HomeMy WebLinkAboutES10-142 - Amendment - #1 - Alliant Insurance Services, Inc. - Liabiltiy Insurance Program - 10/26/2011KENT
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1
AMENDMENT NO. 1
to the
PROFESSIONAL SERVICES AGREEMENT
between the City of Kent and
Alliant Insurance Services, fnc.
THIS AMENDMENT NO. 1 is made between the City of Kent and Alliant Insurance
Services, Inc. and amends the original Professional Services Agreement between these
parties dated June 28, 2010 (the "Agreement"). All other provisions of the original
Agreement that are not inconsistent with this Amendment shall remain in full force and
effect. For valuable consideration and by mutual consent of the parties, the City of Kent and
Alliant Insurance Services, Inc. agree as follows:
DELETE the first paragraph only of Section I, "DESCRIPTION OF WORK," in its entirety
and REPLACE with the following:
I.DESCRIPTION OF WORK.
Broker shall perform for the City the services provided for in its May 24,20L0,
response to the City's Request for Proposals for Liability insurance brokerage services
and its May 6,2011 response to the City's Request for Proposals for Property and
Excess Workers' Compensation Insurance Brokerage Services, copies of which are
attached and incorporated as Exhibits A and C, respectively. Specifically, these
services will, at a minimum, include the following:
DELETE the first paragraph only of subsection LA., "Brokerage Services," in its
entirety and REPLACE with the following:
Brokerage Services - Brokerage services encompass marketing,
insurance placement, completion of new and renewal applications, and
negotiation for the procurement or renewal of all City of Kent insurance
policies, Further, the Broker shall assemble a highly skilled Service
Team, as that term is defined in Section III(H), to review for accuracy,
completeness, and differences in terms and conditions for all policies in
preparation for delivery/ presentation, and selection. The Broker shall
be responsible for the invoicing of all applicable insurance policies and
for the presentation of the Annual Stewardship Report for all existing
and potential risk transfer/insurance placements.
DELETE subsection I.A.1.ii (subsection ii under "Marketing and Placement of
Coverage") only and REPLACE with the following:
ii. In conjunction with City staff, organize, develop and
present to underwriters, all necessary data for marketing the
City's insurance programs. The Broker will review the marketing
plan documents with the City for approval prior to going to
market. The Broker will negotiate and present to the City the
best risk finance/insurance policy terms, conditions and premium
rates.
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A
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Alliant Amendment No. 1- Page 1
5
4 DELETE Section II, "TIME OF COMPLETION," in its entirety and REPLACE with the
following:
II. TIME OF COMPLETION. The parties agree that work will begin on the
tasks described in Section I above immediately upon the effective date of this
Agreement. The initial term granted by this Agreement shall be through June 30,
2014. Thereafter, this Agreement will automatically renew on an annual basis until
terminated in accordance with Section V of this Agreement.
DELETE the first paragraph only of Section III, "COMPENSATION," and REPLACE with
the following:
III. COMPENSATION. The City shall pay Broker an annual amount not to
exceed $55,000 for the insurance brokerage services described in Exhibits A and C,
described in this Agreement. If the cost of Broker's services will exceed $55,000 in
any given year, the parties shall negotiate and execute an amendment to this
Agreement before any additional compensation will be due to the Broker and owed by
the City. This annual "not to exceed" amount shall be allocated as follows:
Alliant accepts all requirements of this Amendment No, 1 by signing below and, by
its signature, waives any protest or claim it may have regarding this Amendment,
All acts consistent with the authority of the Agreement and this Amendment prior to
the effective date of this Amendment are hereby ratified and affirmed, and the terms
of the Agreement and this Amendment shall be deemed to have applied.
IN WITNESS, the parties below execute this Agreement, which shall become
effective on the last date entered below.
BROKER:CITY:
CITY OF KENT
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ALLIANT INSURANCE SERVICES, INC.
Pri nt
DATE
NOTICES TO BE SENT TO:
Deborah Bovee
Alliant Insurance Services, Inc,
72O Olive Way, Suite 1700
Seattle, WA 98101
DATE: 6
NOTICES BE SENT TO:
Chris Hills, Risk Manager
City of Kent Employee Services Department
220 Fourth Avenue South
Kent, WA 98032
By
Pri e
Alliant Amendment No. 1-Page 2
')
206-962-2040 (telephone)
619-699-0960 (facsimile)
a
(253) 856-5270 (telephone)
(253) 856-6280 (facsimile)
A
rtment
Pt\Civil\Files\Open FllesU465-Llability Insurance - New Broker and Provlder\AmendmentltoAlllantKo524ll,docx
Alliant Amendment No. 1-Page 3