HomeMy WebLinkAboutReso 2003-393RESOLUTION NO. 2003-393
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
CHULA VISTA AUTHORIZING THE CITY MANAGER TO
ENTER INTO ANY AGREEMENTS NECESSARY TO OBTAIN
EXCESS WORKERS' COMPENSATION INSURANCE
COVERAGE FOR THE POLICY PERIOD COMMENCING
OCTOBER 1, 2003, VIA THE MOST COST-EFFECTIVE
MEANS AVAILABLE
WHEREAS, insurance above the City's self-insured retention (SIR), known as "excess
insurance" and currently $500,000 per occurrence, is purchased to protect the City from
catastrophic losses; and
WHEREAS, the City has obtained excess insurance coverage via a group purchase with
other member cities of the City's liability insurance pool (SANDPIPA) and is currently
purchasing coverage independent of other agencies; and
WHEREAS, the City has recently learned that excess workers' compensation insurance,
in its current form, may no longer be available to the City, and, if it is available, may be at prices
200% above the City's current premium; and
WHEREAS, the City is recommending that the plan be amended to implement changes in
the compensation package for the City Manager recently approved by the Council; and
WHEREAS, the City is currently working with its insurance broker, Driver Alliant, to
identify coverage alternatives, including shared risk pools, group financing and self-funding of
these losses; and
WHEREAS, since the City's renewal window is very short and the exact options
available to the City will not be known until the last minute, the City needs to be responsive to
the most advantageous alternative.
NOW, THEREFORE, BE IT RESOLVED the City Council of the City of Chula Vista
does hereby authorize the City Manager to enter into any agreements necessary to obtain Excess
Workers' Compensation insurance for the policy period commencing October 1, 2003, via the
most cost effective means available.
BE IT FURTHER RESOLVED that Director Finance of the City of Chula Vista is hereby
authorized and directed to execute said agreement on behalf of the City.
Presented by
Approved as to form by
Marcia Raskin
Human Resources Director
Ann Moore
City Attorney
Resolution 2003-393
Page 2
PASSED, APPROVED, and ADOPTED by the City Council of the City of Chula Vista,
California, this 16th day of September, 2003, by the following vote:
AYES:
Councilmembers:
Davis, McCann, Rindone, Salas and Padilla
NAYS:
Councilmembers: None
ABSENT:
ATTEST:
Councilmembers:
None
Susan Bigelow, CMC, Cify Clerk
STATE OF CALIFORNIA )
COUNTY OF SAN DIEGO )
CITY OF CHULA VISTA )
I, Susan Bigelow, City Clerk of Chula Vista, California, do hereby certify that the foregoing
Resolution No. 2003-393 was duly passed, approved, and adopted by the City Council at a
regular meeting of the Chula Vista City Council held on the 16th day of September, 2003.
Executed this 16th day of September, 2003.
Susan Bigelow, CMC, City l~lerk