Title
Resolution to Approve the Second Amendment to the Service Contract between CompOne Administrators, Inc. and the City, dated July 1, 2019, to Continue Services for an Additional Three Years ($89,274.00)
Memorandum
This resolution is to approve the Second Amendment to the Service Contract between CompOne Administrators, Inc. and the City, dated July 1, 2019 (the Contract), to extend the Contract for an additional three years at an estimated cost of $89,274.00 (the Amendment). Pursuant to the Amendment, CompOne Administrators, Inc. will continue to provide third-party administrator (TPA) services related to workers' compensation claims for the City. Funding for these services is budgeted and available in the Risk Fund.
Staff recommends this three-year extension with CompOne to continue these critical services. For effective management of workers' compensation, the TPA must be closely integrated with both the insurance carrier and the City's administrative frameworks. CompOne has maintained approval from our insurance carriers and the State since 2013, consistently demonstrating high performance and reliability.
This three-year agreement will ensure continuity and stability in our workers' compensation management, aligning with the City's strategic goals for risk management.
Staff
Prepared by: Crystal Allen, Deputy Treasurer
Reviewed by: Michael J. Pettigrew, City Treasurer
Michelle Landis, Senior Assistant City Attorney
Marti Praschan, Chief Financial Officer
Approved by: Milton Dohoney Jr., City Administrator
Body
Whereas, The City entered into a Service Contract between CompOne Administrators, Inc. dated July 1, 2019 for the provision of workers' compensation third-party claims administration services (the Contract);
Whereas, The Contract is set to expire on June 30, 2024;
Whereas, The City requires continuing dependable workers' compensation third-party claims administration services and aims to maintain effective management of wor...
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