Page 109 - Yucaipa Valley Water District - Board Workshop
P. 109
Workshop Memorandum 18-236
Date: October 9, 2018
From: Kathryn Hallberg, Implementation Manager
Subject: Overview of the Proposed Workers’ Compensation Insurance Policy Renewal
Yucaipa Valley Water District currently has a workers’ compensation insurance policy with EPIC
Brokers with insurance coverage provided by Berkshire and Hathaway.
The District has investigated and requested a variety of quotes. The District maintains a very
good safety record that has allowed the broker to obtain multiple competitive quotes.
The attached spreadsheet details the quotes received. Redwood F&C Berkshire Hathaway
submitted a quote for $117,066 and has the strongest rating of A++XV, which is the highest rating
given and a more than sufficient financial capacity to provide the necessary policy limits. Cal
Mutual JPRIMA’s premium quote of $110,290 with a rating of A XII was less than Redwood F&C
Berkshire Hathaway but requires a 3-year commitment without a guarantee of price locking the
premium in the following years.
Financial Consideration
Funding for the insurance will be split between the Water, Sewer and Recycled Water Funds, [GL
Account #xx-5-xx-50019] Workers Compensation. This expense is included in the 2018-19
approved budget.
Yucaipa Valley Water District - October 9, 2018 - Page 109 of 172
