Title
Resolution to Approve a Five-Year Professional Services Agreement with Hylant Group for Insurance Brokerage Services and Risk Management Consulting ($457,500.00)
Memorandum
The resolution before you is to approve a best source contract with Hylant Group for insurance brokerage services and risk management consulting.
Hylant has a history of providing excellent insurance brokerage and risk management consulting services to the City. During the past eight years, Hylant has successfully navigated a challenging insurance market to keep premium increases to a minimum, while maintaining or expanding coverage.
The proposed annual fee for the renewed contract includes a one-time 5% increase to the current annual fee. This fee is inclusive of customized workers' compensation claim analysis that is used by the Safety Manager, Human Resources, and is a required document for the annual audit. The fee will then be locked in for the duration of the contract.
For these reasons, it is being requested that Hylant be approved as a best source vendor for these services.
Staff
Prepared by: Michael J, Pettigrew, Treasurer
Reviewed by: Kimberly Buselmeier, Interim Financial Services Administrator and CFO
Approved by: Milton Dohoney Jr., City Administrator
Body
Whereas, The City must secure insurance brokerage service and risk management consulting;
Whereas, The City currently has a contract, which expires June 30, 2025, for said services through Hylant Group;
Whereas, During the past eight years, Hylant Group has successfully navigated a challenging insurance market to keep premium increases to a minimum, while maintaining or expanding coverage;
Whereas, Hylant Group is uniquely qualified based on this experience and their ability to provide customized workers' compensation reporting used by the Safety Manager, Human Resources, and is a required document for our annual audit; and
Whereas, Hylant Group complies with the requirements of the City's Non-Discrimination a...
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