City of Watertown City Council Agenda January 5 2026
Workers Comp Insurance Renewed for 2026
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Description
City of Watertown approved renewal of its Workers Compensation Insurance with SDML Workers' Compensation Fund for 2026, with a premium of $495,610. Insurance Benefits, Inc. serves as fund administrator for this annual coverage.
Contract Details
Contract Amount
$495,610
Vendor
SDML WORKERS' COMPENSATION FUND
Agency
City of Watertown, SD
Contract Type
INSURANCE
Document Date
January 5, 2026
Contract Term
January 1, 2026 – January 1, 2027
Renewal Date
2027-01-01
Renewal Info
Annual policy; renewal effective 1/1/2026 to 1/1/2027. Policy is renewed annually subject to updated payroll and claims experience.
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