Sand Springs Municipal Authority AgendaPacket 2026-06-22
City Renews OMAG Workers’ Compensation Plan for FY27
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Description
Sand Springs intends to renew its Workers’ Compensation Plan with Oklahoma Municipal Assurance Group for FY27, covering the period July 1, 2026 through July 1, 2027, at a total premium of $498,976. The plan, backed by CompSource Mutual Insurance Company, represents a 3% premium decrease from the prior year.
Contract Details
Contract Amount
$498,976
Vendor
OKLAHOMA MUNICIPAL ASSURANCE GROUP
Agency
City of Sand Springs, OK
Contract Type
INSURANCE
Document Date
June 22, 2026
Contract Term
Policy Period 7/1/2026 – 7/1/2027 (FY27)
Renewal Date
2027-07-01
Renewal Info
Annual aggregate-deductible workers’ compensation program with OMAG and CompSource Mutual renewed for 7/1/2026–7/1/2027, with options to use escrow funds for premium. Future participation subject to annual council approval.
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