Annual renewal of the District's Property and Casualty insurance policies.

On an annual basis the District's broker, Arthur J. Gallagher & Co., comprehensively analyzes the District's current Property and Casualty insurance policies by obtaining quotes based on current insurance trends and needs for the next fiscal year.  The goal is to obtain a comprehensive and cost-effective risk management program within the District's current budget constraints.  As in the past, the policies include renewal for Property, General Liability, Auto Liability, School Leaders, Employment Practices Liability, Workers' Compensation, Crime, Cyber Risk, Boiler & Machinery, Storage Tank Liability, and Active Assailant Liability.

The cost of the 2026-27 renewal is $2,096,472 which is an estimated decrease of $50,538 or -2.35 percent from the 2025-26 Property and Casualty insurance policies totaling $2,147,010.  As the competiitive quote process will continue through June 30 and the market conditions could provide better quotes, the District's cost savings could potentially be greater that the estimated $50,538.

It is a standard operating practice to negotiate and renew a comprehensive and cost-effective risk management insurnace program that is within the District's current budgetary constraints.  The 2025-26 Property and Casualty insurance policies totaled $2,147,010.

To approve the Superintendent's recommendation to renew the 2026-27 Property & Casualty insurance policies totaling $2,096,472, which represents an estimated decrease of $50,538 (or a greater cost savings as we approach June 30) or -2.35 percent in comparison to the prior year cost of $2,147,010 for the District's Property and Casualty insurance policies.

Goal 5:  Strategy 2:  Ensure fiscal responsibility through the effective management of district operations in an effort to maximize available resources necessary to provide an environment that is safe, efficient, and conducive to learning.  Promote fiscal transparency and communication.

To obtain approval of the Superintendent's recommendation of the District's Property and Casualty insurance policies as presented.