Resolution to Approve the 2023 Liability, Property, and Workers Compensation Coverage, Insurance, Carrier, and Premiums for Sauk County

Committee Status: 
Approved
Budget Status: 
Budgeted
Decision Impact: 
Major
FTE Impact: 
No
Funding Source: 
Other (see budget status)

Purpose

To approve 2023 WCMIC Insurance

Background

BACKGROUND: The Personnel and Insurance Committee determined Wisconsin County Mutual Insurance Company (WCMIC) provides the most complete coverage for all lines of insurance for 2023, including liability, property, and workers compensation. Therefore, the Personnel and Insurance Committee recommends Wisconsin County Mutual Insurance Corporation (WCMIC) as the most cost-effective proposal for liability, property, and self-insured workers compensation coverage for 2023 as outlined below. *       

*WCMIC provides a significant discount of $40,137 for consolidating the liability, property, and workers compensation coverages for 2023.

Resolution Files: 
PDF icon 2023 Liability Property WC Insurance
Budget Status (Other/External Sources): 

N/A

Resolution Body

THEREFORE, BE IT RESOLVED, the Personnel and Insurance Committee has reviewed the 2023 premiums for general liability, nursing home liability/professional liability and excess liability (umbrella) coverage for Sauk County from the Wisconsin County Mutual Insurance Corporation (WCMIC) and recommends the following as being in the best interest of Sauk County:

 

COVERAGE / DEDUCTIBLE / LIMITS                                                PREMIUM

Public Entity General and Auto Liability                                             

  General and Automobile Liability                                                        $ 368,559

         $10,000 deductible

         $75,000 aggregate

  Uninsured Motorists                                                                             $ included

         $10,000 occurrence

         $25,000 person

         $50,000 occurrence                                                                         

Cyber Enhancement                                                                              $ included      

Special Exposures (Airport and Nursing Home)                                    $ included                                    

Position Schedule Bond                                                                          $     2,510       

Crime                                                                                                     $     7,920                                          

Health Care Center (Nursing Home) Liability Endorsement

Personal Injury Coverage                                                                         

Health Care Center Liability Endorsement                                             $   24,276

  $1,000,000/ Occurrence

  Professional Liability

  $3,000,000/ Aggregate

                                                                                                                   

Total WCMIC Liability Premium (Subject to Escrow Adjustment) $403,265

 

BE IT FURTHER RESOLVED, the Personnel and Insurance Committee has reviewed the renewal for the 2023 premiums for property insurance for Sauk County and recommends the following coverage for Sauk County from Wisconsin County Mutual Insurance Corporation (WCMIC) and recommends the following as being in the best interest of the County:

 

COVERAGE                                           DEDUCTIBLE                        PREMIUM

Buildings, Contents, Property in Open   $25,000                                   $    90,950

Contractors Equipment                             $5,000                                   $ included

 

Equipment Breakdown                              $25,000                                 $   4,884        

Special Use Animal                                   $1,000                                    $ included

Automobile Physical Damage

Comp/Collision                                         $1,000/$5,000                          $   65,511

 

TOTAL PREMIUM TO WCMIC FOR PROPERTY                                  $161,345

 

BE IT FURTHER RESOLVED, the Personnel and Insurance Committee has reviewed the renewal for the 2023 premium for Workers Compensation coverage for Sauk County and recommends that the following self-insurance proposal by Wisconsin County Mutual Insurance Corporation (WCMIC) as being in the best interest of Sauk County

 

COVERAGE                                           LIMITS                                    PREMIUM

Accident                                                  $ 100,000                                $   included

Disease Exposure                                  $ 100,000                                $   included

Maximum Employer Liability                   $ 600,000                                                       

 

TOTAL PREMIUM TO WCMIC FOR SELF-INSURANCE                        $149,917

 

BE IT FURTHER RESOLVED, by the Sauk County Board of Supervisors met in regular session, that the above insurance coverage, carrier, and premiums be, and hereby are, adopted for the policy period of January 1, 2023, through December 31, 2023.

Requested Board Review Date: 
Tuesday, December 20, 2022
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