CC Resolution 12855 - Execute a contract with Midwest EmployersRESOLUTION NO. 12855
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CAMPBELL
AUTHORIZING THE CITY MANAGER TO EXECUTE A CONTRACT WITH
MIDWEST EMPLOYERS CASUALTY COMPANY TO PROVIDE EXCESS
WORKER'S COMPENSATION LIABILITY COVERAGE FOR FISCAL YEAR
2022-2023
WHEREAS, the City of Campbell, has operated a self -funded Worker's
Compensation Program and relies upon Stop -Loss Coverage to cap the cost of
individual claims; and
WHEREAS, the City of Campbell requires that self -insured programs
purchase this Stop -Loss Coverage; and
WHEREAS, The City's Insurance Broker solicited quotes for the Excess
Workers' Compensation Insurance and received a renewal quote to bind
coverage from Midwest Employers Casualty Company for the term of July 1,
2022 to June 30, 2023 for a premium amount of $109,308.00; and
WHEREAS, the City's Insurance Broker recommends binding the City's
Excess Worker's Compensation Insurance Coverage with Midwest Employers
Casualty Company for a one year term from July 1, 2022, to June 30, 2023 for
the quoted amount of $109,308.00.
NOW, THEREFORE,. BE IT RESOLVED that the City Council of the City of
Campbell does hereby authorize the City Manager to execute a contact with
Midwest Employers Casualty Company to provide Excess Workers
Compensation Insurance to the City for one year, effective July 1, 2022, through
June 30, 2023, for a premium of $109,308.00.
PASSED AND ADOPTED this 5th day of July, 2022 by the following roll call
vote:
AYES: Councilmembers: Gibbons, Lopez, Landry, Bybee, Resnikoff
NOES: Councilmembers: None
ABSENT: Councilmembers: None
:00:• 9
Paul Resnikoff, Mayor
ATTEST:
Andrea Sa ders, Interim City Clerk