Workers’ compensation renewal with First Dakota Indemnity
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Description
First Dakota Indemnity is recommended to continue providing Workers’ Compensation insurance to Frazee/Vergas Public Schools for 2026–2027 at an annual premium of $30,698. The renewal reflects higher payroll, a lower experience modification factor, and updated 2026 base rates.
Contract Details
Contract Amount
$30,698.00 annual premium
Vendor
FIRST DAKOTA INDEMNITY
Agency
Frazee-Vergas Public School District, MN
Contract Type
INSURANCE
Document Date
May 6, 2026
Contract Term
Policy year 2026–2027 (renewal of expiring 2025–2026 term)
Renewal Date
2027-06-30
Renewal Info
Proposal recommends renewal of the Workers’ Compensation policy with RAS-First Dakota Indemnity for the 2026–2027 term, incorporating updated payroll, experience mod, and scheduled credit; future premiums will adjust with payroll and loss experience.
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