Tuesday, October 03, 2000

$4.5M saved on stadium


Self-insurance paid off, Hamilton County says

By Dan Klepal
The Cincinnati Enquirer

        Hamilton County saved $4.5 million by insuring itself against worker injuries and having few compensation claims during the construction of Paul Brown Stadium, the county personnel department says.

        The money was saved because companies bidding on contracts at the stadium did not have to pay insurance premiums, which are then passed on in the bid.

        That alone saved $7 million.

        The county paid $2.5 million in premiums, compensation and liability.

        During the 3.3 million hours worked at the stadium, there were just 20 cases where an employee was out of work for a week or more because of injury.

        Of the more than 650 injuries treated by the on-site nurse, more than 63 percent of those people returned to work that day — saving the county $43,785, records show.

       



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- $4.5M saved on stadium
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