REPORT TO COUNCIL
SUBJECT
Title
Insurance Compliance Services Contract Amendment
Report
BACKGROUND
In March 2012, Council authorized the City Manager to execute an agreement with EBIX Inc., BPO Division (EBIX BPO) to provide insurance compliance services for the City of Santa Clara for a three-year period with two one-year renewal periods. The Agreement was subsequently amended to extend the term by one year, and is due to expire on March 27, 2018.
DISCUSSION
EBIX BPO provides tracking for all insurance requirements for various classifications of contracts for the City and monitors the insurance certificates and endorsement form to make sure that they are in compliance with the City's requirements. EBIX BPO also makes such compliance information available to City Staff by means of an on-line insurance monitoring service that helps to reassure the City that the contractor is in compliance with the City's insurance requirements prior to allowing them to begin or continue performing work for the City.
As discussed at the City Council Priority Setting Session, currently the City's risk management function is highly decentralized and inadequate for our organization. As part of the FY 2018/19 budget development process, staff is evaluating this function and will bring forward a recommendation. This Amendment No. 2 will allow time for Staff to assess the Risk Management function and possible benefits of having insurance compliance services.
The rates charged per the Fee Schedule in the current agreement will be maintained without an increase for an additional year, however the overall not to exceed figure is increasing in response to higher volume of insurance reviews.
ENVIRONMENTAL REVIEW
The action being considered does not constitute a "project" within the meaning of the California Environmental Quality Act ("CEQA") pursuant to CEQA Guidelines section 15378(a) as it has no potential for resulting in either a direct physical change in the environment, or a r...
Click here for full text