21-5687 AMRRP Workers Compensation

The City of Goodyear has entered into a contract with Arizona Municipal Risk Retention Pool (AMRRP) for workers' compensation insurance. The contract is for a period of one year, from July 1, 2025, to June 30, 2026, and has a contract amount of $1,000,000. The contract is an amendment to a previous contract and includes various endorsements and schedules. The insurance policy includes workers' compensation insurance and employers' liability insurance, and the City of Goodyear is responsible for paying premiums and adhering to the terms and conditions of the policy. Some of the key aspects of the contract include: * The contract is for workers' compensation insurance, which provides coverage for bodily injury by accident or disease to employees. * The contract includes employers' liability insurance, which provides coverage for damages arising out of bodily injury to employees. * The contract has a deductible amount of $10,000 per claim and an aggregate deductible amount of $150,000. * The contract includes various endorsements, such as the Arizona Per Claim/Aggregate Deductible Endorsement and the Quarterly Installment Billing Endorsement. * The contract requires the City of Goodyear to keep records of information needed to compute premium and to provide copies of those records to AMRRP when requested. * The contract includes a provision for cancellation, which requires 90 days' written notice from AMRRP to the City of Goodyear. Some of the benefits of this contract to the City of Goodyear include: * The contract provides coverage for workers' compensation and employers' liability, which can help to protect the City of Goodyear from financial losses due to employee injuries or illnesses. * The contract includes a deductible amount, which can help to reduce the City of Goodyear's premium costs. * The contract includes various endorsements, which can provide additional coverage and benefits to the City of Goodyear. Some of the drawbacks of this contract include: * The contract requires the City of Goodyear to pay premiums, which can be a significant expense. * The contract includes a provision for cancellation, which can be a risk for the City of Goodyear if AMRRP decides to cancel the contract. * The contract requires the City of Goodyear to keep records and provide information to AMRRP, which can be an administrative burden. Overall, the contract between the City of Goodyear and Arizona Municipal Risk Retention Pool (AMRRP) is a standard contract for workers' compensation insurance and employers' liability insurance. The contract includes various provisions and endorsements that can provide benefits and protections to the City of Goodyey, but also requires the City of Goodyear to pay premiums and adhere to certain terms and conditions. • The contract is for a period of one year, from July 1, 2025, to June 30, 2026. • The contract has a contract amount of $1,000,000. • The contract includes various endorsements and schedules. • The insurance policy includes workers' compensation insurance and employers' liability insurance. • The City of Goodyear is responsible for paying premiums and adhering to the terms and conditions of the policy.