Workers Comp Insurance will increase again this year for Picayune School District
Updated: Dec 16, 2019
During Tuesday’s Picayune School District regular board meeting, members received news that was rather shocking. Premiums for the District’s Workers Comp Insurance could reach such a level next year that Board President Frank Ford stated, “We are standing on the rim and looking down into the abyss”.
In 2018, 27 claims were made with 6 claims still open, creating $738,000 in losses.
An increase in workman’s comp claims has the Districts Experience Modification number at 165. This means that they will pay 65% above the normal rate which equals an additional $123,000 dollars annually over the standard premium.
Justin Ladner of BXS Insurance (subsidiary of BancorpSouth Bank), gave the board an update on their proposed rate for Worker’s Compensation insurance for the coming year. Ladner told the board the most common claims made to Workman’s Comp by District employees are slips, trips, and falls.
WRJW file photo
Ford requested additional employee training in areas seeing an increase in claims in hopes that some of these injuries could be avoided.
Board members felt that additional conversation was needed before a vote should be made and therefore tabled the issue until they meet again December 19th.
A decision by the board to accept the cost of the insurance premium will have to be made before the first of the year.