Property and Liability Insurance Broker Services

This contract is for Property and Liability Insurance Broker Services, with a term of three years commencing on May 7, 2020, and ending on September 30, 2023. The contract includes various insurance policies, such as Commercial General Liability, Automobile Liability, and Workers' Compensation. The vendor, Arthur J. Gallagher Risk Management Services, Inc., will provide insurance brokerage services, including placing insurance policies, providing risk management advice, and assisting with claims. The contract includes a renewal option for an additional two-year period. Key aspects of the contract include the scope of services, payment terms, and insurance requirements. The contract also includes provisions for indemnification, accounting records, and audits. • The contract includes a detailed scope of services, outlining the responsibilities of the vendor and the authority. • The contract includes payment terms, including a flat annual fee and reimbursement for expenses. • The contract requires the vendor to maintain various insurance policies, including Commercial General Liability and Workers' Compensation. • The contract includes provisions for indemnification, holding the vendor harmless for any claims or damages. • The contract requires the vendor to maintain accounting records and provide access to these records for audits. • The contract includes a renewal option for an additional two-year period.