Fairbank City Council Minutes 2026-06-08
Council Tables Workers’ Compensation Renewal Proposal
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Description
The Fairbank City Council reviewed but tabled a workers' compensation insurance renewal proposal presented by Hub International, reflecting an estimated FY2027 premium of $8,828.00, about 27% higher than FY2026. Council requested additional payroll information from IMWCA before making a decision.
Contract Details
Contract Amount
Estimated FY2026 premium $6,948.00; proposed FY2027 premium $8,828.00 (approx. 27% increase)
Vendor
HUB INTERNATIONAL
Agency
City of Fairbank, IA
Contract Type
INSURANCE
Document Date
June 8, 2026
Contract Term
FY2026 and FY2027 workers' compensation coverage
Renewal Info
Renewal for FY2027 workers' compensation coverage was proposed but not approved; decision deferred to next meeting pending clarification of payroll figures and premium calculation.
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