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Risk manager recommends moving workers' compensation coverage into joint school pool to save about $200,000 annually
Summary
Director of risk management proposed Adams 12 join a joint school district pool (JSD) for workers' compensation, citing similar retention levels, a comparable third-party adjuster and an estimated $200,000 annual savings; the recommendation is pending board and state approvals.
Adams 12’s director of risk management recommended the district switch its workers’ compensation insurance from its current carrier to a joint school district pool (JSD), telling the board on May 7 the move could save roughly $200,000 a year.
Radu, the district’s director of risk management, said the district currently retains a high deductible (about $500,000) and pays roughly $1.6 million per year for claims, adjusting and…
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