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HomeMy WebLinkAbout8 Work Comp Insurance Extenstion ACTION ITEM #8Compensation Insurance TermExtension of Workers’ Consideration of the Compensation Insurance TermExtension of Workers’ Consideration of the July 20, 2016 Extension of Workers’ Compensation Insurance Term runs from July 1 to July 1The current policy •Risk Authority (SDRMA)contract for workers’ compensation insurance with Special Districts At the May 2016 Board meeting, the Board approved an annual •BACKGROUND / HISTORY Extension of Workers’ Compensation Insurance Term NEW INFORMATION July 1, 2016month before the annual contract with SDRMA officially began on SDRMA agreed to cover the District beginning on June 1, 2016, one •The District’s coverage with AIG ended on June 1, 2016•Extension of Workers’ Compensation Insurance TermExtension of Workers’ Compensation Insurance Term FISCAL IMPACT Sufficient funds exist within the approved FY16 budget•Extension of Workers’ Compensation Insurance TermExtension of Workers’ Compensation Insurance Term RECOMMENDATION insurance policy to include June 2016Authorize the term extension with SDRMA workers’ compensation •TermExtension of Workers’ Compensation Insurance TermExtension of Workers’ Compensation Insurance