HomeMy WebLinkAboutResolution #5498 - insurance renewal with IPRF RESOLUTION NO. 5498
A RESOLUTION APPROVING AN INSURANCE RENEWAL BETWEEN THE CITY
OF CANTON AND ILLINOIS PUBLIC RISK FUND FOR THE POLICY YEAR
DECEMBER 1,2024 TO DECEMBER 1,2025 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, 2024 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 19th day of November, 2024.
AYES: Alderpersons Chamberlin, Grimm,Nelson, Lovell, Hale, Gossett, Ketcham, Lingenfelter
NAYS:None
ABSENT:None
APPROVED.
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ATTESTY en�
Andi Walters,Acting i Clerk
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.Illinois Public Risk Fund
Workers' Compensation Information Page
Policy Number: P1444-2024
Named Insured and Mailing Address:
City;of Canton
2 N.Main Street
Canton, IL 61520
The policy period is from: 1.2/01/2024 to 12/01/2025
12:01 a.m.'Standard Time of the Insured's mailing address
Coverage:
Part One-of the 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 limits of our Liability
under Part Two are:
Bodily Injury by Accident $3,000,000 each accident
Bodily Injury by Disease $3,000,000 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 Insurance Agency LLC
115 E.Fort Street,P.O.Box 239
Farmington,IL 61.531
Total Estimated Premium: $228,063.00
Administrative Fee: $6 42.00
Total Estimated Cost: (!!!4,1=05,00
Cancellation: In the 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 Conditions: 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.Illinois Public Risk Fund's By-Laws and Pooling
Agreement.
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