Loading...
HomeMy WebLinkAboutResolution - 2011-R0386 - Purchase Workers Compensation Coverage - TPSWCJSIF - 09_08_2011Resolution No. 2011-R0386 September 8, 2011 Item No. 5.8 RESOLUTION BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF LUBBOCK: THAT the City Manager of the City of Lubbock and is hereby authorized and directed to purchase for and on behalf of the City of Lubbock, workers' compensation coverage from the Texas Political Subdivisions Worker's Compensation Joint Self - Insurance Fund, for a premium amount not to exceed $1,548,886; and THAT the City Manager may execute any routine documents and forms associated with said coverage. Passed by the City Council this September 8, 2011 TOM MARTIN, MAYOR ATTEST: Rebe ca Garza, City Secretary APPRO �D AS TO CONTENT: Leisa Hutcheson, Director of Risk Management APPROVE AS TO FORM: C ad Weaver, Assistant CityAttorney lRES.Risk Mgmt-Workers Compensation 9.2.11 Resolution No. 2011-RO386 WORKERS COMPENSATION Insurance Company Texas Municipal League (TML) AM Best Rating Not Rated Effective Date: 10-01-11 to 10-01-12 COVERAGE Limits of Insurance: $ 1,000,000 Bodily Injury by Accident - Per Accident $ 1,000,000 Bodily Injury by Disease - Policy Limit $ 1,000,000 Bodily Injury by Disease - Per Employee EXPERIENCE MOD .63 CLASS CODES & PAYROLL Class Code Description Em#ofees Estimated Payrolls WC Rate WC Premium 0011 Farm NOC 2 $ 53,622 8.34 $4,472 3064 Sign Manufacturing 2 $ 58,578 5.49 $3,216 3365 Welding/Cutting NOC 1 $ 25,990 11.86 $3,082 4299 Copying & Duplicating Service & Drivers 4 $ 109,710 2.80 $3,072 4511 Building Inspection 80 $ 1,940,934 1.01 $19,603 4519 Exterminator & Drivers 7 $ 227,110 6.99 $15,875 5190 Traffic Signal Control Installation & Drivers 29 $ 867,343 5.19 $45,015 5191 Computer Device Installation 63 $ 1,822,450 1.09 $19,865 5506 Street & Road Repair 42 $ 1,189,362 10.54 $125,359 5506 Street or Road Construction or Repair - All Operations - & Drivers 24 $ 641,570 10.54 $67,621 5606 Contractors Executive Supervisor 1 $ 42.716 2.86 $1,222 6229 Flood Control 9 $ 250,487 9.26 $23,195 7423 Airport Operations 25 $ 786,200 3.30 $25,945 7520 Waterworks Operations 190 $ 6,185,500 4.97 $307,419 7539 Electric Light or Power Co Noc - All Employees - & Drivers 262 $ 10,882,148 1.85 $201,320 7580 Sewage Disposal Plant Operation & Drivers 19 $ 620,635 3.52 $21,846 7590 Garbage Works 20 $ 589,096 9.06 $53,372 7704 Fire Fighters & Drivers 620 $ 20,877,676 3.23 $674,349 7720 Police Officers & Drivers 572 $ 25,632,697 3.80 $974,042 Equipment Maintenance 21 $ 617,846 5.07 $31,325 9dHeavy Warehouse Ops 4 $ 92,841 7.36 1 $6,833 This information is intended to be reviewed by the representatives for the entity and no other parties. Review by persons other than the entity's representatives is prohibited. Likewise, dissemination or copying of this document or the information contained herein to persons other than the entiWs representative is also prohibited. CLASS CODES & PAYROLLS 8391 Automobile Machine Shop & Drivers 4 $ 80,850 4.02 $3,250 8601 Architect or Engineer - Consulting 21 $ 737,591 0.83 $6,122 8810 Clerical Office Employees Noc 605 $ 18,870,108 0.44 $83,028 8831 Animal Shelters & Drivers 23 $ 580,118 3.92 $22,741 8833 Hospital: Professional Employees 38 $ 1,367,196 1.20 $16,406 8838 Library 1 Museum 60 $ 1,746,439 0.43 $7,510 7720 Motorcycle Police 18 $ 762,048 7.59 $57,839 9014 Building Service Contractor 2 $ 39,214 5.72 $2,243 9015 Buildings Noc - Operation by Owner or lessee - & Drivers 37 $ 1,045,975 4.92 $51,462 9016 Zoo Facility and Drivers 12 $ 280,354 5.49 $15,391 9019 Toll Road Operations & Drivers 1 $ 32„024 2.41 $772 9079 Restaurant Noc 1 $ 22,167 5.01 $1,111 9101 School, Library All Other 1 $ 36,397 6.16 $2,242 9101 School Crossing Guard 1 $ 21,621 3.24 $701 9102 Park Noc - All Employees - & Drivers 94 $ 2,729,271 4.17 $113,811 9154 Theater NOC: All Other Employees 2 $ 79,256 2.57 $2,037 9220 Cemetery Operations & Drivers 6 $ 211,214 6.85 $14,468 9402 Street Cleaning & Drivers 10 $ 274,559 11.23 $30,833 9402 Refuse Collection & Drivers 69 $ 2,036,558 5.81 $118,324 3724V Outside Volunteers 110 $ 3,879 7.04 $3,178,340 8742V Inside Volunteers 35 $ 21,557 0.63 $136 0570 Volunteer Police Reserves 5 $ 28,600 4.64 $1,327 8742 Elected Officials 341 $ 231,644 0.39 $903 Totals 3,493 $104,753,151 $3,180,979 Total Manual Contribution $3,180,979 Experience Modifier 0.63 Total Standard Contribution $2,004,017 Fund Discount (0.20) $0.80 Discounted Standard Premium $1,603,213 Net Contribution $1,603,213 Total Contribution $1,603,213 Annual Payment Discount $48,096,.39 Total Annual Contribution $1,555,116..61 Quarterly Payments $400,803.25 This information is intended to be reviewed by the representatives for the entity and no other parties. Review by persons other than the entib/s representatives is prohibited. Likewise, dissemination or copying of this document or the information contained herein to persons other than the entity's representative is also prohibited. SPECIAL TERMS & CONDITIONS Experience Mod - .63 Fund