newcastle_public_schools_workers_compensation_insu.pdf
Workers Compensation Coverage Proposed with Luba Indemnity
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Description
Newcastle Public Schools received a workers compensation insurance proposal from Luba Indemnity Insurance Company for the 7/1/2023–7/1/2024 term at an estimated annual premium of $71,624. The coverage includes statutory workers compensation benefits and $1,000,000 employers liability limits.
Contract Details
Contract Amount
$71,624 (Total Estimated Premium)
Vendor
LUBA INDEMNITY INSURANCE COMPANY
Agency
Newcastle Public Schools, OK
Contract Type
INSURANCE
Document Date
July 1, 2023
Contract Term
7/1/2023 - 7/1/2024
Renewal Date
2024-07-01
Renewal Info
Proposal reflects renewal of workers compensation coverage with an increased premium from $56,646 expiring to $71,624 for the 7/1/2023–7/1/2024 term. Future renewal subject to updated payroll, experience mod, and rating factors.
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