Finance Committee Meeting Tuesday, February 14, 2023 01:05 PM Commission Chambers

FINANCE

1.Motion to approve the minutes of the Finance Committee held on January 31, 2023.

Coversheet Finance Minutes 1-31-2023.pdf (0.06 MB)
Finance Minutes 1-31-2023.pdf (0.04 MB)

2.Approve Excess Workers’ Compensation Insurance with Safety National Casualty with statutory limits and a $1,000,000 Self Insured Retention (SIR – otherwise known as the deductible) to cover all positions for a premium of $510,620.

Cover Sheet 2023 WC Excess Renewal.pdf (0.06 MB)
Augusta-Richmond XS WC Board Renewal Summary 1.26.2023.pdf (0.32 MB)
Augusta-Richmond Executive Summary 1.26.2023.pdf (0.74 MB)
23 24 SNCC XS WC Quote - 3 SIR Options.pdf (5.80 MB)

3.Motion to approve execution of first contract extension with Workers Compensation Provider, CorVel.

Cover Sheet 2023 Corvel Contract Renewal.pdf (0.06 MB)

4.Request to approve Augusta Commercial Property Insurance coverage for 2023 offered through Affiliated FM, current carrier, for a premium of $815,966 for full blanket coverage and limited flood coverage in flood prone areas.

Cover Sheet for Commercial Property Insurance Renewal.pdf (0.06 MB)
ARC.pdf (0.92 MB)
Declined.pdf (0.38 MB)

5.Motion to approve Insurance Brokerage Services for 2023 RFQ item #22-274 offered through Marsh McLennan Agency, to include Commercial Property Insurance (including Boiler and Machinery), Public Officials Liability /Employment Practices Liability (POL/EPL), and maintain the Surety Bond for Augusta, GA and additional services as requested.

Coversheet Insurance Brokerage.pdf (0.06 MB)
22-274 RFP Advertisement for Paper.pdf (0.02 MB)
22-274 OFFICIAL TAB.pdf (0.05 MB)
22-274 Cumm Eval.pdf (0.19 MB)
22-274 Insurance brokerage recommendation of award.pdf (0.04 MB)
22-274 Final Contract - .pdf (0.21 MB)
FYI Process Reguarding RFP updated 5-3-21.pdf (0.02 MB)