The URL can be used to link to this page

Home My Public Portal Aboutr 02:019Nc. 02-19 Date ot'AdoptioaJanuary 1~ 2002 AUTHORIZING AGREEMENT FOR EXTRAORDINARY, UNSPECIFIED SERVICES WHEREAS, there exists a need for Insurance Coverage; and WHEREAS, the maximum amount of the contract in question is $285,863 for General Liability, Property, inland Marine, Boiler/Machinery, Umbrella, Auto, Fire Trucks, Police Professional, Public Officials, Surety Bonds and not to exceed $30,363 for Excess Workers Compensation and AD&D, and funds are available in an appropriations entitled insurance and Surety Bond Premiums and have been Certified by the Chief Finance Officer, said certification being attached; and WHEREAS, N.J.S.A. - 40A: 11-1 et seq. requires that the Resolution authorizing the A;vard of Contracts for "Extraordinary, Unspecifiable Services" without competitive Bids and the Contract itself must be available for public inspection; and WHEREAS, this Resolution meets the Statute and Regulations governing the award of said contracts; NOW, THEREFORE, BE IT RESOLVED by the Council of the Borough of Carteret as follows: 1. The Mayor and Borough Clerk are Hereby Authorized and Directed to execute an agreement with David Balkan from O'Gorman & Young. This Contract is awarded without competitive bidding as an "Extraordinary, Unspecifiable Service" in accordance with 40A:11-5 (1)(a)(ii) of The LocaI Public Contracts Law because insurance including the Purchase of insurance Coverage are specifically excluded. 3. Notification of Contract Award shall be printed once in the News Tribune. Adopted this st 1 dayofJanuary, 2002 and certified as a tree copy of the original on January 2, 2002. KATHLEEN M. BARNEY, RMC/CMC Municipal Clerk COUNCILMAN y PARISI REIMAN RIOS X - Indicate Vote S NO ' NV A.B. AB - Absent RECORD OFCOUNCILVOTE COUNCILMAN SANTOR0 SOHAYDA SOSNOWSKI NV - Not Voting YiS NO NV XOR - Indicates Vote to Overrule Veto el' Adopted at a meeting of the Municipal Council anuar¥ 1, 2002 Certification of Extraordinary, UnsDecifiable Service To: From: Re: January 1, 2002 Mayor and Council Patrick J. DeBlasio, CPO Contract for: Insurance Coverage-General Liability, Property, Inland Marine, Boiler/Machinery, Umbrella, Fire Trucks, Police Professional and Public Officials, Excess Workers Compensation Insurance. This is to request your approval of a Resolution authorizing a contract to be executed as follows: Firm: Cost: O'Gorman & Young(Dave Balken) Package Policy $285,863.00 Excess W/C Insurance 29,671.00 Total $315,534.00 Period: Package Police 01/01/02 thru 12/31/02 W/C Insurance 01/01/02 thru 12/31/02 Purpose: Insurance Coverage as stated above This is requested to be awarded without competitive bids as an extraordinary, unspecifiable service (N.J.S.A 40A:11-5 (1) (a). do hereby certify as follows: 1. Ouotations have been solicited and are as follows: Auto, and As attached. This is the lowest quotation. (If not, explain why in detail) 2. Insurance coverage is specialized and qualitative in nature requiring expertise, extensive training and proven reputation. Insurance contracts have been modified over the years to conform to Borough requirements and policies. 3. This cannot be described by written specifications because: It is not reasonably possible to draft specifications to meet the Borough requirements of all the various liability coverage and administration thereof. 4. I have reviewed the rules and regulations of the Division of Local Government Services as contained in the local public contract guidelines (revised) and certify that the proposed contract may be considered as an extraordinary, unspecifiable service in accordance with the requirements thereof. Name: Respectfully, Patrick J. DeBlasio, CFO ...... ~_ 9:lBFM O~ORMAM&YOUM~ M0.94~ P.1 TO: Patrick DeBlasio O'GORMAN & YOUNG, INC, PUBLIC ENTITY DIVISION 159 MAIN STREET CHATHAM, NJ, 07928 FACSIMILE TRANSMITTAL SHEET FROM~ David L. Balkea Borough of Catheter 12/27/01 732-541-2884 1 (973) 635-1800 Ext. 250 7msur ance (973) 635-3437 URGENT I~Og KEVIIiW X PLEAS1~ COMldENT PLEASE KEPL¥ PLF.,ASE KBCYCLE Think you for the Allied Ri~k workers comw-~adon lo~ea. I sear them our ro market and should, have a few quotes for you tomorrow afternoon. Losses again look very good~l As r~or the quotes you received from Gartlattd, the fully-insured quote at $335 348 (not inelufli, = workers comp.) only often a $5,000,000 limit of liabltky and has a $5,00~ .dest. ~ctible on th~ Pub.Iic CffJlcial~ ]policy. IT also does llot tell