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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.
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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 |