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Insurance rep: experience modifier and claims raised premium; Prairie County premium reported at about $40,010
Summary
A presenter from Sites Insurance reviewed Prairie County's Montana State Fund workers' compensation renewal (07/01/2026'07/01/2027), explained coverage limits and payroll breakdowns, and said the county's experience modification factor is driving an increase to a premium around $40,009.83, partially driven by a large open claim.
Sites Insurance representatives reviewed Prairie County's upcoming Montana State Fund workers' compensation policy for the 07/01/2026'07/01/2027 period and explained key drivers of the renewal premium.
The presenter (Speaker 3) said employer liability limits under the policy reach $1,000,000 per accident and summarized the county payrolls and class codes used to price the account. He told the board the county's experience modification factor (the experience mod) is increasing the premium by roughly $15,000, contributing to an overall premium of about $40,009.83.
Speakers discussed specific claims that influenced the experience mod. The presenter noted one large open claim from 2024 with payouts up to about $193,000 that remains open and continues to affect the county's rate. The board asked whether the injured worker would return to work and agreed to have staff contact the claims adjuster and the ambulance supervisor for updates.
The insurance rep also described group dividend/retro arrangements that could produce refunds or discounts in later years if the county maintains favorable loss performance.
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