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Agenda Plus
School Board of Clay County
June 25, 2020 Regular School Board Meeting
Title
C19 - Approve the 2020-2021 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 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 11% increase from the prior year's premium.  The increase is due to the rise in property values and payroll expenditures.

Previous Outcomes

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   $1,238,455   (proposed - recommend option #1)

Expected Outcomes

To approve the Superintendent's recommendation (Option #1) to renew the 2020-2021 Property & Casualty Insurance Program.

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 renewal policies as presented.

Contact
Dr. Susan M. Legutko, Assistant Superintendent for Business Affairs 284-6571 susan.legutko@myoneclay.net
Financial Impact
$1,238,455 funded by Self Insurance Program
Review Comments
Attachments
Core360 PPT_Program Structure_FINAL.pdf
Clay County District Schools Property Casualty Premium Summary 2020xlsx.pdf