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June 1, 2017 - Regular School Board Meeting | ||
Title C16 - Review & Approve the renewal of the District's third party adjusters, Johns Eastern Company | ||
Description Annual renewal of third party adjuster (TPA) for Workers Compensation and Liability for self-insured programs. | ||
Gap Analysis The District has a mandatory obligation to contract with a TPA to assist in the management of our self-insurance programs. JECO is a proven industry leader at providing expert claims adjusting and administration services. Their TPA services assist the District with workers' compensation claims, medical bill reviews, as well as major property and casualty claims. The District has utilized JECO's services since 2000. During this time their pricing has stayed competitive and we've benefited from no cost increases since 2015-2016. 2014-2015 220 Claims $85,098 2015-2016 220 Claims $87,651 2016-2017 220 Claims $87,651 2017-2018 239 Claims $97,257 2018-2019 239 Claims $97,257 2019-2020 239 Claims $102,535
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Previous Outcomes It has been normal practice to negotiate pricing with JECO and present three year amendment of original contract. This is our 11th extension with JECO. Pricing has stayed reasonable for the services provided and we've experienced low increases over the course of our agreement. | ||
Expected Outcomes The three year renewals is intended to provide the Clay County District Schools with the type claims management that is needed to maintain business as required by Florida laws & statutes, while minimizing the district's exposure to losses. | ||
Strategic Plan Goal The district ensures fiscal responsibility and equitable distribution of resources. | ||
Recommendation To obtain the School Board's approval and acceptance of the Superintendent's recommendation of Johns Eastern Company's, Addendum 11, 3-year Third Party Adjuster renewal.
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Contact Dr. Susan M. Legutko Assistant Superintendent for Business Affairs 284-6571 susan.legutko@myoneclay.net | ||
Financial Impact $297,049 (total of 3-year agreement) * Year 1 = $96,257 * Year 2 = $96,257 * Year 3 = $102,535 | ||
Review Comments | ||
Attachments Clay Schools Addendum11 (002).pdf |