HomeMy WebLinkAbout02/15/2023 4E
AGENDA BILL
CITY OF BREMERTON
CITY COUNCIL
SUBJECT: Study Session Date: February 8, 2023
Purchase of 2023 Excess Workers’
Compensation Insurance with Midwest
Employers Casualty Company
COUNCIL MEETING Date: February 15, 2023
Department: City Attorney’s Office /
Risk Management
Presenter: Kylie Finnell / Melisa
Folmer
Phone: (360) 473-5302
SUMMARY:
The Bremerton Municipal Code authorizes the Risk Management Specialist, with the approval of the
City Attorney, to bind insurance and requires City Council approval for the continuation of any bound
coverage that exceeds an annual premium of $25,000. Excess Workers’ Compensation for 2023 has
been bound with Midwest Employers Casualty Company at an annual premium of $138,873. The
self-insured retention (“SIR”) for first responders is $1,000,000 and for all other employees at
$500,000. This is the same as last year. The only change is there is an additional SIR for
employees injured during a wildland fire event is $1,500,000.
ATTACHMENTS:
Marsh’s Excess Workers Compensation & Employers Liability Proposal
FISCAL IMPACTS (Include Budgeted Amount):
Sufficient funds have been budgeted in the Risk Management Fund for this expenditure for 2023.
STUDY SESSION AGENDA: ☒ Limited Presentation ☐ Full Presentation
STUDY SESSION ACTION: ☒ Consent Agenda ☐ General Business ☐ Public Hearing
RECOMMENDED MOTION:
Move to approve the purchase of the 2023 Excess Workers’ Compensation insurance with Midwest
Employers Casualty Company in the amount of $138,873.
COUNCIL ACTION: Approve Deny Table Continue No Action
Form Updated 11/09/2021
4E