06-13-2017 School Board Meeting
Agenda Item #17


Title
The School Board's Casualty Insurance Policy Renewal

Discussion
The district’s casualty insurance policy negotiations are complete and the proposed rates for renewal of all casualty insurance policies is $627,446.  This renewal rate is $5,748 lower than the previous years cost of $633,194.  These policies cover the district for excess Workers’ Compensation, Excess General Liability, Excess Auto Liability, Error’s and Omission (including sexual harassment and abuse), Fidelity/Crime (employee theft of financial securities), Cyber liability, and Catastrophic Student Accident insurance as required by the Florida High School Athletic Association.  The pricing and terms for each of the areas of exposure can be found in the attachment.   


Recommendation
To grant the Superintendent authority to bind the School Board's Casualty insurance policies in the amount of $627,446.00.

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
17-18$247,778.00YES10098550011647900323000
17-18$10,364.00YES10098550011647900324000
17-18$369,304.00YES10098550011647900324000

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
Attachment:  2017-18 Ins. Policies - Casualty Ins. Proposal Results.pdf