INSURANCERECOMMENDED

California Association for Park and Recreation Indemnity AgendaPacket Regular Meeting of the Board of Directors 2026-06-23

CAPRI To Renew Excess Workers’ Comp With PRISM

$1,314,121 (estimated WC annual cost for FY 2026-27)California Association For Park And Recreation IndemnityPUBLIC RISK INNOVATION, SOLUTIONS, AND MANAGEMENT PRISM EXCESS WORKERS’ COMPENSATION PROGRAMJune 23, 2026

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Description

CAPRI staff recommends renewing its excess Workers’ Compensation insurance with PRISM’s Excess Workers’ Compensation Program for FY 2026-27 at an estimated premium of $1,314,121. The policy will provide coverage above CAPRI’s $350,000 self-insured retention based on projected payroll of $156.6 million.

Contract Details

Contract Amount

$1,314,121 (estimated WC annual cost for FY 2026-27)

Vendor

PUBLIC RISK INNOVATION, SOLUTIONS, AND MANAGEMENT PRISM EXCESS WORKERS’ COMPENSATION PROGRAM

Agency

California Association For Park And Recreation Indemnity, CA

Contract Type

INSURANCE

Document Date

June 23, 2026

Contract Term

Fiscal Year 2026-2027

Renewal Date

2027-06-30

Renewal Info

Annual renewal of excess Workers’ Compensation coverage through PRISM; renewal is for the 2026-27 coverage year and reflects updated payroll exposure and rates.

Issuing Agency