HomeMy WebLinkAbout15.F.9. 2004 Workers Compensation Insurance
IS: F. ~.
CITY OF SHAKOPEE CONSENT
Memorandum
TO: Mayor and Council
Mark McNeill, City Administrator
FROM: Gregg Voxland, Finance Director
SUBJ: 2004 Workers Compensation Insurance
DATE: December 3, 2003
Introduction
The Workers Compensation policy for the City and utilities
Commission is up for renewal.
Background
This is a routine item that the work comp policy for the
city renews on January 1. The renewal is with the same
terms as last year, namely with a $500 deductible on medical
coverage.
The deposit premium last year was $123,205 and this year it
is $126,938. Actual cost is based on the actual figures
calculated after the end of the year.
The League of Cities Insurance Trust has an excellent
program. There is probably nothing in the market place that
can compare to this program.
Action
Move to approve the renewal of the workers compensation with
the League of Cities Insurance Trust for a deposit premium
of $126,938.
Gregg Voxland
Finance Director
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