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County Administrator's Report 13. 19.

BCC Regular Meeting

Budget & Finance Consent

Meeting Date:	09/05/2013
Issue: Workers’ Compensation Insurance Renewal
From:	Amy Lovoy
Department:	OMB
CAO Approval:

RECOMMENDATION:

Recommendation Concerning Workers’ Compensation Insurance Renewal - Amy Lovoy, Management and Budget Services Department Director

That the Board approve the continued participation with the Florida Municipal Insurance Trust for the renewal of the workers’ compensation insurance for Escambia County, effective October 1, 2013, through September 30, 2014, in the amount of $1,164,913.

[Funding: Fund 501, Internal Service, Cost Center 140834, Object Code 54501]

BACKGROUND:

Previously, the Board of County Commissioners utilized a fully insured workers' compensation plan with no deductible. The transfer of the jail to the Board of County Commissioners has prompted a move from a fully insured plan to a deductible insured program. The deductible will be $25,000. This move from the fully insured plan will result in a reduction in the premium of $366,299 over a fully insured plan. The County will be required to fund the costs associated with claims under $25,000. These costs will be covered by the reduction in the premium.

The workers’ compensation for the jail will be insured under a separate policy.

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.

Attachments
WC Renewal