Commission Meeting Agenda Item

Agenda Item

Consideration of Fiscal Year 2021 World Risk Management and Public Risk Management Renewal Proposal

Department

Human Resources and Risk Management

Approve the Fiscal Year 2021 renewal proposal from World Risk Management and Public Risk Management of Florida.

Summary

World Risk Management presented staff with the renewal proposal for property, casualty, workers’ compensation, general liability, and boiler and machinery coverage. The overall increase is 10.82 percent. This proposal also includes cyber liability and pollution liability coverage.

Fiscal Impact

$678,670.

Source of Funding

Lady Lake Budget for Fiscal Year 2020-2021

Funding Account

The worker’s compensation costs will be coded to each department’s 2400-line item.

MG/nvs

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