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Risk Management awarded for best practices

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Risk Manager Lauren DeRidder was recently presented with the annual FERMA Risk Management Program Best Practices Award for recognition of excellent risk management practices. This distinction, presented by the Florida Educational Risk Management Association (FERMA), is based primarily on having the lowest workers’ compensation experience rating in the state. The experience modification rate is an industry measure of the number and amount of worker’s compensation claims.

Lake County Schools’ experience modification rate dropped from a 1.19 to 0.65. A modification rate of 1.0 is average and anything above that results in a surcharge of premiums and state assessments. Anything below 1.0 results in a credit.

An additional award will be presented to the district at the Florida School Boards Association’s Annual Joint Conference to be held in Tampa in November.

Congratulations to Ms. DeRidder and her team!