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Hopkinton Earns Insurance Premium Credits through MIIA Rewards Program

By contributor,
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Hopkinton has received $15,506 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), its insurance provider. Hopkinton 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 – resulting in a 16-year total of $32.7 million since the program’s inception.

Committed to keeping the community safer and fiscally stronger, Hopkinton 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.

Elaine Lazarus, Director of Land Use and Town Operations for the Town of Hopkinton said, “Hopkinton is committed to preparedness, safety, and risk management. As Hopkinton’s Vision Statement notes, the Town is a vibrant welcoming community that is endowed with open space, natural resources, facilities and programs that promote a well educated and healthy community. The Town is respectful of its past, engaged in its present, and actively preparing for its future.”

Stanley Corcoran, Executive Vice President of MIIA said, “Hopkinton has worked very hard over the past year to promote safety in the workplace and mitigate risk. As a result, they have helped lower their own insurance costs and earn these Rewards funds. We commend Hopkinton 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.