FROM: Robert Thompson, General Manager
Originator: Lorenzo Tyner, Assistant General Manager
SUBJECT:
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INSURANCE BROKER SERVICES
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GENERAL MANAGER'S RECOMMENDATION
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RECOMMENDATION:
Approve a Professional Consultant Services Agreement to Alliant Insurance Services, Inc. to provide Insurance Broker of Record Services, Specification No. CS-2022-1359BD for a total amount not to exceed $150,000 for the period beginning July 1, 2023 through June 30, 2024; with four (4) one-year renewal options.
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BACKGROUND
Annually, the Orange County Sanitation District (OC San) works with the Insurance Broker of Record to purchase five major insurance coverages for its assets and operations, which include:
1. Excess General Liability Insurance
2. Excess Workers' Compensation
3. All-Risk Property and Flood Insurance
4. Boiler & Machinery Insurance
5. Earthquake Insurance
The insurance broker also assists with smaller coverages such as crime, cyber, and watercraft insurance.
The broker surveys the insurance market to find coverage that meets OC San's specific needs at the lowest possible premiums. This ensures OC San receives the best possible premiums and coverage. OC San does not pay the broker directly for these services; rather, the broker is paid by the individual insurance carrier through a commission. The commission is included in the premiums the insurance carrier quotes.
Alliant Insurance Services, Inc. (Alliant) is highly experienced with California governmental agencies, as it insures the vast majority of California counties, along with hundreds of California cities and special districts. Alliant has experience with many California sanitation districts and is currently the insurance broker for OC San. Alliant's Public Entity Property Insurance Program is considered one of the largest programs available. Alliant also provides access to workers compensation insurance provided by Public Risk Innovation, Solutions, and...
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