City of Libby AgendaPacket Regular Council Meeting #1703 2026-06-15
City Approves FY27 Workers’ Compensation with Montana State Fund
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Description
The City of Libby approved a workers' compensation policy with Montana State Fund for the coverage period July 1, 2026, to July 1, 2027, at a quoted total premium of $40,420.97. The policy covers all city employees, elected officials, volunteers, and volunteer firefighters. Coverage includes standard risks, regulatory assessments, and adheres to state requirements.
Contract Details
Contract Amount
$40,420.97
Vendor
MONTANA STATE FUND
Agency
Town of Libby, MN
Contract Type
INSURANCE
Document Date
June 15, 2026
Contract Term
July 1, 2026 – July 1, 2027
Renewal Date
2027-07-01
Renewal Info
Annual policy; renewal required in advance of each fiscal year. Premium based on estimated payroll; reconciled by annual audit/reporting. Dividends may be returned but are not guaranteed.
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