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INSURANCE <br /> <br />Overview <br />Insurance contains the property, liability, and worker’s compensation insurance premiums paid by the City of <br />Little Canada. Claims and losses are also paid from the insurance budget. <br /> <br />Service Areas <br />• General Liability • Worker’s Compensation <br /> <br />2020 Departmental Goals <br />• Implement Internal Service Fund for Health Insurance, General Liability, and Worker’s Compensation. <br />• Continue to analyze cost saving measures for insurance <br /> <br />Budgetary Commentary <br />The 3.4% increase is based on a 12% increase in premiums over the 2019 actual numbers. There is also a $1,000 <br />deductible budgeted for both General Liability and Worker’s Compensation claims. <br /> <br />Insurance Budget Summary 2017 Actual 2018 Actual 2019 Budget 2020 Budget <br /> <br />General Liability $21,110 $22,068 $24,310 $24,640 <br />Worker’s Compensation 8,063 8,540 8,940 9,740 <br />Total $29,173 $30,608 $33,250 $34,380 <br />Percent Change 3.4% <br /> <br /> <br />DRAFT DOCUMENT 29