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Home My WebLink AboutR-2023-056 Purchase Workers Compensation, Property, and Liability Insurance from Midwest Public Risk of MO RESOLUTION NO. R-2023-056 A RESOLUTION AUTHORIZING THE PURCHASE OF WORKERS' COMPENSATION, PROPERTY, AND LIABILITY INSURANCE FROM MIDWEST PUBLIC RISK OF MISSOURI FOR THE ANNUAL PREMIUM RENEWAL IN AN AMOUNT NOT TO EXCEED $500,490.06. WHERAS, the City of Riverside has a need for workers compensation, property, and liability insurance: and WHERAS, the City of Riverside in the adoption of its purchasing policy requires all expenditures in excess of$10,000 to be presented to the Board of Aldermen for approval and the City's insurance carrier for workers' compensation, property, and liability insurance has presented an invoice in the amount of$500,490.06 for annual renewal of such insurance coverages; and WHERAS, funds for such purpose were budgeted in the Fiscal Year 2022-2023 budget; and WHERAS, the Board of Aldermen find it is in the best interest of the citizens of the City of Riverside to authorize acquisition and renewal of such insurance coverage and approve the payment to Midwest Public Risk of Missouri, for worker's compensation, property, and liability insurance coverage for the City of Riverside, in an amount not to exceed $500,490.06. NOW THEREFORE, BE IT RESOLVED BY THE BOARD OF ALDERMEN OF THE CITY OF RIVERSIDE, MISSOURI, AS FOLLOWS: THAT, the acquisition and renewal of such insurance coverages and payment to Midwest Public Risk of Missouri for workers' compensation, property, and liability insurance coverage for the City of Riverside, in an amount not to exceed $500,490.06 is hereby authorized and approved; and FURTHER THAT, the Mayor, City Administrator, or either of their designees, are hereby authorized to execute all documents necessary or incidental to this transaction and the City Clerk is authorized to attest thereto. PASSED AND ADOPTED by the Board of Aldermen and APPROVED by the Mayor of the City of Riverside, Missouri, the 6th day of June 2023. t Mayer Kathleen L. Rose ATTEST:. 7- 1 Robin Kincaid, gra• Ci Clerk Midwest Public Risk Invoice No. PL20230512.85 19400 E Valley View Parkway Invoice Date: 5/12/2023 Independence,MO 64055 Due Date: June 30,2023 816.292.7500 www.mprisk.org Amy Strough Riverside,City of 2950 NW Vivion Road Riverside, MO 64150 FY 23-24 PROPERTY AND LIABILITY CONTRIBUTIONS Effective Date 7/1/2023 Expiration Date 7/1/2024 Riverside, City of (PR 183) FY 23-24 Contributions Summary(detail on next page) Property Contributions $76,010.00 Liability Contributions $62,791.00 Total Property and Liability Contributions $138,801.00 Notes: Property pricing was determined using property values as of May 3,2023 Fleet Auto ID cards,Coverage Summaries,Coverage Documents and Certificates will be emailed out prior to July 1,2023 For ACH PAYMENTS: For Check payments--Remit to Bank:Security Bank of Kansas City Midwest Public Risk of Missouri Routing Number:101000925 19400 E Valley View Parkway Account Number:110102302540 Independence,MO 64055 Send remittance email notification to: acctrecOrnprisk.grg. hi1C,Mk F4' PUtILli FY 23-24 Property and Liability Contributions Detail (PR 183) FY 23-24 Property Contributions Detail Total Insured Values Member Contribution Property Description Buildings $32 860 345.10 $50,191.00 Contents $5,526,300.00 $8,442.00 Electronics-EDP $324,119.00 $495.00 Vehicles-APD $3,421,065.00 $5,225.00 Boats $3,050.00 1 $ 5.00 Equipment-Inland Marine $5,713,817.70 $8,727.00 Other Property $1,915,252.00 $2,925.00 Total- Property $49,763,948.80 $76,010.00 FY 23-24 Liability Contributions Detail Coverage Description Liability Payroll Member Contributions Total Payroll $6,088,747.00 Total—Liability $62,791.00 Total Property and