Agenda Item #17
The School Board's Casualty Insurance Policy Renewal
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.
To grant the Superintendent authority to bind the School Board's Casualty insurance policies in the amount of $627,446.00.
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
Attachment: 2017-18 Ins. Policies - Casualty Ins. Proposal Results.pdf