Agenda Item #7
Renew the Board's Casualty Insurance Policies
The actual rate for the district's casualty insurance policies will be presented as soon as negotiations with the insurance carriers are completed. The total premium charge for policies commencing on July 1, 2011 was $595,186. We anticipate renewal for these policies will range between $584,000 to $635,500. We anticipate that the casualty realted policies will require the district to carry similar deductible terms as last year.
To grant the Superintendent authority to bind the School Board's casualty insurance policies in an amount not to exceed $635,500. on or before July 1, 2012.
Information - 6/12/2012
Consent after Information6/28/2012
Authority for Action
Board Policy 8710, DOE Rule 6A-1.012(15)
Involves Expenditure of Funds Directly in the Classroom
Source of Funding
Operating - Other
Mark D. Langdorf, Director, Office of Risk Management, Ext. 620
Judy Preston, Associate Superintendent of Financial Services, Ext. 600
Attachment: 2012-13 Casualty Insurance Cost Projection.pdf