HomeMy WebLinkAbout10 Work Comp Insurance Renewal
ACTION ITEM #10Insurance RenewalWorkers’ Compensation Consideration to ApproveInsurance RenewalWorkers’ Compensation Consideration to Approve June 6, 2018
Workers’ Compensation Insurance Renewal year contract with SDRMA-The District committed to a three•The annual contract runs on a July 1 renewal schedule•Districts Risk Management Authority
(SDRMA) in June 2016The District moved its workers’ compensation coverage to Special •BACKGROUND / HISTORY Workers’ Compensation Insurance Renewal
NEW INFORMATION The District continues to focus on employee work safety•year loss runs-This is determined by the previous three•1.69Mod decreased the past three years from 1.84 to 1.76
to -the XInsurance Services, IntraWestIn an analysis provided by •Mod is no longer applicable with the SDRMA program-The X•from from the previous year renewalWorkers’ Compensation insurance
base rates were reduced 8% •’ Compensation Insurance RenewalWorkers’ Compensation Insurance RenewalWorkers
NEW INFORMATION based on reported payroll is $238,41319 SDRMA Workers’ Compensation Insurance renewal quote, -FY18•and education19 plan year insurance cost for participation in safety
programs -2018The District received an 11% discount ($29,476) on the cost of the •education as part of the commitmentThe District is required to participate in safety programs and •year
commitment with SDRMA-19 will be year three of a three-FY18•’ Compensation Insurance RenewalWorkers’ Compensation Insurance RenewalWorkers
FISCAL IMPACT approved FY18 & FY19 budget(s)Sufficient funds exist in the Board •’ Compensation Insurance RenewalWorkers’ Compensation Insurance RenewalWorkers
RECOMMENDATION for a total amount not to exceed $238,41319 -compensation insurance invoice to SDRMA for Program Year 2018Authorize the General Manager to approve the workers’ •’ Compensation
Insurance RenewalWorkers’ Compensation Insurance RenewalWorkers