Title
A RESOLUTION awarding a contract for the furnishing of inland marine (equipment) casualty insurance coverage for use countywide to Chubb Insurance Group of Warren, NJ, at an estimated cost to the County not to exceed $25,000.00.
Intro
RESOLUTION # 15142, August 23, 2004
INTRODUCED BY Ronald E. Finley, County Legislator
Body
WHEREAS, the County's broker of record, Embry Co. Insurance of Kansas City (Jackson County), MO, has solicited proposals for the furnishing of inland marine (equipment) casualty insurance coverage for use countywide; and,
WHEREAS, Embry has received three quotes from the following:
Carrier Rate per $100 Value
Chubb Group of Insurance Cos. $.200
Warren, NJ
St. Paul Travelers Cos., Inc. $.265
St. Paul, MN
The Hartford Financial Services Group, Inc. $.725
Hartford, CT
and,
WHEREAS, Embry Co. recommends that award be made to Chubb Group of Insurance Cos. for the reason that it has submitted the lowest and best bid; therefore,
BE IT RESOLVED by the County Legislature of Jackson County, Missouri, that award be made as recommended by Embry Co. and that the Purchasing Director be and hereby is authorized to execute any and all documents necessary to the accomplishment of the award; and,
BE IT FURTHER RESOLVED that the Director of the Department of Finance is authorized to make all payments, including final payment on the contract, to Embry Co. as broker, in an amount not to exceed $25,000.00, representing $21,869.00 in initial premium and $3,131.00 to cover premiums on any additionally-acquired equipment.
Enacted and Approved
Effective Date: This Resolution shall be effective immediately upon its passage by a majority of the Legislature.
APPROVED AS TO FORM:
_____________________________ _________________________________
County Counselor
Certificate of Passage
I hereby certify that the attached resolution, Resolution # 1514...
Click here for full text