Mayor Donna Holaday is pleased to announce that the city of Newburyport received $60,837 back on its workers compensation and property casualty insurance costs for fiscal year 2018.
The city earned the credits – which will be applied toward premiums for the next fiscal year – through proactive and voluntary participation in loss prevention and risk management activities that are part of incentive programs offered by the Massachusetts Interlocal Insurance Association (MIIA), the city’s insurance provider.
“The city’s hard work is clearly paying off after it received previous credits of $38,727 for fiscal year 2017 and $24,911 for fiscal year 2016,” Mayor Holaday said. “Being able to train our municipal employees on best practices for safety and risk management not only helps to inform and protect city workers, but helps to save money for the city.”
In order to keep the community safe and fiscally strong, Newburyport implemented risk management, safety measures and administrative procedures that minimize the risk of accidents and property damage. Additionally, local employees participated in training programs that promote effective management and safe operations. These no-cost programs are an added benefit from MIIA to help communities reduce their risks and insurance premiums.
In fiscal year 2018, MIIA awarded over $3.5 million of premium credits collectively to its membership, resulting in a 16-year total of nearly $33 million since the reward program’s inception.
MIIA is the non-profit insurance arm of the Massachusetts Municipal Association. It is a member-based organization focused on providing excellent service and quality risk management solutions to the state’s municipalities and related public entities. It insures almost 400 cities, towns and other public entities in the state of Massachusetts. For more information, visit www.emiia.org and www.mma.org.