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			7.17.
Regular City Council Meeting
Meeting Date: 09/14/2021
Information
Agenda Item
Resolution - Risk Management: Consider a resolution authorizing and directing the City Manager to purchase for and on behalf of the City of Lubbock, workers’ compensation coverage from Texas Municipal League Intergovernmental Risk Pool, for which the total amount shall not exceed $1,619,534.66.
Item Summary
The City is required by the Labor Code to provide workers' compensation benefits to all municipal employees. The City extends workers' compensation benefits to elected officials, board members, and volunteers to limit liability exposure. Workers' compensation provides medical care and lost wages, on a no-fault basis.   The City currently purchases workers' compensation coverage from Texas Municipal League Intergovernmental Risk Pool (TMLIRP) on a deductible plan, in which the City paid a discounted premium of $791,363.72 for a one-time payment, plus a $100,000 deductible deposit. At the end of each month, the City would reimburse TMLIRP for any claims that do not meet the deductible of $25,000. The current year contribution for workers' compensation insurance is $1,228,073.   Staff recommends TMLIRP continuing with this plan with a premium of $930,320 for a one-time payment, plus a $100,000 deductible deposit. At the end of each month the City would reimburse TMLIRP for any claims that do not meet the $25,000 threshold. Carriers bind coverage October 1, 2021, after notification of City Council approval. The inter-local agreement will be issued after premiums are received from the City. Current insurance policies are available in Risk Management.
Fiscal Impact
Funds are budgeted in the Proposed FY 2021-22 Risk Management Fund.
Staff/Board Recommending
D. Blu Kostelich, Chief Financial Officer
Attachments Work Comp Resolution Work Comp

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