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INSURANCE <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 />Service Areas <br />•General Liability •Worker’s Compensation <br />2020/2021 Departmental Accomplishments <br />•Implemented Internal Service Fund for insurance <br />2022 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 />Budgetary Commentary <br />The -.36% decrease is based on a 10% increase in premiums over the 2021 actual numbers for general liability <br />and a 13.5% increase over the 2021 actual numbers for worker’s compensation. The increases are per <br />recommendation from the League of Minnesota Insurance Trust. <br />Insurance Budget Summary 2019 Actual 2020 Actual 2021 Budget 2022 Budget <br />General Liability $20,888 $24,640 $25,570 $25,960 <br />Worker’s Compensation 7,809 9,740 13,360 12,830 <br />Total $28,697 $34,380 $38,930 $38,790 <br />Percent Change -.36% <br />45