Foxborough Earns $24,417 in Premium Credits

Foxborough received $24,417 back on its workers compensation and property casualty insurance costs.

Foxborough earned the credits through participation in loss prevention and risk management activities that are part of incentive programs offered by the Massachusetts Interlocal Insurance Association (MIIA), the town’s insurance provider.

The insurance credits are earned through proactive and voluntary participation in MIIA-sponsored activities over the course of the year. The municipality implemented loss control measures reducing the risk of accidents and property damage, as well as administrative procedures and training programs that increase productivity and improve effective management and operations. According to their release, MIIA offers these no cost training and educational courses as a membership benefit to help members reduce their risks and insurance premiums. In fiscal year 2011, MIIA awarded over $2.4 million of premium credit collectively to the membership through its Rewards program.

“The Town of Foxborough will remain vigilant in looking for ways to save the taxpayer as much money as possible,” commented Kevin Paicos, Town Manager for Foxborough in the release. “During these tough economic times we need to be creative and innovative in our approach. I was pleased to learn Foxborough would be saving $24,417 by being proactive in this matter.”

Foxborough holds safety committee meetings and employees attended programs to enhance safety in the workplace and mitigate risk of injuries. 

Foxborough also participates in the “OccHealth Connect” program, which facilitates employees connecting to medical specialists in work-related cases. Allowing the employee to return to work quicker and puts a tighter managerial control on the Town’s workers compensation budget.

Paicos added, “Several of the MIIA training programs were offered as webinars over computers, which enabled employees to learn from the convenience of their offices without incurring travel time and loss of performance.”