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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 />2025 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 />A 3.83% increase. The 2025 budget is estimated based on the 2024 premium and adding a 3% increase from <br />2024 invoice for General Liability and a 5% increase for Worker’s Compensation. <br /> <br />Insurance Budget Summary 2022 <br />Actual <br />2023 <br />Actual <br />2024 <br />Budget <br />2025 <br />Budget <br />General Liability $25,960 25,790 $29,811 30,705 <br />Worker’s Compensation 12,830 19,600 21,339 22,405 <br />Total $38,790 $45,390 $51,149 $53,110 <br />Percent Change 3.83% <br /> <br />47