Loading...
HomeMy WebLinkAboutResolution #5341 RESOLUTION NO. 5341 A RESOLUTION APPROVING AN INSURANCE RENEWAL BETWEEN THE CITY OF CANTON AND ILLINOIS PUBLIC RISK FUND FOR THE CITY' S WORKER' S COMPENSATION COVERAGE FOR THE POLICY YEAR DECEMBER 1,2021 TO DECEMBER 1,2022. WHEREAS,the City of Canton,Illinois has determined that it is necessary and in the best interest to renew the City of Canton Worker' s compensation insurance with the Illinois Public Risk Fund(IPRF) for the policy year of December 1, 2021 to December 1, 2022. NOW,THEREFORE,BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF CANTON,FULTON COUNTY,ILLINOIS AS FOLLOWS: 1. That the renewal attached hereto as "Exhibit A" is hereby approved by the Canton City Council. 2.That the Mayor and the City Clerk of Canton,Illinois,are hereby authorized and directed to execute and deliver said agreement on behalf of the City of Canton. 3. That this Resolution shall be in full force and effective immediately upon its passage by the City Council of the City of Canton,Fulton County,Illinois,and approval by the Mayor thereof. PASSED AND APPROVED THIS 16`h day of November, 2021. AYES: Alderperson Andra Chamberlin, John Lovell, Craig West, Angela Hale, Jeff Fritz, Angela Lingenfetler NAYS: None ABSENT: Alderperson Greg Gossett, Justin Nelson APPRO ED: By: 9,�,X I Kent McDowell, ayor ATTEST: Diana Pavley- ock, City Clerk Illinois Public Risk Fund Workers' Compensation Information Page Policy Number: P1444-2021 Named Insured and Mailing Address: City of Canton 2 N. Main Street Canton, IL 61520 The policy period is from: 12/01/2021 to 12/01/2022 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,lnformation Page Broker Name and Address: Kiesewetter Insurance Agency 115 E. Fort Street,P. O. Box 239 Farmington,IL 61531 Total Estimated Premium: $192,616.00 Administrative Fee: $5,778.00 Total Estimated Cost: $198,394.00 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. Page 1 of 4 EXTENSION OF INFORMATION PAGE ENDORSEMENT'SCHEDULE IPRF WC 00 001 18 Broad Form All Statesfor.Employee Travel IPRF WC 00 00218 Federal Employers'Liability.Act Coverage: IPRF WC 00 003.18 Foreign Voluntary Workers'Compensation and Employers' Liability. For.Traveling Employees IPRF WC 00 004 T9 Longshoremen's arid Harbor-,Workers'Compensation_Act Coverage. IPRF WC 00.005 18. Maritime Coverage: IPRF WC 00.006 18 Voluntary Compensation Page 2 of 4 LPN ILLINOIS PUBLIC RISK FUND Cost Control Through Cooperation Since 1985 1444 City of Canton 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 $ 351,353 $ 0.099 $ 348 0170 Animal Control $ 62,141 $. 2.780 $ 1,728 5506 Street Maintenance $ 273,161 $ 7.464 $ 20,389 7520 Waterworks $ 605,157 $ 2.807 $ 16,987 7580 Sewage Disposal $ 475,970 $ 2.870 $ 13,660 7710 Firefighters $ 1',230,219 $ 4.693 $ 57,734 -7720 Policeman $ 1,738,011 $ 1.886 $ 32,779 8380 Auto Repair $ 56,966 $ 3.123 $ 1,779 8810 Clerical $ 438;819 $ 0.099 $ 434 9015 Building.NOC $ 55,932 $ 2.518 $ 1,408 9102 Parks NOC $ 13,947 $ 3.041 $ 424 9220 Cemetery $ 551777 $ 4.982 $ 2,779 9402 Street Cleaning $ 511,766 $ . 4.594 $ 23,511 9403 Garbage $ 216,456 $. 8.619 $ 18,656 (�0851675 Subtotal:- $ 192,616 3%Administrative Fee: $ 5,778 TOTAL: $ 108,394 Selected payment plan: 12 Equal Monthly Installments Prepared on: Fri September 10 1 I:49:01 2021 Page 3 of 4 IL.LINOIS PUBLIC RISK FUND Cost Control Through Cooperation Since 1985 Installment Schedule 1444 City of Canton 2 N. Main Street Canton, 1L.61520 12 Equal Monthly Installments Due Date Amount Due 12/01/2021 $16,531 01/01/2022 $16,533 02/01/2022 $16,533 03/01/2022 $16,533 04/01/2022 $16,533 05/01/2022 $16,533 06/01/2022 $16,533 07/01/2022 $16,533 08/01/2022 $16,533 09/01/2022 $16,533 10/01/2022 $16,533 11/01/2022 $16,533 Page 4 of 4