Liability Contributions $138,801.00 Midwest Public Risk Invoice No. WC20230511.51 19400 E Valley View Parkway Date: 5/11/2023 Independence,MO 64055 Due Date: June 30,2023 816.292.7500 www.mprisk.org 1V110,,,,FST PLBS, REE,K Amy Strough Riverside,City of 2950 NW Vivian Road Riverside,MO 64150 FY 23-24 WORKERS'COMPENSATION CONTRIBUTION Effective Date 7/1/2023 Expiration Date 7/1/2024 Riverside, City of Standard Premium(see page 2 for details) $369,636.24 (Discount)/Surcharge -5% $-18,481.81 High Experience Mod Adjustment* $ 0.00 Second Injury Fund—4% $10,534.63 Total Workers'Compensation Contributions Due; $361,689.06 *Members with a 3-year average mod factor greater than 1.40 will receive an additional 10%surcharge mmmmm mn For ACH PAYMENTS: For CHECK PAYMENTS--Remit to: Bank:Security Bank of Kansas City Midwest Public Risk of Missouri Routing Number:101000925 19400 E Valley View Parkway Account Number: 110102302567 Independence,MO 64055 Send remittance email notification to: acctrec@JriprJsk.org QUESTIONS: * Payment Questions: Contact Megan Richardson at 816-292-7572 or rriegan@morisk.org * Exposure Data Questions: Contact Kelly Wright at 816-292-7542 or kellyvy@rriprisk.org Class Code Estimated Manual Experience Standard Premium Description Payroll Rate Premium Mod 5506 Street/Road $291,690.36 8.48 $24,735.34 $31,413.88 6306 Sewer Construction $ 0.00 8.75 $ 0.00 $ 0.00 6319 Water Distributions $ 0.00 5.79 $ 0.00 $ 0.00 6836 Marina $ 0.00 5.43 $ 0.00 $ 0.00 7380 Bus Drivers/Drivers NOC $ 0.00 10.55 $ 0.00 $ 0.00 7403 Airport $ 0.00 7.15 $ 0,00 $ 0.00 7520 Waterworks $ 0.00 4.99 $ 0.00 $ 0.00 7539 Electric Power $ 0.00 3.02 $ 0.00 $ 0.00 7580 Sewer Plant $ 0.00 4.74 $ 0.00 $ 0.00 7590 Garbage/Refuse $ 0.00 5.45 $ 0.00 $ 0.00 7610 Broadcasting $ 0.00 .80 $ 0.00 $ 0.00 7705 EMS/Drivers $ 0.00 7.64 $ 0.00 $ 0.00 7710 Firefighters/Drivers $1,223,584.75 9.42 $115,261.68 $146,382.33 7711 Firefighters/Drivers-Volunteers I $ 0.00 9.42 $ 0.00 $ 0.00 7720 Police/Drivers $2,123,162.21 5.89 $125,054.25 $158,818.90 8017 Retail NOC $ 0.00 2,29 $ 0.00 $ 0.00 8264 Recycling $ 0.00 8.29 $ 0.00 $ 0.00 8391 Auto Brakes $ 0.00 3.92 $ 0.00 $ 0.00 8393 Auto Body $ 0.00 2.69 $ 0.00 $ 0.00 8601 Architects/Engineers $210,075.48 .44 $924.33 $1,173.90 8720 Insurance Inspectors $ 0.00 1.89 $ 0.00 $ 0.00 8742 Collectors $ 0.00 .44 $ 0.00 $ 0.00 8810 Clerical $1,670,549.91 .23 $3,842.26 $4,879.67 8820 Attorney $44,362.62 .21 $ 93.16 $118.31 8831 Dog Catcher $61,771.60 2.03 $1,253.96 $1,592.53 8832 Nurse/Clinic $ 0.00 1 .48 $ 0.00 $ 0.00 1 8833 Hospital Professional Employees $ 0.00 2.01 $ 0.00 $ 0.00 8835 Public Health Nurse-Home Health $ 0.00 3.59 $ 0.00 $ 0.00 8861 Charitable-Welfare Org Prof Employee $ 0.00 2.20 , $ 0.00 $ 0.00 8868 Teachers $ 0.00 .73 $ 0.00 $ 0.00 8869 Day Care Professionals $ 0.00 1.68 $ 0.00 $ 0.00 9015 ' Building NOC $ 0.00 5.58 $ 0.00 $ 0.00 9015 Swimming Pool $ 0.00 5.58 $ 0.00 $ 0.00 l 9033 Housing Authority&Sales $ 0.00 3.52 $ 0.00 $ 0.00 9058 Food Services $ 0.00 2.83 $ 0.00 $ 0.00 9060 Golf Club $ 0.00 2.45 $ 0.00 $ 0.00 9061 Club NOC $ 0.00 2.24 $ 0.00 $ 0.00 9063 YMCA NOC $125,019.19 1.41 $1,762.77 $2,238.72 I 9082 Cooks $ 0.00 2,18 $ 0.00 $ 0.00 9083 Concessions $ 0.00 1.89 $ 0.00 $ 0.00 9101 Museum/Library/Schools all others $ 0.00 5.92 $ 0.00 $ 0.00 9102 Parks $ 0.00 4.89 $ 0,00 $ 0.00 9110 Charitable/Welfare Org all other $ 0.00 5.20 $ 0.00 $ 0.00 9154 Theatre NOC $ 0.00 3.17 $ 0.00 $ 0.00 9156 Theatre $ 0.00 3.78 $ 0.00 $ 0.00 9220 Cemetery $ 0.00 7.55 $ 0.00 1 $ 0.00 9402 Street Cleaning $ 0.00 8.50 $ 0.00 $ 0.00 9402 Sewer Cleaning(Maintenance) $ 0.00 8.50 $ 0.00 $ 0,00 9403 1 Garbage/Trash Driver $ 0.00 12.71 $ 0.00 $ 0.00 9410 Municipal County NOC $318,531.00 5.69 $18,124.41 $23,018.00 TOTALS $6,068,747.12 $291„052.16 1.27 $369,636.24