WEIRTON – Weirton’s board is choosing a new carrier for its workers’ compensation insurance coverage following a series of special meetings held Tuesday morning.
By a 4-1 vote, the board decided to award its workers’ compensation contract to Assured Partners with its program through Amtrust.
Councilor Flora Perrone voted alone against the decision, with Councilor Fred Marsh abstaining. City Councilor George Ash was not present.
Assured Partners was represented on Tuesday by Matt Provenzano, who offered an offer of around $ 107,000 for a million dollar policy.
Provenzano noted that there are only three companies offering municipal workers’ compensation policies in West Virginia.
“We are limited compared to our neighbors” said Provenzano.
He said he was contacted about the offer while on vacation and was able to prepare the proposal in about a day.
Assure America, offering coverage through Encova Insurance Co., has also made a proposal.
“They understand municipal affairs. They will keep costs low ”, Doug Velegol, agent for Assure America, explained.
The company, previously known as Brickstreet, has been the city’s workers’ compensation provider for several years. They offered a $ 1 million policy at $ 176,000.
Velegol said he had to contact the city manager’s office for information because he had not seen an advertisement for the offer.
City attorney Vince Gurrera said municipal workers’ compensation policies are still state regulated as to what they can offer, offering a “apples for apples” comparison on the cover.
“It depends on who you are comfortable with” he said.
Marsh said his abstention in the vote was the result of not having enough financial information about the two companies to know what they are capable of covering. Perrone said her vote against the resolution was attributed to what she saw as a lack of time to fully consider the proposals.
The special council meeting followed a special meeting of the city’s finance committee, where the two insurance representatives presented their information.
Members of the Finance Committee elected to send the resolution to council without a recommendation.
“We thought it was better to send it to the board without a recommendation and let the board make the decision” Marsh, who chairs the finance committee, said.
(Howell can be reached at [email protected], and followed via Twitter @CHowellWDT)