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County Administrator's Report 13. 3.
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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 take the following action concerning the Workers’ Compensation Insurance Renewal:
A. Approve the payment to the Florida Municipal Insurance Trust for the Workers’ Compensation Insurance renewal for Escambia County, effective October 1, 2015, through September 30, 2016, in the amount of $1,179,727; and
B. Approve the payment to the Florida Municipal Insurance Trust for the Workers’ Compensation Insurance renewal for the Escambia County Jail, effective October 1, 2015, through September 30, 2016, in the amount of $1,152,316.
[Funding: Fund 501, Internal Service, Cost Center 140834, Object Code 54501] |
| BACKGROUND: |
Florida Municipal Insurance Trust (FMIT) requires the County to carry two separate workers’ compensation insurance policies. Both policies are true deductible plans with $25,000 per occurrence.
The increased premium deposit due for the BCC employee policy (FMIT 0869) is a result of increased payroll. The amount of increase over last year’s premium deposit for FMIT 0869 is an additional $35,721.
The increased premium deposit due for the Escambia County Jail policy (FMIT 1449) is based on payroll increases and a higher experience rating as calculated by NCCI. The amount of increase over last year’s premium deposit for FMIT 1449 is an additional $666,028.
The experience rating was affected by the number of claims, incurred losses (amount of medical and lost wage benefits paid and the amount held in reserve to pay future benefits) as well as the frequency and severity of injuries. FMIT applied the experience rating as required by State law; however, the full impact of the increased experience rating (from an initial 1 to 1.78) was moderated by applying earned discounts for Drug Free Workplace and Safety credits. |
| BUDGETARY IMPACT: |
| Funding: Fund 501, Internal Service, Cost Center 140834, Object Code 5450 |
| 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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