Brick Township’s property and liability insurance premium is down this year, the first time the township has put insurance services out to bid, said Mayor John Ducey.
The township council on Monday night awarded a three-year contract to Conner Strong & Buckelew to provide joint insurance services to the municipal government. The annual premium of $1,891,944 represents a decrease after township officials put new programs into place to increase safety in the workplace and reduce the number of worker’s compensation claims filed.
Last year, the township able to reduce overall premiums and workers compensation premiums by $127,500 and $104,400, respectively, Ducey said.
Conner Strong & Buckelew had previous provided insurance services to the township, however a long-standing agreement was generally renewed annually without being put out to bid, said Ducey. The company will continue to work with township employees to improve safety programs and reduce costs.
“There is no broker or middle man involved, and the agency works directly with township staff,” Ducey said.