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HomeMy WebLinkAboutResolution #5455 - insurance renewal with Illinois Public Risk Fund December 1, 2023 through December 1, 2024 RESOLUTION NO. 5455 A RESOLUTION APPROVING AN INSURANCE RENEWAL BETWEEN THE CITY OF CANTON AND ILLINOIS PUBLIC RISK FUND FOR THE POLICY YEAR DECEMBER 1,2023 TO DECEMBER 1,2024 AND DIRECTING THE MAYOR AND CITY CLERK TO EXECUTE AND DELIVER SAID AGREEMENT ON BEHALF OF THE CITY OF CANTON. WHEREAS, the City Council of the City of Canton has determined that it is necessary and in the best interest to renew its worker's compensation insurance policies with the Illinois Public Risk Fund. NOW,THEREFORE,BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF CANTON,ILLINOIS: 1. The coverages set forth in the Worker's Compensation Information Page and attachments, attached hereto as "Exhibit A,"are hereby approved by the City Council of Canton. 2. The City shall renew its participation with the Illinois Public Risk Fund effective December 1, 2023 to the rates and provisions found within"Exhibit A". 3. The Mayor and City Clerk of Canton,Illinois are hereby authorized and directed to execute and deliver any and all documents and agreements necessary on behalf of the City of Canton to renew its worker's compensation insurance policies with the Illinois Public Risk Fund. 4. This Resolution shall be in full force and effect immediately upon its passage by the City Council of the City of Canton,Fulton County, Illinois and approval of the Mayor hereof. PASSED AND APPROVED THIS 21"day of November,2023. AYES: ALDERPERSONS CHAMBERLIN, GRIMM, LOVELL, HALE GOSSETT KETCHAM, LINGENFELTER NAYS:NONE ABSENT: ALDERPERSON NELSON APPROVED: en cDowell, or r ATTEST 4di Walters,Acting City Clerk Kiesewetter stR �s7s` : Insurance Agency City of:Canton November-212023 Summary of your-12/1/23 Property/Casualty insurance renewal. Expiring Renewal Difference (MICA:5/1/17) ICRMT Package $271,200 $358,230 +$87,030(+3A) IPRF Work Corn $199,415 209 4183. +$9,768.(+8M, Total $4701615 $567,411 +$96,798 (+20,%) ($513,513,) • The workers' Compensation premium.increase of 5% is due to an increase in payroll from$6,473,445 to$6,840,462 (+$367,017)&15 claims this past year totalling. $203,358. • The Building coverage amount was increased from $69,216,988 to$122,074,454 (+$b2,857,45.6) to allow for increased cost of construction and the.extensive updates to the water treatment:plant at-Canton Lake totalling more.than $46;000,000. (+$50,193 annual;prernium:) • the ,32% Package premium increase is due.to the increased Property coverages.(+69%), Law.Enforcement.Liability pricing(+19%), Excess Liability pricing (+37%) and the city's claims. • A$1,000,000`Cyber Liability policy was added 1/17/18 at$4,964.The 1/17/23 renewal premium was$;13,989.This-product is experiencing increased pricing':worldwidet d-ue to escalating Cyber attacks and fraud. • Our agency'is providing quarterly claims review sessionsto keep the City current,:and informed"on all.claims. • Both our insurance companies are providing significant grants and loss prevention assistance to the;City.The iL Public,Risk Fund safety grant for 2023.was$28,114 and IL Counties Risk Managemnt Trust provided a-$10,000 grant toward the purchase of body cameras for police. Our goal is to provide long-term insurance cost control through training and loss prevention strategies. • OPTION:You could reduce your current Excess Liability".coverage limit from $15,000,000 to;$10,000,000 and save $18,201 annual premium: I do.not recommend this. • We believe-we have excellent working relationships with the City, we hope you agree. Thank you for supporting our local business-&for the-opportunity to provide this service to the City, we appreciate itl Daniel C,Kiesewetter, CIC 118 East-Fort;Street, PO Box 239, Farmington; IL 61531-0239 .Daniel C. Kiesewetter- Stephen E. Kiesewetter. (309) 245=2434 wwwkiesewetterins.com Fax(309)245-2541 s Illinois Public Risk Fund Workers' Compensation Information Page Policy