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Letter%20from%20Ferrell%20and%20Hill%202026.pdf

Document typememo
Date2025-05-27
Source URLhttps://go.boarddocs.com/wv/booneboe/Board.nsf/files/DH4LNH57238F/$file/Letter%20from%20Ferrell%20and%20Hill%202026.pdf
Entityboone_county_schools (Boone Co., WV)
Entity URLhttps://www.boonecountyboe.org/en-US
Raw filenameLetter%20from%20Ferrell%20and%20Hill%202026.pdf
Stored filename2025-05-27-776e0e01f5f12ea4e555d69fa46436df-memo.txt

Parent document: REVISED (Removed 6.12 CIS and 6.16 Prof. Dev. - Regular Meeting - Meeting #34-06-02-2025.pdf

Text

Ferrell QHill

INSURANCE AGENCY tc

Commercial « Personal « Life » Health

www.FerrellandHill.com

(304) 369.1111 phone
(866) 949.4117 tol free
(304) 369.4010 tex

492 Main Street
PRO. Box 277
Madison, WV 25130

May 27, 2025

Boone County Board of Education
69 Avenue B
Madison, WV 25130

Re: 2025-2026 Workers Compensation Renewal

Thank you for continuing to choose Ferrell & Hill Insurance and USI Insurance Services to
be Boone County Board of Education’s workers compensation agent. We have worked
together to market your policy to find the best fit workers compensation carrier. US|
approached Travelers and Work Partners about quoting this year. But at this time neither
quoted because they believed their pricing would not be competitive when compared to
what Encova has offered.

Good news this year is that your losses have improved greatly when compared to previous
years. The current year has seen a total of $26,387.32 in losses compared to the 23-24
policy period having $320,799.94 in losses. The hope is that this trend continues, which will
in turn help to lower pricing going forward. But at this time pricing is up slightly with an
increase of 6.75%.

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 me know.

ifjcerely yy “1D

Chris Parker, CIC Vp) Stac

Partner Senior Vice President
Ferrell & Hill Insurance Agency, LLC USI Insurance Services, LLC
Yours Truly,

Partner