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HomeMy WebLinkAboutR-2024-058 Purchase of Workers' Compensation, Property, and Liability Coverage RESOLUTION NO. R-2024-058 A RESOLUTION APPROVING THE PURCHASE OF WORKERS' COMPENSATION, PROPERTY, AND LIABILITY COVERAGE. BE IT RESOLVED BY THE BOARD OF ALDERMEN OF THE CITY OF RIVERSIDE, MISSOURI AS FOLLOWS: THAT the acquisition of workers' compensation, property, and liability coverage for the period beginning July 1, 2024, from MIRMA in accordance with the attached proposal is hereby approved and authorized; and FURTHER THAT an assessment for the upcoming coverage year, July 1, 2024 through June 30, 2025, in the amount of$618,550 is approved and authorized; and FURTHER THAT the Mayor, the City Administrator, and other appropriate City officials are hereby authorized to take any and all actions as may be deemed necessary or convenient to carry out and comply with the intent of this Resolution and to execute and deliver for and on behalf of the City all certificates, instruments, agreements, and other documents, as may be necessary or convenient to perform all matters herein authorized. PASSED AND ADOPTED by the Board of Aldermen of the City of Riverside, Missouri,the 'f day of<\ , 2024. elteida //0 4%-k'd& r `' " Mayor Kathleen L. Rose AT' EST: J � J Robin Kineaid, ity Clerk /[iii* Missouri Intergovernmental Risk Management Association 3002 Falling L.earCourt . Columbia,Missouri 65201 Phone:(573)817-2554 .Fax:(573)441-0515 .www.mirma.org Missouri's Municipal Trust MISSOURI INTERGOVERNMENTAL RISK MANAGEMENT ASSOCIATION MEMBERSFIIP CONTRACT Effective July 1, 2024, The City of Riverside. Missouri does hereby bind itself contractually for an indefinite term to the Missouri Intergovernmental Risk Management Association thereby accepting and adopting its Revised Articles of Association, Articles I through VIII, and any current or subsequent amendments and its Revised By-Laws, Sections I through XVIII and any current or subsequent amendments and does hereby agree to abide by said Articles and By-Laws accepting all rights. privileges, and obligations therein contained as a condition of membership in said Association. It is therefore agreed and understood that the Missouri Intergovernmental Risk Management Association does hereby extend all rights and privileges of membership to The City of Riverside to become effective on July 1, 2024, and shall fulfill all obligations of the Association, as set forth in the Articles of Association and By-Laws and their amendments. The payment of consideration for membership during FY2025, to be made by The City of Riverside shall be in the amount of$618,550. Each year thereafter consideration shall he established in accordance with provisions contained in the above noted Articles of Association and By-Laws,and any subsequent amendments. As a condition of membership, the City of Riverside hereby agrees to permit and require an official or employee of The City of Riverside to attend the Association's Annual Meeting to be held at the Lake of the Ozarks,July 24, 2024 through July 26,2024. This contract is binding upon The City of Riverside as of the date of signing and is a condition of membership. for membership to become effective July l,2024. This agreement is hereby executed this 4th day of June, 2024 by the parties hereto as follows: Missouri Intergovernmental Risk The City of Riverside Management Association B • By: � �_ - - �• . � � � , Till E. ,tame Director Title: Mayor . • Witness •"�jo a 7 I Ille: City Clerk M Lie vitt- Missouri Intergovernmental Risk Management Association 3002 Falling Leaf Court . Columbia,Missouri 65201 Phone:(573)817-2554 .Fax:(573)441-0515 .www.mirma.org Missouri's Municipal Trust MISSOURI INTERGOVERNMENTAL RISK MANAGEMENT ASSOCIATION MEMBERSHIP CONTRACT Effective July 1, 2024, The City of Riverside, Missouri does hereby bind itself contractually for an indefinite term to the Missouri Intergovernmental Risk Management Association thereby accepting and adopting its Revised Articles of Association, Articles I through VIII, and any current or subsequent amendments and its Revised By-Laws, Sections I through XVIII and any current or subsequent amendments and does hereby agree to abide by said Articles and By-Laws accepting all rights, privileges, and obligations therein contained as a condition of membership in said Association. It is therefore agreed and understood that the Missouri Intergovernmental Risk Management Association does hereby extend all rights and privileges of membership to The City of Riverside to become effective on July 1, 2024, and shall fulfill all obligations of the Association, as set forth in the Articles of Association and By-Laws and their amendments. The payment of consideration for membership during FY2025, to be made by The City of Riverside shall be in the amount of$618,550. Each year thereafter consideration shall be established in accordance with provisions contained in the above noted Articles of Association and By-Laws,and any subsequent amendments. As a condition of membership, the City of Riverside hereby agrees to permit and require an official or employee of The City of Riverside to attend the Association's Annual Meeting to be held at the Lake of the Ozarks,July 24,2024 through July 26,2024. This contract is binding upon The City of Riverside as of the date of signing and is a condition of membership, for membership to become effective July 1,2024. This agreement