Grafton School District Board Meeting Staff Report May 2026
RAS Workers Compensation Coverage Renewed With 27% Increase
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Description
The Grafton School District is renewing its Workers Compensation insurance with RAS for 2026-27 at a premium of $97,842, reflecting a 27% increase tied to adverse claims experience. The policy includes a variable dividend provision of 15%.
Contract Details
Contract Amount
$97,842 (15% variable dividend potential)
Vendor
RAS
Agency
Grafton School District, WI
Contract Type
INSURANCE
Document Date
May 18, 2026
Contract Term
2026-27 policy year
Renewal Date
2027-07-01
Renewal Info
Annual workers compensation policy renewed for 2026-27 with a significant premium increase due to 2024-25 claims experience and a 15% variable dividend arrangement. Renewal will be reassessed for 2027-28 based on updated experience and market conditions.
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