Agenda Plus
School Board of Clay County
June 1, 2017 - Regular School Board Meeting
Title
C15 - Approve the 2017-2018 District's Property/Casualty/Active Assailant Insurance renewal submitted by Arthur J. Gallagher & Co. (broker)
Description

Annual renewal of the District's Property/Casualty/Active Assailant Insurance policies.

Gap Analysis

Annually the District undergoes a comprehensive analysis of current insurable property and personnel.  Our broker (Arthur J. Gallagher) obtains competitive quotes based on current insurance trends and needs for the upcoming year.  The goal is to obtain the best coverage possible while maintaining a manageable budget for the coverage.  This year, the policy includes an increase to the cap of our Named Storm Coverage (from $16 million to $20 million, which is more in line with our needs) and the addition of Active Assailant coverage; while still benefiting from a premium decrease.

Previous Outcomes

It has been normal practice to negotiate and present insurance renewals for approval based on needs, trends, and financial availability.

  • 2015-2016 = $1,200,697
  • 2016-2017 = $1,040,615
  • 2017-2018 = $1,036,561
Expected Outcomes

To obtain the Superintendent's recommendation of the 2017-2018 insurance renewal policies as presented.

Strategic Plan Goal

The district ensures fiscal responsibility and equitable distribution of resources.

Recommendation

To obtain the School Board's approval, of the District's Property, Liability, and Active Assailant insurance policies, for plan year 2017-2018, as presented by Arthur Gallagher and Company .

Contact
Dr. Susan M. Legutko Assistant Superintendent for Business Affairs 284-6571 susan.legutko@myoneclay.net
Financial Impact
$1,036,561
Review Comments
Attachments
CCSB Insurance Program Renewal Cost Options 2017 final 5-17-17.pdf
figues for AJG Agenda item.pdf