HomeMy WebLinkAbout~Master - Renewal of contract for Excess Workers' Compensation Insurance RESOLUTION NO. 11-334
RESOLUTION APPROVING RENEWAL OF CONTRACT FOR
EXCESS WORKERS' COMPENSATION INSURANCE
FOR THE CITY OF AMES,IOWA
WHEREAS,the City purchases excess Workers'Compensation insurance coverage through
Safety National to cover catastrophic events that result in either extremely severe work-related
injuries or injuries to multiple employees; and,
WHEREAS, the current policy expires on July 1, 2011; and,
WHEREAS, Safety National's renewal quotation is based on annual payroll and on a review
of the City's loss runs during 2010/11; and,
WHEREAS, Safety National has an A.M. best rating of A-x (Excellent) and is also
recommended to staff by our Workers' Compensation Claims processor, EMC Risk Services.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Ames, Iowa,
that renewal of the contract with Safety National for Excess Workers' Compensation insurance with
an annual premium of$54,564.00 is hereby approved.
ADOPTED THIS 28th day of June, 2011.
C
Diane R. Voss, City Clerk Ann H. Campbell, Mayo
Introduced by: Goodman
Seconded by: Wacha
Voting aye: Davis, Goodman, Mahayni, Larson, Orazem, Wacha
Voting nay: None Absent: None
Resolution declared adopted and signed by the Mayor this 28th day of June, 2011.