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June 30, 2020 School Board Meeting
Renew the School Board's Casualty Insurance Polices
Meeting Date(s)
Consent w/o Information - 06/30/2020
Consent Type
Without Information

The District’s casualty insurance policy negotiations are complete and the proposed rates for renewal of all casualty insurance policies is $601,963. This renewal overall is less than what was paid last year by -4.2% or $25,352. The reduction was mostly due to the district choosing to take a higher retention of risk for excess workers’ compensation claims. Details of the policies are as follows:


  1. Excess Public Entity Liability: This policy offered by Lloyds of London (Britt Insurance) covers the district for Excess General Liability (including sexual harassment and sexual abuse), Auto Liability, and Employee Benefits Liability up to $2,000,000 in coverage in excess of a $500,000 per claim self-insured retention. School Board Miscellaneous Liability Errors & Omissions, Employment Practice Liability, Individual with Disability and Education Act claims, and sexual harassment and sexual abuse claims up to $2,000,000 in coverage more than $250,000 per claim self-insured retention. Coverage for the Guardian Program covers the district for up to $1,000,000 per claim subject to a $500,000 per claim self-insured retention. This policy premium increased 6.4% or $14,000 from the previous year for a total of premium cost of $234,000.


  1. Excess Workers’ Compensation: This policy offered by Safety National covers the district for all Workers’ Compensation claims exceeding $850,000 in claim payments, which is an increase of $250,000 per claim from the previous year. The policy premium decreased -12% or $38,896 due to the district taking a much higher self-insured retention level. This policy was competed, and four carriers responded (Arch, Midwest Employers Casualty Company, Britt, and Safety National). Safety National offered the most competitive rate and terms, but they no longer offer a retention level of $600,000 per claim as we had with the expiring policy. Safety National offered a retention level of $750,000 per claim with a premium cost of $412,756, but due to the nature of workers’ compensation claim payments over time, the increase in premium of $49,201 to lower the retention level to $750,000 did not seem to be an appropriate use of funds. As a result, the district is choosing to increase the retention level to $850,000 per claim with a premium charge of $324,659.


  1. Crime: This policy offered by Hanover Insurance covers the district for all financial losses associated with employee theft of funds subject to a $25,000 per claim deductible. The policy premium has remained the same as last year's at $9,585. This is the third year of a three-year policy term with Hanover Insurance.


  1. Cyber Liability: This policy offered by Chubb Insurance covers the district subject to a $25,000 per claim deductible for privacy and network security, Electronic and Social and Print Media, cyber incident response, and Network Extortion up to a $1,000,000. The policy premium has increased $8 from the previous year for a total premium cost of $24,400.


  1. Catastrophic Student Accident: This policy offered by Zurich Insurance covers students that suffer an injury whose medical costs exceed $25,000 when the claims are associated with physical education classes, marching band, and Florida High School Athletic Association (FHSAA) practices and competitions. This policy is compliant with FHSAA requirements. The policy premium has decreased by -4.7% for a total premium cost of $9,319.










Excess Public Entity Liability

  • General Liability
  • Automobile Liability
  • Public Officials Liability (E&O)





Excess Workers’ Compensation





Crime Insurance





Cyber Liability





Catastrophic Student Accident





Total Program Cost






Grant the Superintendent authority to bind the School Board's Casualty insurance policies in the amount of $601,963.

Authority for Action
Board Policy 8710
Involves Expenditure of Funds Directly in the Classroom
Source of Funding

Operating - Other
Financial Impact
*FY Amount Budgeted Fund Cost Center Project Function Object Program
20/21 $234,000.00 YES 100 9855 001164 790 324


20/21 $324,659.00 YES 713 9855 001002 7790 780 000
20/21 $9,585.00 YES 100 9855 001164 7900 324 000
20/21 $24,400.00 YES 100 9855 001164 7900 322 000
20/21 $9,319.00 YES 100 9855 001164 7900 323 000

 *FY 19/10 (7/1/19-6/30/20)

Legal Counsel Review
Mark Langdorf, Director of Employee Benefits and Risk Management, ext.11620 Cindy A. Lesinski, Chief Financial Officer, ext. 11600 Mark W. Mullins, Ed.D, Superintendent

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