Workers%20Compensation%20Letter.pdf

Parent document: REVISED - Regular Meeting - Meeting #41-06-17-2024.pdf

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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