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 $98,944.
Administration
Body
Item Summary:
Competitive quotes were obtained through the City's broker for the excess workers' compensation coverage with public entity insurance carriers. Midwest Employers Casualty Company was the most responsive responsible proposer in the amount of $98,944 and this represents an increase in the annual premium of $5,172 (5.5%) over the current year. The contract period is July 1, 2014 to June 30, 2015.
Committee or Staff Recommendation:
Staff's recommendation was not finalized for the June 10, 2014 Administration, Finance, Recreation and Parks Committee. Time constraints did not allow time for this item to go to Committee.
Financial Impact:
$98,944 is included in the FY 2015 Proposed Budget for excess workers' compensation coverage in Org 60115401, account 521201.
Presented by:
Dan Roach, Human Resources Director