The Jefferson City Council recently approved renewing its insurance policy.

The annual item was approved at the March 26th Council meeting for the property, liability and workers compensation rates. City Administrator Scott Peterson says there were some minor adjustments to the coverages overall, but what the Council approved actually lowers the premium costs to the city, from $107,380 to $103,294.

“And really highly unexpected because we had expected really a significant increase. You hear all of these horror stories out there about the insurance market and everybody’s premiums going up. And we had anticipated that, but it’s not going to be. So we’re very happy about that.”

Peterson points out that the continued decline of workers compensation claims is one of the major reasons for the city to not have increased insurance premium costs.

“The claims go down because the employees are working safely and I just want to acknowledge the employees out of that. Specifically, I do want to point out (Public Works Director) Dave Morlan and Dave’s commitment to safety and the public works side of things. And Dave has been coordinating new safety programs and we have a new safety contractor who comes in and does from routine training and helps us with our programs. Just kudos to Dave on that.”    

The insurance policy officially renews on April 1st.