HomeMy WebLinkAbout[04f] Work Comp DeductibleMY QP HT. J06 PH
MEETING DATE:
July 8, 2010
Council Agenda Item 4f
AGENDA ITEM: Work Comp Deductible — Requested Action: Assign the
Workers Compensation deductible at $ 2,500 per occurrence.
4 1 YA
Administration /Finance
BOARD /COMMISSION /COMMITTEE RECOMMENDATION:
PREVIOUS COUNCIL ACTION: Annually the City Council must establish the deductible per occurrence
for the Worker's Compensation Policy. Over the past couple of years the City has opted for a $ 2,500
deductible per occurrence.
BACKGROUND INFORMATION: If the City elects a$ 2,500 the premium is reduce by 7.5% with an
estimated premium before reduction of $ 50,864. During the last premium cycle the City did not pay
more the $ 750 in deductible. The deductible is effective and staff is recommending continuation of the
$ 2,500 deductible.
BUDGET /FISCAL IMPACT: $ Reduction in Work Comp Premium of 7.5%
ATTACHMENTS:
REQUESTED COUNCIL ACTION: Authorize staff to notify the insurance carrier of establishing the Work
Comp Deductible at $ 2,500 per occurrence.
4(d):1