Kevin Sweet, Town Administrator
195 Main St.
Maynard, MA 01754
For Immediate Release
Wednesday, July 9, 2014
Contact: John Guilfoil
Email: [email protected]
Maynard Earns Insurance Premium Credits through MIIA Rewards Program
More than $14,000 in Reduced Insurance Costs
MAYNARD — The Town of Maynard has received $14,402 back on its workers compensation and property casualty insurance costs. The town 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), its insurance provider.
MIIA offers these no-cost training and educational courses as a benefit to help its members reduce their risks and insurance premiums. In fiscal year 2014, MIIA awarded over $2.3 million of premium credits collectively to the membership through its Rewards program resulting in a 12-year total of $22.1 million.
“This is a double win for the Town of Maynard. Not only do we save money, but the loss control and administrative training we received, for free, through MIIA will save the town more money and headaches down the line,” said Town Administrator Kevin Sweet.
Committed to keeping the community safer and fiscally stronger, Maynard implemented loss control measures and administrative procedures that reduce the risk of accidents and property damage. In addition, employees participated in training programs that promote effective management and operations.
“MIIA is pleased to partner with our members to help establish effective and cost-saving best practices, and to reward them each year for implementing such innovative loss control programs,” Stanley Corcoran, Executive Vice President of MIIA said. “Congratulations to Maynard for working proactively to mitigate risk, lower potential municipal liability, and reduce municipal taxpayer burden.”
The Massachusetts Interlocal Insurance Association (MIIA) is the non-profit insurance arm of the Massachusetts Municipal Association. As a member-based organization, MIIA’s only focus is to provide excellent service and quality risk management solutions to Massachusetts municipalities and related public entities. Municipal insurance its only business, MIIA insures nearly 400 cities, towns, and other public entities in Massachusetts. For more information, visit www.emiia.org and www.mma.org.