Agenda Item #21
2013-2014 Excess Worker’s Compensation Additional Premium Payment
The Office of Risk Management procures an Excess Workers' Compensation policy to cover losses in excess of the District's self-insured retention of $500,000 per claim. During fiscal year 2013-14, the premium for this policy was $315,360 based on estimated wages to be paid to staff during the fiscal year subject to audit once all wages were actually paid. The audit was performed the middle of November 2014 resulting in an additional premium charge of $29,766.
Approve the request for the payment of additional Excess Workers' Compensation premium paid to Safety National in the amount of $29,766.
Consent w/o Information - 12/16/2014
Authority for Action
F.S. 440, Board Policy 8710
Involves Expenditure of Funds Directly in the Classroom
Source of Funding
Operating - Other
Mark Langdorf, Director, Office of Risk Management, Ext. 620 Judy Preston, Associate Superintendent of Financial Services, Ext. 600
Attachment: 2014-15 Excess Workers' Compensation Additional Premium Invoice.pdf