Factor - .20 Quotation is based on the estimated payroll provided by the city Payroll is auditable at expiration and premium is subject to change 3% Discount if fall premium paid by November 1, 2011. This information is intended to he revinved by the representatives for the entity and no other parties. Review by persons other than the entitys representatives is prohibited. Likewise, dissemination or copying of this document or the information contained herein to persons other than the entity's representative is also prohibited. PREMIUM SUMMARY Texas Political Subdivisions (TPS) $1,596,790 - Monthly or Quarterly Installments $1,54E8,886 - Annual Payment Texas Municipal League (TML) $1,603,213 - Quarterly Installments $1,555,116.61 - Annual Payment This information is intended to be reviewed by the representatives for the entity and no other parties. Review by persons other than the entity's representatives is prohibited. Likekrise, dissemination or copying of this document or the information contained herein to persons other than the entity's representative is also prohibited. WORKERS' COMPENSATION: Under this coverage, the insurance company agrees to assume statutory liability imposed by the Workers' Compensation law of the State of Texas and any other state in which incidental operations take place. EMPLOYER'S LIABILITY: This section protects against tort liability for injury to employees in the course of their employment. Employer's Liability applies to suits brought against you by or in behalf of employees injured in the course of their employment, outside and distinct from any claim for benefits payable under the Workers' Compensation section. COVERAGE EXTENSIONS AND ENDORSEMENTS UNITED STATES LONGSHOREMEN'S AND HARBOR WORKER'S ENDORSEMENT - is involved in any operations that come within the USL and HW Act. This endorsement provides for the statutory coverage as required by this act on an "If Any" basis. BROAD FORM OTHER STATES COVERAGE ENDORSEMENT - This form is designed to grant temporary protection in states not described in the policy. This extension of coverage does not apply to monopolistic states or to fines and penalties imposed by any failure to comply with the respective Workers' Compensation law. VOLUNTARY WORKERS' COMPENSATION - This endorsement is designed to apply to all employees and provide benefits based upon the law of contract and hire. This coverage would be available if for some reason the Workers' Compensation law was not applicable. KNOWLEDGE OF ACCIDENT - The policy has been amended so that an executive officer or the administrator of insurance must have knowledge of the accident/injury before the company considers that the insured has knowledge of the event. EXECUTIVE OFFICERS - TEXAS ENDORSEMENT - This coverage extension provides Texas Workers' Compensation benefits for all executive officers in Texas. STOP GAP LIABILITY - This endorsement provides employer's liability coverage in monopolistic states. This information is intended to be reviewcd by the representatives for the entity and no other parties. Review by persons other than the entity's representatives is prohibited. Likewise, dissemination or copying of this document or the information contained herein to persons other than the entity's representative is also prohibited. Transparency and Disclosure Insurance is a highly regulated, competitive industry that fuels the US economy and protects individuals and commercial entities from losses. There is nothing more important to our uzdustry and to Wells Fargo Insurance Services than maintaining the trust of our customers and conducting business with the utmost integrity. We believe that our leadership role on disclosure should tie directly to our core values. Among these we state that we: ■ Value and reward open, honest, two-way communication ■ Do what is right for the customer ■ Talk and act with the customer in mind ■ Exceed our customers' expectations Wells Fargo Insurance Services is proactively providing customers with complete transparency on standard and contingent commission income. We receive compensation from the insurance companies we represent when placing your insurance. Our compensation is usually a percentage of the premium you pay for your insurance policy or bond (a "commission"), which is paid to us by the insurance companies for placing and servicing your insurance or bonds with them. We also may receive fees agreed to in writing from our customers. Intermediaries, such as wholesale brokers, may sometimes be used to access certain insurance companies. Such intermediaries will allocate a portion of the compensation from the insurance companies to us and may, in some cases, be an affiliated company. This information is intended to be reviewed by the representatives for the entity and no other parties. Rexiew by persons other than the entity's representatives is prohibited. Likewise, dissemination or copying of this document or the information contained herein to persons other than the entity's representative is also prohibited.