Number:.P14.44-2023 Named Insured and Mailing Address: :City of Canton 2 N.iVlain Street -:Cantoii,IL 61520 The policy period is from: 12/01/2023 to 12101/2024 1,2:01-a.m.Standard Time of the Insured's:maiing,.address Coverage: Part One of policy,applies.to-the Workers Compensation Law of the State of Illinois. Part Two of the policy applies to Employers Liability-in the State of Illinois: The lirnits of our Liability under Part Two are: Bodily Injury by'Accident $3,000,000 each accident Bodily Injury by Disease $1,600,000 Policy limit Bodily Injury.by Disease $3,000,000 each employee This.Policy includes these endorsements and schedules: See listing-of endorsements—_Extension of Information Page Broker Name'and Address:; Kiesewetter InstiianceAgeneyLLC 115 E;Fort Street,P. 0; Boz 239 Farrninetgn,IL 6I531 Total Estimated Premium: $203,090.00 Administrative Fee: $6,093.00: Total Estimated Cost: $209,183.00 Cancellation: Inahe event that the Policy is.Cancelled prior-to the expiration date, then the total annual premium.stated'°on page 2 will be.100%fully earned Terms and:Conditionsa The premium for this policy will be determined by our rules,classifications,rates and rating plans. All required information.is subject to verification and change by audit.at'policy expiration. As per Safety National Casualty Corp.Excess policy,and,lllinois Public_Risk Fund's By-Laws and.Pooling. Agreement. Pagel of.4 EXTENSION OF INFORMATION PAGE ENDORSEMENT SCHEDULE IPRF WC 00 001. 18. Broad Form All States.for Employee Travel IPRF WC 09OG21,18 Federal Employers'.Liability Act_Coverage IPRF WC 00 003 18 Foreign Voluntary Workers' Compensation and Employers' Liability For Traveling Employees IPRF WC 00 004 18. Longshoremen's and Harbor Workers' Compensation Act Coverage IPRF WC 00:005 18 Maritime Coverage IPRF WC 00,606:18 Voluntary Compensation. Page 2 of 4 LPR. F ILLINOIS PUBLIC RISK FUND Cost Control Throah Cooperation Since 1985 1444 City of Calton 2 N. Main Street Canton,IL 61520 The premium for this policy will be determined by Illinois.Public Risk Fund rules,classifications,rates and rating plans. All information required is subject to verification and change by Audit. Class Code, Description Payroll Rate/100 Premium 0091 Dispatchers $ 462,818 $ 0.090 $ 417 0170 Animal Control $ 81,750 $ 2.791 $ 2,282 5506 Street Maintenance $ '350,792 $ 7.186 $ 25,208 7520 Waterworks $ 517,149 $ 2.382 $ 12,318 7580 Sewage Disposal $ 589,758 $ 2.840 $ 16,721 77.10 Firefighters $ 1,442,930 $ 4.182 $ 60,343 7726 Policeman $ 1,1861337 $ 1.676 $ 29,832 8380 Auto Repair $ 65,587 $ 2.823 $ 1,852 8810 Clerical $ 483,813 $ 0.090 $ 435 9015 Building NOC $ 95,271 $ 2.316 $ 2,206 9102 Parks NOC $ .20,951 $ 2.758 $ 578 9220 Cemetery- $ 97,623 $ 4.485 $ 4,378 9402 Street Cleaning $ 463,277 $ 3.953 $ 18,313 9403 Garbage $ 383,406 $ 7.357 $ 28,207 Subtotal: $ 263,690 3%Administrative Fee: $ 6,093 TOTAL: $ 209,183 Selected payment plan: 12 Equal Monthly Installments, Prepared on: Tue September 26 16:21:46 2023 Page 3 of 4 ILUNOIS PUBLIC RISK FUN® Cost Control Through.Cooperation Since 1985 Installment Schedule 1444 City-of Canton 2 N..Main.Street Canton,IL 61520 12 Equal Monthly Installments Due Date Amount Due 12/01/2023 _ $17,411• 01/01/2024 $17,432 02/O 1/2024 $17,432. '03/01/2024 $177432 04/01/2024 $17,432 05/0.1/2024 $17,432 06/01/2024 $17,432 07/01/2024 - $17,432 08/01/2024 $17,432 09/01/2024 _ _ _ $17;432 10/0-1/2024 $17,432. 