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Yet/4 ceanacia <br />515 Little Canada Road, Little Canada, MN 55117 -1600 <br />(612) 484 -2177 / FAX: (612) 484 -4538 <br />MEMORANDUM <br />TO: Mayor Hanson and Members of the City Council <br />FROM: Joel Hanson, City Administrator <br />DATE: March 21, 1991. <br />RE: Worker's Compensation Insurance Renewal <br />MAYOR <br />Raymond G. Hanson <br />COUNCIL <br />Beverly Scalze <br />Bill Blesener <br />Rick Collova <br />Jim LaValle <br />ADMINISTRATOR <br />Joel R. Hanson <br />Attached is a copy of the renewal quotation for worker's <br />compensation through the League of Minnesota Cities' <br />Insurance Trust (LMCIT). This plan is administered by <br />Employee Benefit Administration Company. You will note <br />that the renewal premium for 1991 is $11,798. This is <br />compared to the 1990 figure of $10,307. The difference in <br />costs is due to higher estimated payroll costs and <br />increases in rates associated with each work classification <br />code. It should also be noted that part of this increase <br />has been offset by a reduction in our experience <br />modification from .88 to .75. This is an excellent <br />experience modification and I seriously doubt that we will <br />be able to maintain at this low level into the future. <br />No other quotations were received for this coverage due to <br />our review of this matter one year ago and due to the fact <br />that LMCIT's programs are very cost competitive. It should <br />also be noted that I had an alternate quote for the Fire <br />Department to include them under our coverage. However, it <br />appears that there is no economic advantage in doing this. <br />Therefore, it is my recommendation that we renew our <br />worker's compensation with LMCIT per the quotation <br />attached. <br />JRH:kpv <br />Enclosure <br />P 02 <br />