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

Annually, the District undergoes a comprehensive analysis of its current insurable property and personnel.  Our broker (Arthur J. Gallagher) obtains competitive quotes based on current insurance trends and needs for the next fiscal year.  The goal is to obtain the best coverage possible while maintaining a manageable budget for the coverage.  This year, the policy includes renewal for Property, General Liability, Auto Liability, School Leaders including Employment Practices Liability, Worker's Compensation, Crime, Cyber Risk, Boiler & Machinery, Storage Tank Liability, and Active Assailant Liability.

The overall cost is an 10% increase from the prior year's premium.  The increase is due to the rise in property values and payroll expenditures.

It is a standard operating 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 - $1,045,627

2018-2019  $1,095,983

2019-2020   $1,160,753

2020-2021   $1,229,394  

2021-2022   $1,346,792.

To approve the Superintendent's recommendation (Option #1) to renew the 2021-2022 Property & Casualty Insurance Program.

The district ensures fiscal responsibility and equitable distribution of resources.

To obtain the School Board's approval of the District's Property, Liability, and Active Assailant insurance renewal policies (Option #1) as presented.