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Board approves workers' compensation renewal, cites $34,888 projected savings
Summary
The board approved a workers' compensation insurance renewal at a quoted premium of $240,122, representing an estimated $34,888 savings from the prior year; presenters credited a lower experience modification for the reduction.
At the board's meeting, Mr. Hilton presented the recommended workers' compensation insurance renewal for the coming year and recommended continuing with the incumbent carrier at a quoted premium of $240,122.
Mr. Hilton said the district's experience-modification factor improved from 1.57 to 1.15, a change he identified as a key driver of lower premiums. He contrasted the new quote with last year's premium and stated an estimated savings of $34,888 versus the 25-26 school year.
Board members asked questions; following discussion a motion to approve the renewal was made, seconded and approved by voice vote. The transcript records the board's approval by voice but does not supply a roll-call tally or formal vote breakdown.
The district staff noted the long-term trend of lower workers-compensation costs compared with decades earlier when premiums and experience modifiers were substantially higher. The board did not attach additional conditions to the renewal during the meeting.
