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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 />2021 Departmental Goals <br />• Continue to use the Internal Service Fund for Health Insurance, General Liability, and Worker’s <br />Compensation. <br />• Continue to analyze cost-saving measures for insurance <br /> <br />Budgetary Commentary <br />The 13.23% increase is based on a 10% increase in premiums over the 2020 actual numbers. There is also a <br />$1,000 deductible budgeted for both General Liability and Worker’s Compensation claims. <br /> <br />Insurance Budget Summary 2018 Actual 2019 Actual 2020 Budget 2021 Budget <br /> <br />General Liability $22,068 $20,888 $24,640 $25,570 <br />Worker’s Compensation 8,540 7,809 9,740 13,360 <br />Total $30,608 $28,697 $34,380 $38,930 <br />Percent Change 13.23% <br /> <br /> <br />DRAFT DOCUMENT -9/3/2020 42