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County Administrator's Report 10. 28.
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| BCC Regular Meeting |
Budget & Finance Consent |
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| RECOMMENDATION: |
Recommendation Concerning Workers’ Compensation Insurance Renewal - Robert Dye, Manager, Risk Management Office
That the Board amend its action of September 21, 2017, approving the payment to the Florida Municipal Insurance Trust for the Workers’ Compensation Insurance renewal for Escambia County, effective October 1, 2017, through September 30, 2018, in the amount of $939,360 with a $100,000 per occurrence deductible, to change the amount of the payment to $1,057,632, to include workers’ compensation insurance for Mass Transit Department employees.
[Funding: Fund 501, Internal Service, Cost Center 140834, Object Code 54501] |
| BACKGROUND: |
Florida Municipal Insurance Trust (FMIT) has agreed to add our Mass Transit Department employees to the policy for the renewing policy period. The increased premium amount ($118,272) represents an additional savings of $139,950 compared to the previous year’s premium paid to First Transit.
The total savings in premiums paid to FMIT and First transit compared to the previous year’s WC premiums equals $1,743,460. |
| BUDGETARY IMPACT: |
| Funding: Fund 501, Internal Service, Cost Center 140834, Object Code 54501 |
| LEGAL CONSIDERATIONS/SIGN-OFF: |
| N/A |
| PERSONNEL: |
| Risk Management will be the contract administrator. |
| POLICY/REQUIREMENT FOR BOARD ACTION: |
| This recommendation is in compliance with the provisions of the Code of Ordinances of Escambia County, Florida, Chapter 46, Finance, Article II, Purchase and Contracts. |
| IMPLEMENTATION/COORDINATION: |
| Upon approval by the Board of County Commissioners, a purchase order will be issued to provide payment for services rendered from the contract. |
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