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Board hears workers’ compensation renewal; broker recommends staying with incumbent despite small increase
Summary
Staff presented workers’ compensation renewal offers and recommended remaining with the current carrier, Eastern Advantage, with a projected premium around $123,504 beginning Oct. 1, citing a modest cost difference and continuity of claims service.
Hancock County school staff presented competing renewal quotes for the district’s workers’ compensation policy and recommended continuing coverage with the incumbent carrier, Eastern Advantage, even though the district’s experience modifier rose from 0.99 to 1.11.
The unnamed insurance presenter told the board the district solicited 14 carriers; the…
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