1.1/0112024 $17,432 NO 4-of 4 BROAD FORM ALL STATES FOR EMPLOYEE TRAVEL It is hereby understood and agreed.that this endorsement applies to the insurance provided and is subject to.the terms and conditions of the Fund's By-Laws and the Pooling Agreement executed by the parties for each claim tendered to and covered by the Fund. 1. If the Member undertakes operations in or, at the request of the Member, an employee travels to or is temporarily assigned to, any State not designated in Part One of the Declarations, this agreement applies to such operations, travel or temporary assignment. Should the Member undertake operations in a State not designated in Part One of the Declarations,,the Member shall give.notice to the.11linois Public Risk Fund before or within a reasonable time after the commencement of such operations. The Member shall take Whatever action is necessary to come Within the Workers' Compensation and Occupational Disease laws of-such State: 2. Should an Employee; at the direction of the Member, travel to. or be temporarily assigned to any State or States not designated in Part One of the Declarations, this agreement shall provide coverage for loss sustained by the Member because. of liability imposed upon the Member by. the Workers' Compensation or Employers' Liability laws of such non-designated State. 3. This agreement also applies to loss sustained by the Member because of liability imposed upon the Member by the Workers' Compensation.and_ Employers' Liability laws of such non-designated State. 4. Any loss covered by this agreement shall be subject to all the limitations of this agreement including but not limited to the limitation per occurrence and the maximum limit of liability for the liability period. 5. The word "State"as used in this agreement shall mean any State.of the United States of America and the District of Columbia. 6. The insurance afforded by this agreement does not cover fines or penalties imposed on the Member for failure to comply with the requirements of any Workers' Compensation law. 7. All of the provisions of this agreement;:insofar as such provisions are not inconsistent herewith, are applicable to the insurance afforded by the agreement by virtue of this endorsement. All other terms and conditions remain unchanged. IPRF WC 00 001 18 FEDERAL EMPLOYERS' LIABILITY ACT COVERAGE,ENDORSEMENT ItAs hereby understood and-agreed that this endorsement applies to the insurance provided and is subject to the terms and conditions of the Fund's By=Laws and the Pooling Agreement executed by the parties for each claim tendered to and covered by the fund. The unqualified term "Workers' Compensation and Employers' Liability Laws including law for damages",in6ludes the Federal Employers` Liability Act ("FELA'), (45 USC -Secti-ons 51.-60) and'any amendment to that Act.that is in-effect duri pgthe liability period. All other terms and conditions remain Unchanged. IPRF WC 00 002-18 .FOREIGN VOLUNTARY WORKERS' COMPENSATION AND EMPLOYERS' LIABILITY FOR TRAVELING EMPLOYEES It is hereby understood and agreed that this endorsement applies to the insurance provided and is subject to the terms and conditions of the Fund's By-Laws and the Pooling Agreement executed.by the parties for each claim tendered to and covered by the Fund. SECTION 1 --SCOPE OF INSURANCE a. The coverage afforded by this agreement also applies to employees, as defined in Section 2 of this endorsement, who are traveling for work at locations within the following country or countries: Anywhere in the world outside the United States or United States possessions and territories, except: Afghanistan, Algeria, Belarus, Burkina Faso, Burma, Burundi, Cameroon, Central African Republic, Chad, Colombia, Cote d'Ivoire, Cuba, Democratic Republic of Congo, Djibouti, El Salvador, Eritrea, Honduras, Iran, Iraq, Israel, Kenya, Lebanon, Libya, Mali, Mauritania,_ Niger, Nigeria, North, Korea, Pakistan, Philippines, Republic of South Sudan, Saudi Arabia, Somalia, Sudan, Syria, Turkey, Ukraine, Venezuela, West Bank.and Gaza, Yemen, and Zimbabwe..