is hereby executed this 4th day of June,2024 by the parties hereto as follows: Missouri Intergovernmental Risk The City of Riverside Management Association By: By: Title: Executive Director , ` ., Title: Mayor Witne�r. • t`„ Title; ( ty..Clerk : e .r 1` , • Riverside Coverage Comparison 54-2024 MIRMA Expiring General Liability General Liability $4,500,000 Limit for Federal&out of State Lawsuits $3,370,137 when MO's Sovereign immunity applies $3,370,137 when MO's Sovereign immunity applies $3,000,000 Limit all others $5,000,000 Limit all others $0 Deductible General Liability $10,000 General Liability Deductible $0 Deductible Law enforcement Liability $5,000 Law Enforcment Liability Deductible $0 Deductible Sewer Liability $10,000 Sewer Liability Deductible $6,5000,000 Liabilty annual aggregate $6,000,000 Liabilty annual aggregate Public officials'IlabilltylE&O Public officials'liabilitylE&O $4,500,000 Limit for Federal Lawsuits $3,370,137 when MO's Sovereign immunity applies $3,370,137 when MO's Sovereign immunity applies $3,000,000 Limit all others $5,000,000 Limit all others $0 Deductible E&O $10,000 E&O Deductible $0 Deductible Employee Benefits $10,000 Employee Benefits Deductible Injunctive Relief-non-monetary damages Injunctive Relief:non-monetary damages- $10,000/$25,000 defense only not included? Employment Practices Liability Employment Practices Liability $1,000,000 Limit $5,000,000 Limit $10,000 deductible with a$5,000 credit for using included HR-1Call $10,000 deductible Deductible doesn't apply to sucessfully defended claims Sexual Abuse and Molestation Liability Sexual Abuse and Molestation Liability $1,000,000 Limit Exclusion 3.52 pg 13 $10,000 deductible,doesn't apply to successfully defended claims $50,000 Defense only coverage for the Employee Workers'Compensation Workers'Compensation Included Statutory Benefits Included Statutory Benefits $2,000,000 Employers Liability Employers Liability Property Property Replacement Cost coverage ($100,000,000 shared limit) Replacement Cost coverage ($500,000,000 shared limit) 110%of scheduled amount Scheduled amount $1,000 deductible per occurrence $5,000 deductible per occurrence $1,000 wind and hail deductible $5,000 wind and hail deductibe Heavy equipment(contractors or mobile equipment) Heavy equipment (contractors or mobile equipment) Included Actual Cash Value coverage included Actual Cash Value coverage $1,000 deductible $2,500 Deductible Equipment Breakdown Equipment Breakdown Included ($100,000,000 shared limit) Included ($100,000,000 shared limit) $1,000 deductible $2,500 Deductible Earthquake Earthquake Replacement cost coverage($75,000,000 shared limit) Replacement cost coverage ($25,000,000 shared limit) 110%of scheduled amount($5,000,000 sublimd per member) per schedule $1,000 deductible per occurrence $5,000 deductible per occurrence Flood Flood Replacement Cost coverage inlcuded 110%of scheduled amount($100,000,000 shared limit) per schedule ($25,000,000 shared limit) $1,000 deductible outside of zone A $1,000 deductible outside of zone A Excess of NFIP or$50,000 deductible in zone A($10,000,000 Limit) deductible in zone A($10,000,000 Limit) Auto Auto Liability limits Liability limits $4,500,000 $5,000,000 $0 Deductible $2,500 Deductible Physical Damage-per occurrence Physical Damage-per vehicle $1,000 Collision&Comp deduct.vehicles<=3/4ton $1,000 Collision&Comp deduct.All vehicles $2,500 Collision&Comp deduct.vehicles>3/4 ton Crime&Employee Dishonesty Crime&Employee Dishonesty $100,000 per occurrence $1,000,000 Limit/Theft,Disappearance and Destruction $0 deductible $2,500 Deductible Cyber&Privacy Liability Cyber&Privacy Liability Not Included Not Included training and phishing testing are included UAS(Drones)Physical Damage UAS(Drones)Physical Damage Included Actual Cash Value coverage Not Included $1,000 deductible Non-owned UAS(Drones)Liablity Non-owned UAS(Drones)Liablity $1,000,000 per occurrence Not Included $0 deductible Services Services Grant program,75%funding on dash&body cameras,etc. ??? Police Accreditation Reimbursement ??? Aquatic Audit Reimbursement ??? MOLTAP Safety Training Reimbursement ??? Onsite loss control services ??? Human Resources Attorney Helpline ??? Online Police Training ??? Onsite Judgmental Firearms Training Not provided Onsite Safety Training ??? Onsite thermal imaging ??? Cyber Training&Phishing Testing ??? Non-auditable Auditable All the above provided by MIRMA,Missourl's original non-profit municipal self insurance pool— MPR 'a$5.000 deductible wtlll be applicable to law enforcement eocesoue force claims,pursuit and emergency dnwng claims.however the deductible is waived d the member proAdes Adeo footage of the incident Dash earns,body earns and poke station security cameras are availeble through MIRMA's grant program Airport Si Drone Liability is a group purchase included with membership mAid1144e. 1 MIRMA IRMA Missouri Intergovernmental Risk Management Association 3002 Falling Leaf Court- Columbia, Missouri 65201 - (573) 817-2554 INVOICE TO: City of Riverside Date of Invoice: 05/23/24 2950 NW Vivion Rd. Riverside, MO 64150 Payment Due: 06/28/24 ATTN: Amy Strough, Human Resources Manager Description Debits Credits Membership and all coverages effective for the period 07/01/24 through 6/30/25 (601000) $618,550.00 Total $618,550.00 Amount Due $618,550.00 Payment will be considered late if not received in the MIRMA office by the due date and will be charged a 1.5% late fee per month (minimum $15.00).