Agenda Item #43
The School board's Casualty Insurance Policy Renewal
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.
To grant the Superintendent authority to bind the School Board's Casualty insurance policies once all pricing and terms are finalized.
Information - 5/23/2017
Consent after Information6/13/2017
Authority for Action
Board Policy 8710
Involves Expenditure of Funds Directly in the Classroom
Source of Funding
Operating - Other
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