HomeMy WebLinkAbout~Master - Contract for Excess Workers' Compensation Insurance coverage RESOLUTION NO. 10-272
RESOLUTION APPROVING CONTRACT WITH SAFETY NATIONAL FOR
EXCESS WORKERS' COMPENSATION INSURANCE COVERAGE
WHEREAS, the City Council recognizes that certain catastrophic events may result in extremely
severe work-related injuries to several employees; and
WHEREAS, the City Council recognizes that such catastrophic events might expose the City to
extremely high liability for workers compensation claims; and
WHEREAS, the City staff has sought, received, and evaluated quotations from three insurance
companies that offer excess workers compensation; and
WHEREAS, the City Council has determined that the quotation of Safety National for excess
workers compensation insurance with an insured's retention amount of four hundred fifty thousand
dollars ($450,000) is appropriate and in the best interest of the City.
NOW,THEREFORE,BE IT RESOLVED,that the quotation of Safety National to provide excess
workers'compensation insurance with an insured's retention amount of four hundred fifty thousand
dollars ($450,000) for an annual premium of fifty-three thousand forty-two dollars ($53,542) is
hereby approved.
Done this 8th day of June, 2010.
AVW Jv
By: Attested ►� �
Ann H. Campbell,Mayor Diane R. Voss, City Clerk