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Council renews workers' compensation policy and selects $3,000 per-claim deductible
Summary
Pryor Creek approved renewal of its workers' compensation and employer liability insurance with ComSource Mutual and selected a $3,000 per-claim deductible after staff and insurer explanation of deductible options.
Pryor Creek approved renewal of its workers' compensation and employer liability coverage with ComSource Mutual Insurance Company and selected a $3,000 per-claim deductible, the mayor announced at the council meeting.
City staff said updated premium numbers requested by the council were included in the latest documents and that the formula used to compute the premium remained unchanged. A staff member identified as Kennedy provided an explanation of deductible options; staff recommended a $3,000 deductible as an appropriate middle option for the city's staffing size, saying a $1,000 deductible was likely too low and $5,000 too high for the city's workforce.
The mayor asked employees to exercise caution on the job to reduce workers' compensation claims and said the city would monitor the program with the goal of lowering the city’s workers' compensation rating. Council members voted to renew the policy and adopt the $3,000 per-claim deductible.
