HomeMy WebLinkAbout2022-4108CONTRACT #2022-4108
AGREEMENT FOR AGENT OF RECORD SERVICES
WHEREAS, the League of Minnesota Cities Insurance Trust requires cities to use the
services of an agent in order to participate in the LMCIT property/casualty program; and
WHEREAS, the City Council has reviewed and considered the written materials from
LMCIT discussing the agent's role and compensation in LMCIT; and
WHEREAS, Brian J. Lundquist has agreed that the Nesbit Group is willing to provide to
the city the services listed below under the terms and conditions listed below;
The City Council of the City of Columbia Heights resolves as follows:
APPOINTMENT
1. The City of Columbia Heights hereby appoints as its agents for purposes of the City's
participation in the League of Minnesota Cities Insurance Trust (LMCIT)
property/casualty program.
Term
2. This appointment is to begin on 06/01/2020 and is anticipated to remain in effect
until 06/01/2023 but may be terminated sooner with cause and ninety (90) days
prior written notice by either party.
COMPENSATION
3. As compensation for services provided to the city as described in paragraph 4
below, the agent will receive a fee of $1,000.00/month for property, liability, and
fleet automobile coverages. Workers' Compensation fees shall be included in the fee
listed above. Agent stipulates that if the Columbia Heights City Council does not feel
that Brian J. Lundquist and the Nesbit Group have performed the "services" listed on
page 2 to their satisfaction, 50% of the fees received will be returned to the City of
Columba Heights.
SERVICES
4. The agent will perform for the city the following services:
a) Advise and assist the city in assembling and accurately reporting underwriting
data, including updating property values, for rating purposes.
b) Advise and assist the city in evaluation and selecting among coverage
alternatives such as deductibles, limits, optional coverage, alternative coverage
forms, etc.
c) Review coverage documents and invoices to assure coverage has been correctly
issued and billed.
d) Advise the city on potential gaps or overlaps in coverage.
e) Assist the city as requested in submitting claims and interpreting coverage as
applied to particular claims.
f) Review loss reports for correct reporting, appropriate reserves, etc.
g) Assist as requested with safety and loss control activities.
h) Assist the city in identifying risk exposures and developing appropriate strategies
to address those exposures.
i) Make recommendations on risk management based on review of past risk
management studies.
j) The successful candidate will be in contact with the city's administrator in all
matters as they relate to property/liability insurance for the city. Said candidate
may also be required to address the City Council or one of the Council
Committees as the need arises.
k) Prompt response to questions and request is an absolute requirement. It is
expected that there will be more than one individual within the firm capable of
addressing possible concerns of the city.
�I25120
Date
Nesbit Group