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Dalton board approves insurance renewal, accepts higher deductible for lower premium
Summary
Trustees approved an insurance renewal package that reduces the villagepremium but raises the self-insured retention (deductible) to $500,000; broker Cliff Taylor recommended Option 2 as a cost savings measure.
The Village of Dalton voted Aug. 4 to approve an insurance renewal recommended by broker Cliff Taylor that reduces annual premium costs in exchange for a higher self-insured retention (SIR).
Taylor told trustees the renewal would lower the village's premium from a recent level near $2.1 million to roughly $1.5 million under the proposed Option 2, producing about $600,000 in annual premium savings. Option 2 increases the villageSIR to $500,000;…
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