9.D.
City Council Meeting
- Meeting Date:
- 05/20/2014
- From:
- Dean Coughenour, Assistant to City Manager - Risk Management
Information
TITLE:
Consideration and Approval of Contract: Approve the renewal of our Workers' Compensation contract with Copperpoint Mutual Insurance, (Formerly SCF), at an estimated annual cost of $845,000. (Workers Compensation Insurance Contract).
RECOMMENDED ACTION:
-
Council approve the renewal of our Workers' Compensation contract with Copperpoint Mutual Insurance, (Formerly SCF), at an estimated annual cost of $845,000.
Policy Decision or Reason for Action:
Subsidiary Decisions Points: All contracts/ agreements in excess of $50,000 require Council approval.
This coverage is mandated by State law.
This coverage is mandated by State law.
Financial Impact:
By renewing our Workers' Compensation insurance coverage with CopperPoint insurance the City will save an estimated $253,000 in the next fiscal period.
Connection to Council Goal:
Effective governance.
Has There Been Previous Council Decision on This:
Council received a presentation on our Workers' Compensation renewal during the three day budget retreat in April.
Options and Alternatives:
1. Approve
2. Request additional quotes
3. Recommend self insurance for the following fiscal period
Community Involvement:
Inform
Attachments
No file(s) attached.
Form Review
| Inbox | Reviewed By | Date |
|---|---|---|
| Purchasing Director | rcompau | 04/30/2014 12:57 PM |
| Legal Assistant | Vicki Baker | 04/30/2014 04:57 PM |
- Form Started By:
- dcoughenour
- Started On:
- 04/28/2014 12:59 PM
- Final Approval Date:
- 04/30/2014