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Commissioners authorize insurance changes aimed at lower premiums, higher deductibles
Summary
The board approved insurance changes recommended by broker USI, increasing certain deductibles and adopting a county risk-management platform to pursue long-term premium reductions.
County insurers and the board’s broker, USI Insurance Services, presented options Monday and the commissioners authorized a change in deductibles intended to lower premium costs while increasing county retention.
USI representative Brent Webster recommended raising the county property deductible from $10,000 to $50,000 and increasing the commercial auto liability deductible from $2,500 to $25,000, citing historical claims data and estimated premium savings. Webster said the change on…
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