you what the property deducnble m or who is the carrier. Theses are rh;,~ you need go know! AS {or the self-insured quote, the premium anlmmt of $212,000 (not induding workers comp) i, qo: bad but again it only offers a $5,000,000 limit o~liabilit7. Also, your average yearly los~s for ::.e past 4 years have been $142,094. Excluding the $324,515 loss in 1998 the average comes clown to $60,965. $212,000 + $60,965 = $272,965, However, realistically you should fund somewhere between $I42,094 and $60~965 or $100,000. $212,000 + $100,000 - $312,000. Ei~xer way, the $285,000 fully-Nmred quote from the Middle_~x CotmtyJIF is your best opdonI Ju~r wanted to show you a comparison. Hope ir hdl~t. i~i b~ in touch with you tomorrow (FHday) morning. If you tell me to go ahead with the JIF ey. cte, Fl] get you the Binders, tD cards, resolution and/ndemniry and trust agreemeats. Thanks for all your helpl David L, Balkea, Director-Public Entity Division OG&Y 0'GORMtN & YOUNG, lnc, BOROUGH OF CARTERET MIDDLESEX COUNTY JOINT INSURANCE FUND COVE1LS~GE HIGHLIGHTS COVERAGE LIMIT DEDUCTIBLE Property: Buildings & Contents: $14,164,873 $1,000 General Liability: $10,000,000 $0 Auto Liability: $10,000,000 $0 Auto Physical Damage: Actual Cash Value Collision: $500 Comprehensive: $250 Public Officials Liability: $10,000,000 $0 Law Enforcement Liability: $10,000,000 $0 Employee Blanket Bond: $250,000 $250 Equipment Coverage: $300,000 $1,000 Environmental Coverage: $1,000,000 $15,000 Total Annual Assessment: $285,863 159 Main Street · RO. Box 960 CHATHAM New Jersey 07928 Telephone: 973.635.1800 · Facsimile: 973.635.7744 www. ogy~jrmulmy.com /07 State Rood · J~O. BOX 83 P R I N C E T 0 N New Jersey 08542 Telephone: 609.924.5000 · Facsimile: 609.924.8487 'ON X~ Middlesex County Municipal Joint Insurance Fund Budget History 1998 1999 ~00~ tOO? Bpdq~( Budoet Budeet Budoet Property $ 410,000 $ 537,575 $ 522,000 $ 657,000 Liability $ 1,785,818 $ 1,781,238 $ 1,800,000 $ 1,939,000 Auto $ 618,967 $ 422,933 $ 510,000 $ 522,500 WC $ 2,290,000 $ 2,702,639 $ 2,700,000 $ 2,861,500 F-AP $ 89,555 $ 80,150 $ 80,000 $ 70,000 Admin $ 800,150 $ 841,605 $ 823,000 $ 852,000 Cont. $ 48,000 $ 25,000 $ 25,000 $ 30,000 Loss ControlAdvisor $ 42,326 $ 137,975 $ 116,176 $ 153,000 Right to Know $ $ 96,800 $ 70,000 $ 70,000 Total Revenue $ 6,084,814 $ Federal Hill Risk Management, LLC 1051-53 S. Charles Street Baltimore, MD 21230 Voice: 1-888-837-0574 Fax: 1-877-752-2815 e-mail: petertdoheny~fhrm.net 7,:: Patrick DeBlasio From: Peter T. Doheny :St: BomughOfCarteret Date: December24,2001 Fax: *02 Pages: Two ~' 2002 Budget Imawance Premiums Palrick. as of today, I have tw~ options for yom R.new all available prima~y and excess policies, as follows: Packagc: $245,284 Crime: $ 800 ?ubl/c Officials: Env/ronmental: Umbrella: XSWC: Claims Fund: $ 15,264 (deductible increased to $25,000) $ 24,O00 TBD (I would have to assu~e an additional $50.000 to get to $5,00~,000 pe~ claim/$10,000,000 aggregate) $ 5,000 (is this correct-this is the last price in our files) Has Allied given you any advice - other than Moylarg look~ like should be allocating about $150,000 each year ?7 ,.? ? ~ i!:~ 1~10752~815 FHRM LLC PA~E 82 ?otal Ophon 1) $520,711 PagcTwo. Self-Insure Auto PD/AL/GI./Polic~ Professional and Public Officials, with: Dynamic Claims in Toms River as TPA for all claims (you would be terminating the Allied contrac0: Excess AldGldPolice Professional and Public Officials coverage v~5~ ~ & Fomer with $200,000 Retention (deductible), limit $5,000,000 per claim, $10,000,000 aggregate: XSWC: ?~mary property, environmental and crime (as above): Loss Fund: Total option 2) $492,363 /~,~ $ 50,000 $117,000 $ 3~363 $ 45,0OO $250,0OO Patrick, both options assume the Borough (or provision within the' fully fund~ the loss fund with a dedicated line item tmuranee ar~s of the budget) which is how we recommend you do it, al~tough other cbent~ have chosen not to, and mn the risk of having to find fund~ to meet c!aims ad hoc. Should the Borough choose not to with ~=ommendation, obviousl,, the total for"-"- ..... go om' cla/rn~ l~nd funding .~ uum opuoDs Wlil reducc in th~ area. Our recommendation is option 2), and I will disclose here that I own 60o/0 of DCM, but am not invo. tved in its day-to.~y services, i do not feel there to be any conflict in bundling these sermces, neither doe~ the NJ Department of Banking and Insur~ce. Indeed, Crum & Forster rv~u~es *Jmt DCM be the TPA if we buy their exce~ coverage !! Please call me to discuss this fax.