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Board approves new property and casualty agent with guaranteed dividend baseline
Summary
The board approved switching property and casualty insurance to Vyzeance; presenter Nick Baloney explained a revised workers' compensation dividend structure that guarantees a baseline budgetable return and incentives to reduce claims.
The Wilmot UHS School District board voted to change its property and casualty insurance agent to Vyzeance for the 2025–26 school year after a presentation from local risk manager Nick Baloney.
Baloney outlined the proposed workers’ compensation structure, which replaces the district’s previous variable dividend slider with a mix of a flat guaranteed dividend and a variable component. He said the change was designed to provide the district with a predictable budget credit—based on current payrolls the plan guarantees at least $11,639 back to the district—and still provide upside for superior safety performance.
Baloney recommended the district adopt a flat‑plus‑variable approach rather than relying purely on a large slider dividend, which he characterized as “playing the betting game” that could be volatile depending on loss ratios. The district’s administration said the move also aligns with internal work on risk management: the grounds director recently completed a certified risk‑management certificate and team members will produce a risk‑management manual.
During the meeting the board moved and seconded the recommendation and the motion carried on a vocal vote (no roll‑call recorded in the minutes). No board member recorded an opposition during the public vocal vote.
The board also discussed next steps for risk management, including the district’s goal of reducing claims through training and updated procedures; staff said they would implement a risk‑management manual and safety practices tied to the insurance program to maximize the dividend return.
Documents shown at the meeting summarized premium ranges and projected savings, but the formal contract and full policy exhibits remain administrative records; the board approved the agency selection and coverage approach as presented.