- b. Benefits payable under this endorsement are the same as those that would be payable if the employees in question were subject to the Workers' Compensation law of the State or States: ILLINOIS :c. The Fund's Foreign Voluntary Endorsement Limit of Liability for Coverage B—Employer's Liability is limited to $100-,000 and applies in excess of the Self Insured Retention per Occurrence. SECTION 2— EMPLOYEES COVERED a. It is agreed that the coverage afforded by this agreement applies to those employees of the Member who are traveling at the direction of the Member to Work at locations within the country or countries not excluded by this endorsement. Page 1'of 2 IPRF WC 00 003 18 b. With respect to any such employee traveling at the direction of the Member to work at locations within the country or countries not excluded by this agreement, the coverage afforded by this agreement shall apply in the same manner as if said employee was performing work within the United States of America and subject to the Workers' Compensation'IaW of the following State or States: ILLINOIS c. The coverage afforded by this agreement shall not apply to persons other than citizens or residents of the United States of America within the country or countries stated in this agreement except as stated herein: NONE All other terms and conditions remain unchanged. Page 2:o f 2 IPRF WC b0 03 16 LONGSHORE AND HARBOR.WORKERS' COMPENSATION ACT COVERAGE ENDORSEMENT 1t is'hereby undemtood.and agreed that-this endorsement applies to the insurance provided and is subject to the terms and conditions of the Fund's By-Laws and the Pooling Agreement executed by the parties for each claim tendered to and covered by the Fund. The term, "Workers' Compensation Law" includes the Longshoremen's and Harbor Workers' Compensation Act ("USL&H) (33 USC Sections 901-950,), and any amendment to that Act that is- in effect during the liability period. This endorsement. does not apply to work subject to the Defense Base Act; the Outer .Continental Shelf Lands:Act,.or the Nonappropriated Fund Instrumentalities Act. All other terms and conditions remain.unchanged: IPRF WC 00 004 18 MARITIME COVERAGE ENDORSEMENT It is.hereby understood.and agreed that this endorsement applies to the insurance provided and is subject to the terms and conditions of the Fund's By-Laws and the Pooling Agreement. executed-by the parties for each claim tendered to and covered by the Fund. The coverage afforded by Employers' Liability Laws, as specified in this agreement.shall include doss on account of bodily'injury to a master or member of the crew of a vessel, subject to.the following additional provisions: This coverage does not.include loss on-account.of: 1. Bodily injury covered by a Protection and Indemnity policy or similar policy issued to the Member,or for the Members benefit. This exclusion applies even if the other policy does not apply because of an other insurance clause, deductible or limitation of liability clause,.or any similar clause. 2. The Member's:duty to provide-transportation, wages, maintenance and cure. All other terms and conditions remain unchanged. IPU we 00 0005 18 VOLUNTARY COMPENSATION ENDORSEMENT It is hereby'understood and agreed that this endorsement applies to the insurance provided and is'subject to the terms and conditions of the Fund's By-Laws and the Pooling Agreement executed by-the parties for-each claim tendered to and covered by the Fund. it is hereby understood and agreed that this endorsement adds voluntary compensation insurance as follows: A. Coverage it is the intent of this endorsement to extend the-coverage provided.by this agreement. to non-compensated volunteer employees; operating at the direction of the Member, as .if the volunteer employees were subject -to the Workers' Compensation and Employers Liability Laws stipulated in the schedule below, even though these laws may not require payment of benefits to such volunteer employees. This insurance:applies to loss sustained by the Member because of bodily injury and occupational disease, including death resulting therefrom, due to occurrences taking place within the liability period of this agreement. 1. The bodily injury or occupational disease must be sustained by an employee included. in the. group of employees described in the schedule. 2. The bodily injury or occupational disease.must occur in the course of employment necessary or incidental to work in a State listed in the schedule. 