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Commissioners approve workers' compensation renewal with $126,813 premium
Summary
Jefferson County commissioners approved renewal of the county's workers' compensation policy, with a total premium recorded in the meeting transcript as $126,813; officials said the premium was down slightly from last year as the county's experience modifier improved.
County officials voted Feb. 5 to renew the county's workers' compensation policy and authorize signatures to finalize the coverage.
Rick (staff member) reviewed the renewal during department reports, walking commissioners through payroll totals, the county's experience modifier and credits. "Total premium is 126813," he said, and described a 0.94 experience modifier that yielded a roughly $10,000 credit and an additional 20% credit; the transcript records the final premium figure as 126,813. A commissioner moved to accept the coverage and the motion was seconded and approved by voice vote.
The staff explanation stated payroll had increased over the previous audit period and that the policy cost was modestly lower than last year because reported losses declined. The transcript includes numeric figures (payroll, credits and premium) as presented by staff; some payroll figures in the transcript are garbled in places and not fully clear. County staff asked for a signature to complete the renewal and no commissioner requested tabling or further information on the motion.
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