TOWN SAVES TAXPAYERS $53,000: Wilmington Earns Insurance Premium Credits Through MIIA Rewards Program

WILMINGTON, MA — The Town of Wilmington has received a $52,798 credit to its workers compensation and property casualty insurance costs for Fiscal Year 2019 thanks to an incentive program offered by the Massachusetts Interlocal Insurance Association (MIIA), its insurance provider.

The Town 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 2018, which concluded on June 30, MIIA awarded over $3.5 million of premium credits collectively to its membership of the Rewards program, which has resulted in a 16-year total of $32.7 million dollars.

Committed to keeping the community safer and fiscally stronger, Wilmington implemented loss control 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.

“Due to the efforts of the Town’s safety committee, led by Jamie Magaldi, Operations Manager in DPW, and comprised of managers representing all Town and School departments, the Town remains committed to implementing and following best safety practices across the organization,” said Assistant Town Manager Denise Casey.

“Wilmington has worked very hard over the past year to promote safety in the workplace and mitigate risk,” said Stanley Corcoran, Executive Vice President of MIIA. “As a result, they have helped lower their own insurance costs and earn these Rewards funds.  We commend Wilmington for its efforts. We also look forward to continuing to work in partnership with local leaders to ensure employees are well trained and prepared, to help avoid unnecessary risks and losses, and to help save local 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.

(NOTE: The above press release is from the Town of Wilmington.)

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