HomeMy WebLinkAbout~Master - Resolution approving contract renewal with Midwest Employers Casualty Co for Excess Workers' Compensation Insurance coverage July 1, 2026 - June 30, 2027RESOLUTION NO. 26-352
RESOLUTION APPROVING CONTRACT RENEWAL
FOR EXCESS WORKERS' COMPENSATION INSURANCE COVERAGE
FOR THE HUMAN RESOURCES DEPARTMENT, CITY OF AMES, IOWA
WHEREAS, the City began purchasing Excess Workers' Compensation Insurance
coverage brokered by Holmes Murphy on July 1, 2010, to reduce the financial risk of
catastrophic self-insured worker’s compensation claims. This coverage limits the City's
financial exposure for self insured worker’s compensation claims (including police and
firefighter Chapter 411 injury disability claims) to a maximum dollar amount per individual
claim. Beginning with the FY 2014/15 coverage year, this coverage also includes an
added layer of aggregate protection for multiple large claims exceeding a specified
amount.
IT IS THEREFORE RESOLVED by the City Council of the City of Ames, Iowa, as
follows:
Section One. Award of contract is made as follows:
Midwest Employers Casualty Company for Excess Workers' Compensation
Insurance coverage for July 1, 2026, though June 30, 2027, in the renewal
premium amount of $151,398.
Section Two. The City Manager and City Clerk are authorized to execute said
contract for and on behalf of the City of Ames, Iowa, and to affix the corporate seal
of the City thereto.
Section Three. All resolutions or orders or parts thereof in conflict herewith are
hereby repealed to the extent of such conflict.
ADOPTED THIS 9th day of June, 2026.
_______________________________ _________________________________
Renee Hall, City Clerk John A. Haila, Mayor
Introduced by: Corrieri
Seconded by: Junck
Voting aye: Beatty-Hansen, Betcher, Corrieri, Junck, Gartin, Rollins
Voting nay: None Absent: None
Resolution declared adopted and signed by the Mayor this 9th day of June, 2026.