Boston, MA – Liberty Mutual Insurance’s Northwest Business Insurance operation recently announced an overall retrospective rating adjustment and savings of $858,000 for businesses participating in its Oregon Restaurant and Lodging Association (ORLA) group workers compensation insurance program.
The rating adjustment reflects the group’s strong collective safety performance for the policy year ending December 31, 2014, and accounts for premium adjustments, tax savings, and non-disabling medical reimbursements. The total savings under the plan is nearly 15% of the group retro premium.
“As we celebrate more than 30 years in partnership with Liberty Mutual Insurance, we’re proud to have saved our workers compensation group program members another $858,000 adding to the more than $100 million in insurance cost savings since the program’s inception,” said Jason Brandt, ORLA President and Chief Executive Officer.
“Liberty Mutual provides ORLA members access to industry-specific risk control services, claims management experts and return to work specialists to help participants maintain a safe work environment and achieve successful workplace injury outcomes,” noted Denise Moore, Liberty Mutual Insurance Territory Manager, Northwest region.
Source: Liberty Mutual