Document type | memo |
---|---|
Date | 2024-06-10 |
Source URL | https://go.boarddocs.com/wv/booneboe/Board.nsf/files/D65RLC6DC4C5/$file/Workers%20Compensation%20Letter.pdf |
Entity | boone_county_schools (Boone Co., WV) |
Entity URL | https://www.boonecountyboe.org/en-US |
Raw filename | Workers%20Compensation%20Letter.pdf |
Stored filename | 2024-06-10-4b8cfef761fbee8064006b2adf3f51f0-memo.txt |
Parent document: REVISED - Regular Meeting - Meeting #41-06-17-2024.pdf
www.FerrellandHill.com (304) 369.1141 phone (866) 949.4117 toll free aaa . 304) 369.4010 fax Ferrell QQHill = INSURANCE AGENCY tc aati ee Commercial « Personal « Life » Health Madison, WV 25130 June 10, 2024 Boone County Board of Education 69 Avenue B Madison, WV 25130 Re: 2024-2025 Workers Compensation Rene-val Thank you for choosing Ferrell & Hill Insurance and USI Insurance Services to be Boone County’s Board of Education’s workers compensation agent. We have worked together to market your policy to find the best fit workers compensation carrier. USI approached multiple carriers about quoting this year, but at this time none believed they would be competitive. One specific example is Travelers Insurance informing Dave Stacy that they would need to charge $400,000 to offer a quote. Encova has been a steady partner offering both competitive pricing and local risk control. Because of that long history Encova continues to offer relatively steady pricing despite some recent development of loss issues. The enclosed quote has a composite rate change of 17.15% in response to the losses. We are currently working together to produce an updated loss control plan to address the issues going forward. We continue to recommend Encova because of their long-standing partnership, local risk control, and pricing. If you have any questions or concerns, please let us know. /M/ Best Regards, ris Harker, CIC David Stacy Partner Senior Vice President Ferrell & Hill Insurance Agency, LLC USI Insurance Services, LLC Yours Truly, fale David L. Hill Partner Ferrell & Hill Insurance Agency, LLC