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Insurance committee approves switch to LWCC for workers' compensation
Summary
The Insurance Committee of the Bossier Parish School Board voted to accept a recommendation to move its workers' compensation coverage to LWCC, citing a loyalty-dividend model that staff say will likely yield net savings after several years despite higher upfront premiums.
The Insurance Committee of the Bossier Parish School Board voted to accept a recommendation to switch the district’s workers’ compensation coverage from LUBA to LWCC, approving the change by a voice/hand-raise vote.
Committee members and staff framed the decision as a long-term cost strategy: LWCC’s dividend model requires higher premiums in the first two years but, according to the committee’s presenter, would likely return the board to break-even in year three and generate larger dividends in years four and five.
“We wouldn’t…
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