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Hancock County schools move major insurance lines to new carriers to reduce premium
Summary
The Hancock County Board of Education approved a packet of insurance contracts that the district says will lower overall premiums by about $70,000 versus the expiring Liberty Mutual program. Coverage will be split across multiple carriers including Berkeley, Indian Harbor, Travelers and Beasley, effective June 30, 2025.
The Hancock County Board of Education voted to accept a set of insurance proposals the district recommended, shifting several lines away from the expiring Liberty Mutual program and spreading coverage across multiple carriers.
District insurance consultant Mr. Webb told the board the district could save roughly $70,000 compared with renewing all lines with Liberty Mutual. "On the premium comparison page, we're 5% less than expired. We're about $70,000 total better than Liberty Mutual on our normal thing," he said.
The district…
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