HomeMy WebLinkAbout15.F.4. Volunteer Firefighter Insurance
CITY OF SHAKO PEE /S.r.r:
Memorandum
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TO: Mayor and Council " '11 'tl~!' "
Mark McNeill, City Administrator
FROM: Gregg Voxland, Finance Director
SUBJ: Volunteer Firefighter Insurance
DATE: April 19, 2004
Introduction & Background
The City has carried a volunteer firefighter insurance policy from
Hartford Life for decades. This is a three year policy that expires on
May 10th. It is an accidental death and dismemberment policy with a
principal benefit of $25,000. This is in addition to workers
compensation coverage. It is my understanding that this policy was
taken out before volunteer firefighters were covered by worker
compensation insurance.
The renewal premium for three years is $2,601.99 for $25,000 Accidental
Death and Dismemberment, $100 weekly benefit and $10,000 Heart of
Circulatory Malfunction,.
The premium would be $5,988.87 for increasing the benefit to $100,000
Accidental Death and Dismemberment, $200 weekly benefit and $50,000
Heart of Circulatory Malfunction.
Action requested
Move to approve of the renewal of the volunteer firefighters insurance
policy with a three year premium of $2,602.00.
tI
Gregg Voxland
Finance Director
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