Title
Resolution - A Resolution of the City Council of the City of Mansfield, Texas, Authorizing the Execution of an Agreement and Contract with USI Southwest, Inc. (USI) as the Insurance Brokers for the City of Mansfield
Requested Action
Approve the resolution and agreement with USI Southwest, Inc. (USI).
Recommendation
City staff recommends approval of the resolution and agreement between the City of Mansfield and USI Southwest, Inc. (USI)
Description/History
On July 13, 2020, city staff presented three insurance brokers for the City Council to interview for the employee benefit plans offered at the City of Mansfield. The City Council unanimously agreed to hire USI Southwest, Inc. (USI) as the insurance brokers for the City of Mansfield.
Justification
Approval of the agreement and contract with USI Southwest, Inc. (USI) is required for USI to provide insurance broker services to the City of Mansfield for the employee benefits plan.
Funding Source
The annual fee for the City of Mansfield to contract with USI Southwest, Inc. (USI) is $125,00 for Medical, Dental and Vision insurance plans. Funds are allocated in the City budget for this expenditure.
Prepared By
Shelley Everhart, HR Director
817-276-4278