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1986-07-01 Board of Selectmen Minutes
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1986-07-01 Board of Selectmen Minutes
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i <br /> i <br /> TOWN OF READING <br /> i <br /> WORKERS' COMPENSATION SELF-INSURANCE <br /> RENEWAL TERMS <br /> JULY 1 , 1986 <br /> f <br /> j 1 ) Specific and Aggregate Stop Loss Coverage j <br /> - Safety Mutual Insurance Co. Policy No. AGC-1188-MA <br /> - July 1 , 1985 - July 1 , 1987 - Two Years with Continuous Option <br /> July 1 , 1986 - July 1 , 1987 Payroll Estimate —$15,208,155 (5% increase) <br /> Estimated Manual Premium - $25615,936 <br /> e <br /> ° - Specific Retention - $175,000 ($150,000 Last Year) .S.M Minimum $225,000 <br /> - Reinsurance Rate 8.1% of manual (same last year) <br /> Deposit Premium $20,812 plus 832.48 State Surplus Tax ($19,820 and j <br /> �l 792.80 Tax Last Year) <br /> 2) Other Charges <br /> li <br /> j <br /> Murphy and Beane - $13,000 Flat Charge (same as last year) <br /> 'j <br /> Loss Control - $ 5,760 Monthly Visits ( ) <br /> j' Management Information - $2,125 adjustable $25 per claim with $1 ,800 <br /> Minimum (Average 85 claims per year) <br /> it ($1 ,750 last year) <br /> I <br /> f' <br /> i <br /> I <br /> 1821Y <br /> I� <br />
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