Local governments and entities save taxpayer money on insurance premiums by focusing on risk management

Press Release: August 26, 2013

Local governments and entities save taxpayer money on insurance premiums by focusing on risk management – VML Insurance Programs highlights those receiving 5 percent credit on insurance premiums

Richmond, VA – 92 member entities of VML Insurance Programs (VMLIP) have saved more than $1.1 million through insurance premium credits by focusing on risk management and increasing safety for citizens and staff in their communities.

VMLIP, which provides automobile, property, liability and workers’ compensation coverage for Virginia governmental entities, provides the premium credit to members who score 100 percent on the Risk Management Guidelines (RMG) assessment. The RMG reviews members’ risk management initiatives, claims management, fleet safety, self-inspections, training attendance, safety awareness, and more.

Members scoring 100 percent on the RMG receive a 5 percent credit on their premium.

“Our goal is not just to provide insurance coverage to our members, but to also help them create safer communities in which to live, work and learn,” said Steve Craig, managing director of VMLIP.  “We provide members with free training and a variety of safety resources to help them develop their risk management programs, and the premium credit is just one way we incentivize them to strengthen those programs.”

Strengthened risk management programs are a win-win for localities – resulting in safer communities, fewer injuries and, for this year’s recipients, lower insurance premiums.

“Our members are still working with decreased budgets, and we know that offering a credit such as this is one way to help them save in the area of insurance premiums,” said Craig.

Localities/entities receiving the credit this year are listed below:

  • Albemarle County Service Authority
  • Alexandria Transit Company
  • Augusta County Service Authority
  • Blacksburg VPI Sanitation Authority
  • Central Rappahannock Regional Library
  • Chesapeake City Schools
  • City of Bristol
  • City of Covington
  • City of Emporia
  • City of Fredericksburg
  • City of Harrisonburg
  • City of Lynchburg
  • City of Manassas
  • City of Petersburg
  • City of Radford
  • City of Staunton
  • City of Suffolk
  • City of Williamsburg
  • Colonial Behavioral Health
  • Colonial Group Home Commission
  • Culpeper County
  • Danville City Schools
  • Gloucester County Schools
  • Hampton Roads Regional Jail Authority
  • Handley Regional Library
  • Hanover County
  • Harrisonburg Rockingham Emergency Communications Center
  • Harrisonburg Rockingham Regional Sewer Authority
  • Hopewell Redevelopment & Housing Authority
  • Lonesome Pine Regional Library
  • Loudoun County Sanitation Authority
  • Martinsville City Schools
  • Middle Peninsula Juvenile Detention Commission
  • Montgomery Regional Solid Waste Authority
  • Nelson County Service Authority
  • New River Resource Authority
  • Newport News IDA/EDA
  • Northern Neck Regional Jail Authority
  • NRV Regional Water Authority
  • Pamunkey Regional Library
  • Piedmont Regional Jail
  • Poquoson City Schools
  • Prince George County Schools
  • Prince William County Schools
  • Prince William County Service Authority
  • Rappahannock Area Community Services Board
  • Richmond Ambulance Authority
  • Richmond Behavioral Health Authority
  • Richmond Metropolitan Authority
  • Roanoke Valley Resource Authority
  • Rockbridge Area Community Services Board
  • South Central Wastewater Authority
  • Southeastern Public Service Authority
  • Southwestern VA Transit Management Company
  • Spotsylvania County Schools
  • Suffolk City Schools
  • Sussex Service Authority
  • The Governor’s School at Innovation Park
  • Town of Altavista
  • Town of Ashland
  • Town of Blackstone
  • Town of Broadway
  • Town of Brookneal
  • Town of Chase City
  • Town of Chilhowie
  • Town of Clifton Forge
  • Town of Colonial Beach
  • Town of Gate City
  • Town of Gretna
  • Town of Grottoes
  • Town of Halifax
  • Town of Herndon
  • Town of Hillsville
  • Town of Louisa
  • Town of Luray
  • Town of Marion
  • Town of Middleburg
  • Town of Mount Jackson
  • Town of Pembroke
  • Town of Smithfield
  • Town of South Hill
  • Town of Stanley
  • Town of Vienna
  • Town of Woodstock
  • Town of Wytheville
  • Transportation District Commission of Hampton Roads
  • Upper Occoquan Service Authority
  • Valley Community Services Board
  • Virginia Beach City Schools
  • Western Virginia Water Authority
  • Wythe-Grayson Regional Library
  • York County
  • York County Schools

VML Insurance Programs provides automobile, property, liability and workers’ compensation coverage to more than 460 local political subdivisions across Virginia.  For 30 years VML Insurance Programs has provided pool members with superior financial stability and effective risk management services.  For more information visit: www.vmlins.org or follow VMLIP at: www.facebook.com/vmlip.

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About VML Insurance Programs

Director of Communications, VML Insurance Programs
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