HomeMy WebLinkAboutCC Resolution 26-13397 - Excess Workers Compensation Coverage Contract ExtensionRESOLUTION NO. 26-13397
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CAMPBELL
APPROVING AN EXTENSION OF AN AGREEMENT AND AUTHORIZING THE CITY
MANAGER TO EXECUTE NECESSARY DOCUMENTS WITH MIDWEST EMPLOYERS'
CASUALTY COMPANY TO PROVIDE EXCESS WORKERS' COMPENSATION
LIABILITY COVERAGE FOR FISCAL YEARS 2027 AND 2028
WHEREAS, the City of Campbell (City) currently contracts with Midwest Employers
Casualty Company (Midwest Employers) for Excess Workers' Compensation Insurance
Coverage; and
WHEREAS, the City received an offer from Midwest Employers to renew its current contract
with Midwest Employers for the term of July 1, 2026, to June 30, 2028, for an estimated
premium amount of $132,240 per year; and
WHEREAS, the City has taken into consideration the current market and the fact that
insurance rates are seeing an average increase of between 5-10%;
NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Campbell does
hereby approve an extension of its current agreement with Midwest Employers and
authorizes the City Manager to execute any necessary documents and amendment with
Midwest Employers to provide the City with Excess Workers' Compensation Insurance
Coverage for two years, effective July 1, 2026, through June 30, 2028, for an estimated
premium of $132,240 per year.
PASSED AND ADOPTED this 16th day of June 2026, by the following roll call vote:
AYES: Councilmembers: Lopez, Hines, Scozzola, Bybee, Furtado
NOES: Councilmembers: None
ABSENT: Councilmembers: None
APPROVED:
Daniel E. urtado, Mayor
ATTEST:
W640 &66��A
Andrea Sar6iers, City Clerk
Business Insurance Consulting
and Brokerage Services
City of Campbell
July 1, 2026 to July 1, 2027
Presented by: Charlotte A Weddell CISR CIC CPIW
CA License 0800987
Leavitt — Pacific Insurance Brokers
CA License #OD79674
A member of the Leavitt Group
Indemnity Coverage Provided:
Excess Workers' Compensation and Employers Liability Indemnity
Insurance Company: Midwest Employers Casualty Co. — A.M. Best: A++ XV
Policy Period: 7 /1 /26 to 7/1 /28 (Two -Year Term**)
Annual
Employer's Deposit Rate per
Limit of Liability Self -Insured and $100 of
Liability Sub -Limit Retention Minimum Payroll
$25,000,000 $1,000,000 $1,000,000 $132,240** 0.4568
$238,032
**Two annual installments of $132,240 apply
**Two-year term means no paperwork needed for the 2027-8 policy term. Policy will
continue with just payment of the 2027 installment.
Terms and Conditions
1) The premium is based on an estimated annual remuneration of $28,949,216 (Up about 7% over last year) .
2) State of operations: California
3) Midwest Employers Casualty Co. quotes are subject to their policy form and the following endorsements:
CMB-11 Amendment to Schedule Item 11, CMB-160 Foreign, CMB-199-CA Policyholder Disclosure Notice
of Terrorism Insurance, ISI-254-EXC Aircraft Exclusion, ISI-260 Authorized Volunteers,
ISI-261 Voluntary Compensation, ISI-266 Endemic Disease and Repatriation.
ISI-CA (02-21) California Mandatory Endorsement CMB-6-CLS Amendment to Schedule Item 6
(applies to split retention quote).
In order to bind coverage, we will need a written request by 6/25/2026.