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 $93,822.
Administration
Body
Item Summary:
The City issued a Request for proposal (RFP) through the City's broker to obtain competitive quotes for the excess workers' compensation coverage with seven (7) public entity insurance carriers. Midwest Employers Casualty Company was the most responsive responsible proposer in the amount of $93,822 and represents an increase in the annual premium of $9,437 (11.2%) over the current year. The contract period is July 1, 2013 to June 30, 2014.
Committee or Staff Recommendation:
On June 11, 2013 the Administration, Finance, Recreation and Parks Committee recommended placing this Item on the June 24, 2013 Mayor and Council Agenda.
Financial Impact:
$93,822 is included in the FY 2014 Approved Budget for excess workers' compensation coverage in Org 60115401, account 521201.
Presented by:
Dan Roach, Human Resources Director