HomeMy WebLinkAbout7 Work Comp Insurance Renewal
ACTION ITEM #7Workers’ Compensation InsuranceAward of a Contract for Consideration of the Workers’ Compensation InsuranceAward of a Contract for Consideration of the June 7, 2017
Workers’ Compensation Insurance Renewal year contract with SDRMA-The District committed to a three•The annual contract runs on a July 1 renewal schedule•agenciespublic SDRMA is a public
agency formed to provide insurance for the CA •Special Districts Risk Management Authority (SDRMA) in June 2016The District transferred its workers’ compensation coverage to •BACKGROUND
/ HISTORY Workers’ Compensation Insurance Renewal
NEW INFORMATION and education18 plan year insurance cost for participation in these programs -2017The District received a 15% discount ($36,615) on the cost of the •education as part
of the commitmentThe District is required to participate in safety programs and •30, 2018SDRMA Program year effective dates are July 1, 2017 through June •year commitment with SDRMA-FY18
will be year two of a three-FY17•’ Compensation Insurance RenewalWorkers’ Compensation Insurance RenewalWorkers
NEW INFORMATION is $201,743payroll and discount, quote, based on reported renewal compensation insurance ’ workersSDRMA FY18 -FY17•previous year renewalthe insurance base rates did not
change from compensation Workers’ •Mod factor-XWe continue to address employee work safety to address a high •Mod decreased from 1.84 to 1.76-the XInsurance Services, IntraWestIn an
analysis provided by •year loss runs-determined by the previous threeMod is -X•with the SDRMA programMod) is no longer applicable -The experience modification factor (X•’ Compensation
Insurance RenewalWorkers’ Compensation Insurance RenewalWorkers
FISCAL IMPACT FY 18 budgetThis expense will be taken into consideration for the proposed •Sufficient funds are available in the FY 17 budget•Proposed insurance premiums total $201,743•’
Compensation Insurance RenewalWorkers’ Compensation Insurance RenewalWorkers
RECOMMENDATION Year FY17 & FY18insurance with SDRMA for Program Authorize General Manager to approve the workers’ compensation •’ Compensation Insurance RenewalWorkers’ Compensation
Insurance RenewalWorkers