Winchendon has received $8,304 back on its workers compensation and property casualty insurance costs – applicable toward premiums for the next fiscal year—thanks to an incentive program offered by the Massachusetts Interlocal Insurance Association (MIIA), the municipality’s insurance provider. Winchendon earned the credits through proactive and voluntary participation in loss prevention and risk management activities throughout the year, conducted in partnership with MIIA. In fiscal year 2017, which concluded on June 30, MIIA awarded over $2.5 million of premium credits collectively to its membership of the Rewards program – resulting in a 15-year total of nearly $28.5 million since the program’s inception.
Committed to keeping the community safer and fiscally stronger, Winchendon implemented risk management and safety measures as well as administrative procedures that reduce the risk of accidents and property damage. In addition, local employees participated in training programs that promote effective management and safe operations. MIIA offers these no-cost programs as a benefit to help member communities reduce their risks as well as insurance premiums.
Stanley Corcoran, Executive Vice President of MIIA said, “We commend Winchendon for engaging in promoting safety in the workplace and mitigating risk. It’s not always an easy task and takes hard work and dedication by the town/city administration and its employees. Their commitment to safety has helped the municipality lower its own insurance costs and earn these Rewards funds. We look forward to continuing to work in partnership with local leaders to ensure employees are well trained so that they can avoid unnecessary risks and losses, and help the town save valuable taxpayer dollars.”
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.