Agenda Item #39
School Board's Casualty Insurance Policy Renewal
The School Board’s casualty insurance policies are set to expire on June 30, 2015. We are currently negotiating new policies to replace the expiring policies. We anticipate negotiations for these policies will be completed before the June 9, 2015 Board meeting, but pricing is unknown at this time. In addition to our regular policies for excess General Liability, Auto Liability, Workers’ Compensation, Fidelity/Crime, and Catastrophic Student Accident insurance, we are also getting quotes for a Cyber Liability policy. During the 2014-15 fiscal year, the total paid for casualty insurance was $577,910. We anticipate renewal pricing for the 2015-16 fiscal year will vary from a low of $595,875 to a high of $665,760. Once the policies are fully negotiated, we will bring final pricing and terms including deductibles to the Board for consideration.
To grant the Superintendent authority to bind the School Board’s Casualty insurance policies once all pricing and terms are finalized.
Information - 5/26/2015
Consent after Information6/9/2015
Authority for Action
Board Policy 8710
Involves Expenditure of Funds Directly in the Classroom
Source of Funding
Operating - Other
Mark Langdorf, Director of Risk Management, Ext. 620
Judy Preston, Associate Superintendent of Financial Services, Ext. 600
Attachment: 2015-16 Casualty Insurance Cost Projection.pdf