3. The bodily 'injury or occupational disease must occur in the United States of America, its territories or possessions or Canada and may occur elsewhere if the employee is an American or Canadian citizen temporarily away from their home country-. B. Indemnification The Fund will indemnify the Member for loss in satisfaction of statutory benefits that .would be imposed if the Member and employee described in the schedule were subject to the Workers' Compensation law shown in,the schedule. Pagel of 3 IPRFwcoo 00618 Naturally, indemnification for any such-loss is subject to the.maximum limits of liability as specified in the declarations. C. 'Exclusions This insurance does not cover: 1. Any obligation_ imposed by a workers' compensation or occupational disease law, or any similar law. 2: Bodily injury intentionally caused or-.aggravated by the Member. D. Before Indemnification Before the Fund indemnifies the employee of a Member, or the. employee's legal representative due to the employee's incapacity or death,, the employee, or legal representative must: 1. Release the Member-and the Fund, in writing, of all responsibility for the injury or death; 2`. Transfer'to the Member and the.Fund, the employee's rghf to recover from third parties who may be responsible for the injury or disease sustained by the employee; and 3. Cooperate with Member and the Fund, including but not limited to completing all acts necessary, so as to enable the Member and the Fund to enforce the right to recover from third parties.. If the injure_ d employee, or his legal representative(s), fails to perform as required above, or if they claim damages from the Member or the Fund for the injury or disease, the Fund's duty to indemnity is immediately terminated. E. ,Recovery from,Others If the Fund makes a recovery from others, the Fund will keep an amount equal to its expenses of recovery and the loss paid.. The Fund will pay the balance to the parties entitled to payment. If the parties entitled to the benefits of this insurance-make a Page 2 of 3 IPRF WC 00 00618 recovery from others, they must reimburse the Fund'for the loss previously paid by the.Fund to such parties. F. Employers' Liability Insurance Employers' Liability Insurance applies to loss covered by this endorsement as though the State of employment shown in the Schedule were shown in Part One of the Declarations. Schedule Designated Workers' Employees State of Employment Compensation Law Authorized volunteers, Illinois State of Illinois student workers, etc. while not subject to any Workers' Compensation law All other terms and conditions remain unchanged. Page.3,of 3 IPRF WC 00 006 18 • 1 i 1 How-can Illinois Public Risk Fund (IPRF) help you? Effective January1, 2023, Illinois.Public Risk Fund now „f provides our br-okers:with the opportunity wadd an affordable PEDA (Public Employee Disability.Act) Supplement Coverage to their current IPRF members. What is PEDA? The Illinois.Public Employee Di'sability-Act(PEDA) is a law s - providing financial..protection for-qualifying first responders who suffer the misfortune of being injured in the line of duty.and are unable to return to work. The employer°is required to pay-the-disabled employee on the°same basis as they were-paid before the injury:. PEDA SUPPLEMENT COVERAGE: For FULL-TIME first responders injured' in the line,of duty. r®L; • Zero-day elimination. t • Benefits available for up to 52 weeks. • 100% replacement when combined With IPRF benefit. Ji I• d • Partial disability includedr • Coverage for groups down to two lives. c` • Easyapplication process, direct billing, and dedicated KCL account representative'. Noffv- In r 5 or more nformatian, pleas ri � . r t � contact ourafficeat(80,0J},289-47731 LPN ILLIN®IS PUBLIC RISK FUND GRANT PROGRAM CITY OF CANTON the Illinois Public Risk Fund has reserved $25,504 Congratulations! Your organization has qualified for a Preferred Loss Ratio Grant of $13,674 which is included in the above amount. Please visit www.iprf.com for additional information and to complete the Grant Application. Grant deadline is December 1, 2024. sub'ect to the ro ram terms and conditions.