HomeMy WebLinkAboutResolution - 2022-R0151 - Workers' Compensation from TML Intergovernmental Risk PoolResolution No. 2022-RO151
Item No. 7.9
March 22, 2022
RESOLUTION
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF LUBBOCK:
THAT the City Manager of the City of Lubbock is hereby authorized and directed
to purchase for and on behalf of the City of Lubbock, workers' compensation coverage
from the Texas Municipal League Intergovernmental Risk Pool, for a total amount not to
exceed $1,573,208.00; and
THAT the City Manager may execute any routine documents and forms associated
with said coverage.
Passed by the City Council this
ATTEST:
Reb ca Garza, City Secretk)
APPROVED AS TO CONTENT:
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D. Blu Kostelich, Chief Financial Officer
APPROVED AS TO FORM:
W-i iT �eputy City Attorney
RES.Risk Mgmt-Municipal League Risk Pool
March 14, 2022
March 22, 2022
DANIEL M. POPE, MAYOR
Resolution No. 2022-RO151
Workers' Compensation
Insurance Company: Texas Municipal League
Policy Term: 04/01/2022 to 04//01/2023
Coverage: Part One — Workers' Compensation agrees to pay the benefits required
under the applicable State's Workers' Compensation Law.
Part Two — Employers Liability for work -related injuries or disease other
than that which is imposed by a state Workers' Compensation Law.
Part Three — Other States. States in which you have no exposure on the
policy inception date, but in which you may have a temporary or future
worksite or exposure in during the policy term. If listed, statutory
benefits will apply as if the state were listed in Part One.
Employers Liability - Each Accident $1,000,000
Employers Liability - Disease (Policy Limit) $1,000,000
Employers Liability - Disease (Each Employee) $1,000,000
Experience Mod 0.50
Statutory Limits Apply Yes
Deductible $25,000
Coverage is not automatic in all states. Please notify us immediately if you begin operations in another state.
Total Premium $1,036,465.00
• 2% Paid in Full Discount
$100,000 deposit may be required in addition to the premium. The deposit will be credited as
deductible is applied.
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