The New Jersey Schools Insurance Group (NJSIG) awarded the North Hunterdon-Voorhees Regional High School District Board of Education its 2015 Safety Award. The district is one of 39 districts to receive this award of distinction from over 400 districts in NJSIG’s workers’ compensation insurance pool. Recipients of the award are selected based upon two criteria.
First is the effort the North Hunterdon-Voorhees Regional High School District put forth as measured by the New Jersey Schools Insurance Group’s Safety Assessment. The second criteria is the result achieved as measured by the workers’ compensation loss ratio, which is loss dollars divided by premium dollars.
The 2015 recipients were recognized for implementing an effective safety program in their districts. This minimized their workers’ compensation costs. The ultimate benefit is to the taxpayers and students. The students will have fewer substitute employees so the continuity of their education is maintained at the highest level. The taxpayers will realize a savings, as the school district pays out lower insurance premiums.
The New Jersey Schools Insurance Group, located in Burlington, New Jersey, is a non-profit entity, which provides property and casualty insurance at reduced costs to public schools in New Jersey. It is the only statewide insurance pool for property, casualty, and workers’ compensation in New Jersey.