25-0934
One-Year Term Contract for Excess Workers’ Compensation Insurance and Workers' Compensation Self-Insurance Surety Bond (Citywide) As a self-insured entity for the administration of workers' compensation benefits, Arizona statute requires the City to maintain financial protection over the program by obtaining excess workers' compensation insurance and to provide a security deposit based on the total unpaid losses of open compensable workers' compensation claims, which is accomplished through securing a surety bond. Staff recommend the purchase of an excess workers' compensation insurance policy, through the City’s insurance broker, Arthur J Gallagher & Co., with a self-insured retention up to $1.25 million per accident/injury/illness and $2 million for statutory presumptive illnesses for a premium up to $750,000 and a workers’ compensation self-insurance surety bond for the bond rate up to $12.00 per every $1,000 of unpaid losses and liabilities.
- Committee
- City Council
- Introduced
- October 16, 2025
- On agenda
- November 3, 2025