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HomeMy WebLinkAbout2026-07-21; City Council; 01; Purchase of Excess Workers’ Compensation Insurance for Policy Year 2026-2027CA Review JRT Meeting Date: To: From: Staff Contact: kierstyn.yaross@carlsbadca.gov, 760-814-4288 Sarah Reiswig, Risk Manager sarah.reiswig@carlsbadca.gov, 442-200-4718 Subject: 2026-2027 Districts: Recommended Action Adopt a resolution authorizing the purchase of excess workers’ compensation insurance through Safety National Casualty Corporation for policy year 2026-27 for $356,851. Executive Summary Safety National Casualty Corporation has been the city’s excess workers’ compensation insurance carrier since policy year 2007-08. The city is self-insured for all employees' workers’ compensation claims of up to $1.5 million. This insurance would cover claims that exceed that amount. Based on the city’s successful history with Safety National Casualty Corporation and the acceptable quote, staff recommend renewing its policy with the insurer. The policy period will run from Aug. 1, 2026, to July 31, 2027, and the annual premium is estimated to be $356,851. Carlsbad Municipal Code Section 3.28.040(D)(1) requires this renewal to be approved by the City Council because the cost will exceed $250,000 per agreement year. Fiscal Analysis The policy year 2025-26 rate was $0.3414 per every $100 in payroll. The policy year 2026-27 rate will increase to $0.3484 per $100 in payroll. The overall premium for policy year 2026-2027 is estimated to be $356,851, based on current payroll data. The carrier will invoice final costs after auditing actual payroll expenses at the end of the policy year. Sufficient funds have been requested in the fiscal year 2026-27 budget for this premium. Next Steps With the City Council’s approval, staff will complete all necessary administrative actions to renew the insurance. July 21, 2026 Item #1 Page 1 of 4 Docusign Envelope ID: ADE66EB2-7D77-8185-836B-ABC2D6485BF4 Environmental Evaluation The proposed action is not a “project” as defined by California Environmental Quality Act, or CEQA, Section 21065 and CEQA Guidelines Section 15378(b)(4) and does not require environmental review under CEQA Guidelines Section 15060(c)(3) as it is a government fiscal activity and does not involve any commitment to any specific project which may result in a potentially significant physical impact on the environment. The activity or projects for which this budget is intended to fund may require preparation of an environmental document in accordance with CEQA and CEQA Guidelines. Exhibit 1.City Council resolution July 21, 2026 Item #1 Page 2 of 4 Docusign Envelope ID: ADE66EB2-7D77-8185-836B-ABC2D6485BF4 Exhibit 1 RESOLUTION NO. 2026-151 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CARLSBAD, CALIFORNIA, AUTHORIZING THE PURCHASE OF EXCESS WORKERS’ COMPENSATION INSURANCE THROUGH SAFETY NATIONAL CASUALTY CORPORATION FOR POLICY YEAR 2026-27 FOR $356,851 WHEREAS, the City Council of the City of Carlsbad, California, desires to purchase excess workers’ compensation insurance through Safety National Casualty Corporation; and WHEREAS, HUB International has negotiated the purchase of excess workers’ compensation insurance through Safety National Casualty Corporation for the period beginning on August 1, 2026, and concluding on July 31, 2027. NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Carlsbad, California, as follows: 1.That the above recitations are true and correct. 2. That this action is not a “project” as defined by California Environmental Quality Act, or CEQA, Section 21065 and CEQA Guidelines Section 15378(b)(4) and does not require environmental review under CEQA Guidelines Section 15060(c)(3) as it is a government fiscal activity and does not involve any commitment to any specific project which may result in a potentially significant physical impact on the environment. 3.That the purchase of excess workers’ compensation insurance through Safety National Casualty Corporation, effective August 1, 2026, to July 31, 2027, is approved and the City Manager or designee is authorized to direct the Deputy City Manager, Administrative Services, to issue a warrant in an amount estimated to total $356,851 for payment of the premium to Safety National Casualty Corporation. 4.That the City Manager or a designee is authorized to execute any documents necessary to implement the purchase. July 21, 2026 Item #1 Page 3 of 4 Docusign Envelope ID: ADE66EB2-7D77-8185-836B-ABC2D6485BF4 PASSED, APPROVED AND ADOPTED at a Regular Meeting of the City Council of the City of Carlsbad on the 21st day of July, 2026, by the following vote, to wit: AYES: Blackburn, Bhat-Patel, Acosta, Burkholder, Shin. NAYS: None. ABSTAIN: None. ABSENT: None. ______________________________________ KEITH BLACKBURN, Mayor ______________________________________ SHERRY FREISINGER, City Clerk (SEAL) July 21, 2026 Item #1 Page 4 of 4 Docusign Envelope ID: ADE66EB2-7D77-8185-836B-ABC2D6485BF4