Title
Approval for the Mayor and/or City Administrator to sign a renewal contract for excess Workers' Compensation coverage with Midwest Employers Casualty Company in the amount of $84,385.
Administration
Body
Item Summary:
The City issued a RFP through the City's broker to obtain competitive quotes for excess workers' compensation coverage with four (4) public entity carriers. Midwest Employers Casualty Company was the most responsive responsible proposer in the amount of $84,385 and represents a reduction in the annual premium of $6,404. The contract period is July 1, 2012 to June 30, 2013.
Committee or Staff Recommendation:
On June 12, 2012 the Administration and Finance and Recreation and Parks Committee recommended placing this Item on the June 25, 2012 Mayor and Council Agenda.
Financial Impact:
$91,350 is included in the FY 2013 Approved Budget for excess workers' compensation coverage in Org 60115401, account 521201.
Presented by:
Dan Roach, Human Resources Director