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The Grant County Fiscal Court received a check for $10,397 from the Kentucky Association of Counties.
The check represents a dividend payment to the County from the KACo Workers Compensation Fund, which provides workers compensation insurance coverage to county governments and other political subdivisions across Kentucky. KACo insures 113 of Kentucky’s 120 counties through the Workers Compensation Fund.
Grant County also received, in 2010, a dividend payment of $21,196 from the KACo All Lines Fund (KALF) which provides property and liability insurance. Since 2010, as a member of the KACo insurance programs, the Grant County Fiscal Court has received $31,593 in dividend payments.
“The dividend is possible because county governments in Kentucky are working together through KACo to effectively manage their insurance programs,” said Mark Miller, director of insurance for KACo. “By working together fiscal courts are able to lower premium payments and save taxpayers money.”