A Resolution authorizing and directing the Mayor, on behalf of the Urban County Government, to execute an amendment to an Agreement with Risk Management Services Co. for third party administrator for claims management services and claims adjustment handling services for workers’ compensation, auto liability and physical damage, general liability, and property claims, to authorize additional one-year extensions at the current Contract pricing, at a cost estimated not to exceed $419,600 plus 20% of subrogation in FY 2027. [Dept. of Law, Barberie]

This resolution authorizes an amendment to the agreement with Risk Management Services Company (RMSC) for third-party claims administration. The amendment allows for additional one-year extensions of the contract at current pricing. RMSC handles claims for workers' compensation, auto liability and physical damage, general liability, and property claims for the Urban County Government.

Financial Details:

• The estimated cost for FY 2027 is not to exceed $419,600, plus 20% of subrogation.
• Funds are budgeted in account #6021-160906-71299, subject to FY2027 budget approval.

Contract Details:

• The original agreement was entered into in June 2021.
• The amendment allows for the agreement to automatically renew for up to two additional one-year terms at the same contract pricing.
• The total annual claim fee breakdown is: Workers Compensation ($135,900), Auto Liability ($151,100), Auto Physical Damage ($29,200), Property Damage ($19,400), and Claims Management Services ($84,000).