|June 28, 2018 - Regular School Board Meeting|
D5 - Approve the 2018-2019 District's Property/Casualty/Active Assailant Insurance renewal submitted by Arthur J. Gallagher & Co. (broker)
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.
It is standand 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 for Option 1; $1,086,104.00 for Option 3
To approve the Superintendent's recommendation of Option 1 for the 2018-2019 Property & Casualty Insurance Program.
|Strategic Plan Goal|
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 as presented.
Dr. Susan M. Legutko, Assistant Superintendent for Business Affairs 284-6571 email@example.com
$1.095,983.00 for Option 1; $1,086,104.00 for Option 3; Both Options to be funded by Capital and General Funds.
Clay County School District Exec Summary 2018 FINAL 6.25jv.pdf
Clay County Schools Renewal Presentation 2018.pdf