05-24-2016 Special School Board Meeting
Agenda Item #43


Title
The School Board's Casualty Insurance Policy Renewal

Discussion
The School Board's casualty insurance policies are set to expire on June 30, 2016. We are currently negotiating new policies to replace the expiring policies. We anticipate negotiations for these policies will be completed before the June 14, 2016 Board meeting, but pricing is unknown at this time. We are currently negotiating the following casualty policies: Excess General Liability, Auto Liability, Workers’ Compensation, Fidelity/Crime, Catastrophic Student Accident insurance, and Cyber Liability. During the 2015-16 fiscal year, the total paid for casualty insurance was $613,008. We anticipate for the 2016-17 fiscal year to renewal pricing will vary from a low of $613,008 to a high of $646,296. Once the policies are fully negotiated, we will bring the final pricing and terms including deductible to the Board for consideration.

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 - 5/24/2016
Consent after Information6/14/2016

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
16/17UndeterminedYes10098550011647900323000
16/17UndeterminedYes10098550011647900324000
16/17UndeterminedYes71398550010027760779000

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