Regular Village Board meetings are typically held at 7:00 p.m., the first three Tuesdays of each month in Council Chambers of Village Hall (room 201), 123 Madison St. When a Regular Meeting falls on a holiday, the meeting typically is held the following night. The Village Board also meets in special sessions from time to time. However, dates and times of Special Meetings can vary and may change.

File #: RES 18-1005    Name:
Type: Resolution Status: Passed
In control: President and Board of Trustees
On agenda: 10/1/2018 Final action: 10/1/2018
Title: A Resolution Approving a Professional Services Agreement for Annual Insurance Broker Services for the Village's Self-Insurance Retention Program with Mesirow Insurance Services, Inc., d/b/a Alliant/Mesirow Insurance Services for a Three Year Term for an Annual Not To Exceed Amount of $29,500 and Authorizing Its Execution
Attachments: 1. Auditing Services Resolution, 2. Mesirow Alliant Professional Services Agreement, 3. VOP RFP, 4. INS 2018 Responses with Risk Management Fees
Submitted By
Paul L. Stephanides, Village Attorney

Reviewed By
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Agenda Item Title
Title
A Resolution Approving a Professional Services Agreement for Annual Insurance Broker Services for the Village's Self-Insurance Retention Program with Mesirow Insurance Services, Inc., d/b/a Alliant/Mesirow Insurance Services for a Three Year Term for an Annual Not To Exceed Amount of $29,500 and Authorizing Its Execution

End
Overview
Overview
The Law Department issued a Request for Proposals ("RFP") for insurance broker services for the Village's self-insured retention program on July 31, 2018 for a three year term with responses due on August 27, 2018. The RFP was sent to 17 possible providers and was also posted on DemandStar and the Village's website. A total of five responses were received and staff recommends that the Village enter into a Professional Services Agreement with the Village's current broker, Mesirow Insurance Services, Inc., d/b/a Alliant/Mesirow Insurance Services ("Alliant/Mesirow"), for the program.

Body
Staff Recommendation
Adopt the Resolution.

Fiscal Impact
The fiscal impact is $29,500 per year for the three year term which will be budgeted and charged to the insurance premiums account of the Village's Self-Insured Retention Fund (account number 6026.41071.101.550681).

Background
The Village engages the services of an insurance broker to solicit and procure the Village's excess public entity liability, excess workers' compensation, property and casualty and crime insurance policies for the Village's self-insured retention program on an annual basis. The Law Department issued an RFP for these services on July 31, 2018 for a three year agreement and a total of five proposals were received from the following insurance brokers: (1) Alliant/Mesirow; (2) Arthur J. Gallagher & Co. ("Gallagher"); (3) Lambent Risk Management Services, Inc. ("Lambent"); (4) The Owens Group, Inc. ("Owens"); and (5) USI Insurance Services,...

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