Item:
Title
Request that the Board suspend the rules and delegate authority to the County Attorney to Execute a Contract Amendment with Arthur J. Gallagher Risk Management Company, LLC for Insurance Brokerage and Risk Management Services through January 9, 2026, in the Amount of $42,000.00 (5min)
Body
Date of BOCC Meeting: February 3, 2025
Request for Board Action:
Agenda Text
The Board is requested to suspend the rules and delegate authority to the County Attorney to execute the Amendment to execute a Contract Amendment with Arthur J. Gallagher Risk Management Company, LLC for Insurance Brokerage and Risk Management Services through January 9, 2026, in the Amount of $42,000.00 and to sign any future amendments to this contract.
The current contract term began in January 2024 and needs to be extended through January 9, 2026 (one year). Arthur J. Gallagher has had a long-standing relationship with the County serving as its insurance broker since 2012. The County finances its risk using a combination of commercial insurance and self-insurance programs. This contract ensures that this strategy remains effective and in line with current market conditions for third party insurance coverage. Arthur J. Gallagher Risk Management Company, LLC provided a response to RFP 23-012 requesting vendors for consultation services in the areas of risk financing, claims reporting and claims management, safety and loss control, and insurance premium and bond premium payments, resulting in the current contract. Funding for this contract Amendment will come from the Risk Management budget. The services provided in the contract and this Amendment are critical to ensuring the County appropriately manages financial risk transfer on an annual basis through fair market pricing of insurance.
Attachments: Proposed Amendment; Scope of Work; Certificates of Insurance; Current Contract
Alignment with Strategic Plan: This aligns with Strategic Goal 5: Accountable, Efficient and Visiona...
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