinkAbout~Master - Insurance Broker Services for Liability Insurance RESOLUTION NO. 18-332
RESOLUTION AWARDING CONTRACT FOR
LIABILITY INSURANCE BROKER SERVICES
FOR THE CITY OF AMES,IOWA
WHEREAS, on June 12, 2018, staff reported to Council on a selection process and the
benefits of having insurance broker services for the City's liability insurance; and,
WHEREAS,for the past several years,the City has purchased liability insurance from a risk
pool, rather than through brokers; and,
WHEREAS, reasons for using a broker include: 1)the ability to calculate adequate but not
excessive insurance limits; 2)the ability to provide information regarding premium trends specific
to public entities;3)the ability to provide guidance on the selection of the appropriate deductible by
line of coverage; and, 4)the ability to secure competitive insurance quotes from insurers who will
only work through brokers; and,
WHEREAS,on April 4,2018,a Request for Qualifications(RFQ)was issued to 11 firms and
two sourcing sites for proposals, and five responses were received; and,
WHEREAS, these proposals were sent to an evaluation team, and team members
independently evaluated and scored all five for qualifications; and,
WHEREAS,based on a unanimous decision by the evaluation team,the firm of KTA,LLC
d/b/a Knapp Tedesco Insurance,of Ames,Iowa,is being recommended to perform liability 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 Insurance Brokerage Services with KTA, LLC d/b/a
Knapp Tedesco Insurance, of Ames, Iowa, in the amount of$111,000 is hereby approved.
ADOPTED THIS 12t' day of June, 2018.
"R- L,0�_ "
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Diane R. Voss, City Clerk John . Haila, Mayor
Introduced by: Betcher
Seconded by: Corrieri
Voting aye: Beatty-Hansen, Betcher, Corrieri, Gartin, Martin,Nelson
Voting nay: None Absent: None
Resolution declared adopted and signed by the Mayor this 12`'day of June, 2018.