05-23-2017 School Board Meeting
Agenda Item #43


Title
The School board's Casualty Insurance Policy Renewal

Discussion
The Superintendent requests authority from the Board to bind the District's casualty insurance policies effective July 1, 2017, and not to exceed a limit of $658,194. The School Board's casualty insurance polices are set to expire June 30, 2017. We are currently negotiating new polices to replace the expiring policies, and anticipate negotiation for these policies will be completed after the June 13, 2017, Board meeting, which is the only meeting prior to the renewal date. The following policies are being negotiated: Public Liability Excess for General Liability, Auto Liability, and Workers' Compensation, Fidelity/Crime, Catastrophic Student Accident, and Cyber Liability. Once the policies are fully negotiated and bound, we will present the final pricing and terms including the deductibles to the Board. During the 2016-17 fiscal year, the total paid for casualty insurance was $633,194. We anticipate for the 2017-18 fiscal year renewal pricing will vary from a low of $633,194. to a high of $658,194.

Recommendation
To grant the Superintendent authority to bind the School Board's Casualty insurance policies once all pricing and terms are finalized.

Meeting Date(s)
Information - 5/23/2017
Consent after Information6/13/2017

Authority for Action
Board Policy 8710

Involves Expenditure of Funds Directly in the Classroom
No

Source of Funding
Operating - Other

FY
Amount
Budgeted
Fund
Cost Center
Project
Function
Object
Program
17-18UndeterminedYes10098550011647900323000
17-18UndeterminedYes10098550011647900324000
17-18UndeterminedYes10098550011647900324000

Contact
Mark Langdorf, Director, Office of Employee Benefits and Risk Management, ext 620 Dr. Carol Kindt, Deputy superintendent/Chief Human Resources Officer, ext. 200


Attachment:  Cost - Benefit Analysis Excess Workers Compensation 2017-2018.pdf
Attachment:  Cost-Benefit Analysis Public Liability and Excess Auto and General Liability.pdf