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Friday, Apr. 29, 2016

PC council reviews insurance bids

Friday, January 6, 2012

In a special meeting of the Pierce City Board of Aldermen council members reviewed bids for worker's compensation, employee health and liability insurance. The meeting took place on Dec. 29.

Two bids came in on the worker's compensation offer. The first was from the city's current provider, Missouri Employers Mutual, in the amount of $8,496.16, and the second was from Midwest Public Risk, at a cost of $6,953.

Aldermen approved the bid from Midwest at an annual savings of $1,543.16 or $29.67 per week.

In other business, City Clerk Julie Johnson reported the city's current employee health insurance provider, Anthem Blue Cross/Blue Shield, was increasing premiums by $100.23 per person per month, or a total of $434.34 for all covered employees. Aldermen approved the city absorbing the cost increases for employees.

Aldermen also reviewed two bids for the city's property, liability and auto insurance.

The first was from Missouri Public Entity Risk Management Fund (MoPERM), the city's current provider. The city would have deductibles of $2,500 for property; $250 for auto; $1,000 for public officials; and $2,500 for equipment. Cost of the coverage is $42,310, approximately $1,888 above last year's premium.

The policy also covers flood damage in the amount of $2,500, and the city can't be canceled or refused coverage.

Trident also offered coverage at a cost of $31,821. Deductibles through that company would include: $2,500 for property; $500 for auto; $2,500 for public officials; and $5,000 for equipment.

That company's rider would provide flood insurance with a deductible of $25,000.

Aldermen voted to continue service with MoPERM due to the staggering difference in the flood insurance deductible.

Workers from Southwest Communications, of Neosho, were contacted regarding malfunctioning of the city's police radio repeater. A representative of the company told Mayor Allen Stockton that workers would have to climb the water tower to determine what repairs are necessary but indicated that a complete replacement shouldn't cost more than $4,000.

Aldermen approved having the city's police radio repeater repaired or replaced at a worst-case scenario cost of no more than $4,001.

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