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Board renews workers' compensation insurance; staff reports improving loss-mod
Summary
Board approved workers' compensation coverage recommended by staff. The presenter said the district's loss-mod declined toward 1.4 from about 1.6 and projected continuing premium decreases.
Board members approved workers' compensation coverage after staff reviewed recent claims and loss-mod calculations and recommended the award to Iron Insurance and RAS. "We're at 1.6 something this year, and now we're dropping to 1.4 something," the staff member said, adding that the district's risk controls (telephonic nursing, health committee) helped reduce claims.
The Chair moved and the board seconded and approved the recommendation. Staff projected further reductions in the premium over the next one to two years if the current trends hold; no dissenting votes were recorded in the public discussion.
