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Exhibit 1 - Agenda Information SheetCity of Denton _____________________________________________________________________________________ AGENDA INFORMATION SHEET DEPARTMENT: Procurement & Compliance ACM: David Gaines DATE: February 2, 2021 SUBJECT Consider adoption of an ordinance of the City of Denton, a Texas home-rule corporation, providing for and authorizing the expenditure of funds by the City Manager and the Purchasing Agent for the purchase of EMS Professional Liability insurance coverage for the City of Denton, through the City’s sole broker of record, Lockton Companies, LLC; and providing an effective date (File 7622 – awarded to Admiral Insurance Company for a three (3) year not-to-exceed amount of $72,926.43). INFORMATION/BACKGROUND The City of Denton purchases Emergency Medical Services (EMS) Professional Liability liability protection for the operation of the City’s ambulance service and the activities of the City’s Emergency Medical Technicians (EMT). This policy covers potential liability due to the provision of professional ambulance services by the EMT’s and paramedics in the Fire Department. In addition to coverage for the typical liability exposures associated with emergency medical care, this type of insurance also offers coverage for sexual abuse and breach of provisions of the Health Insurance Portability and Accountability Act (HIPAA). The City’s current policy will expire on February 11, 2021. Given the complexities of this insurance product solicitation as described above, the City utilized the services of our broker of record, Lockton, to assist with procuring this coverage. State of the Market: The Miscellaneous Medical industry aspect of ambulance services has become an extremely hard market over the past year, resulting in renewals in the sphere of ambulance services going up significantly. The incumbent, Admiral Insurance Company (Admiral), has presented a favorable renewal premium reflecting only a 1% increase from last year. The City’s broker of record, Lockton, worked to obtain two (2) quotes to present to the City – one with the incumbent, Admiral, and the other with TDC Specialty Underwriters (TDCSU). Upon reviewing both quotes, the TDCSU quote’s coverage limits are lower than those quoted by Admiral, including TDSCU’s sexual abuse limits are only $100k/$300k while Admiral’s is $500k/$500k; TDSCU’s loading and unloading are sub-limited to $100k/$300k, while Admiral’s is included in the policy limits of $500k/$500k. Additionally, TDCSU removed evacuation and media coverage while the Admiral quote provides sub- limits for these coverages. City Hall 215 E. McKinney Street Denton, Texas www.cityofdenton.com RECOMMENDATION Award a contract with Admiral Insurance Company for EMS Professional Liability insurance coverage for the City of Denton with a first-year cost of $22,032.51. A 10% increase year over year is included to accommodate annual renewal increases for a three (3) year not-to-exceed amount of $72,926.43. PRINCIPAL PLACE OF BUSINESS Lockton Companies, LLC Kansas City, MO ESTIMATED SCHEDULE OF PROJECT This is a three (3) year contract. FISCAL INFORMATION Funding for EMS Professional Liability insurance is budgeted in the Risk Retention Fund. EXHIBITS Exhibit 1: Agenda Information Sheet Exhibit 2: EMS Professional Liability Quote Exhibit 3: EMS Liability Comparison Exhibit 4: Broker Recommendation Letter Exhibit 5: LLC Members Exhibit 6: Ordinance Respectfully submitted: Lori Hewell, 940-349-7100 Purchasing Manager For information concerning this acquisition, contact: Deby Skawinski, 940-349-7810. Legal point of contact: Marcella Lunn at 940-349-8333.