Agenda Item
Meeting Date: 6/12/2019 - 7:00 PM
Category: Consent Agenda 2
Type: Action
Subject: Approval of Liability Insurance with CLIC
Vision 2022:
Policy: 4.100 - Risk Management
Background: The district is a member of the Collective Liability Insurance Cooperative (CLIC) which is made up of approximately 177 school districts. The cooperative offers a comprehensive insurance package which includes property, excess property, general liability, excess liability, auto liability and physical damage, EDP, crime, as well as school board legal liability. The pool also covers student accident, boiler and machinery, pollution coverage, identity theft coverage and a supplementary fiduciary liability coverage.

In June 2018, the Board of Education approved the insurance renewal with CLIC in the amount of $628,554. The policy term was for the period of July 1, 2018 to June 30, 2019.
File Attachment:
Summary: The current renewal quote from CLIC is $581,107. This represents a 7.5% decrease over the expiring policy year. The decrease is due in part to a reduction in our loss ratio as a large claim year has fallen off the five year experience used to calculate the ratio. This renewal would be effective July 1, 2019-June 30, 2020.
Funding: 2019-2020 Education Fund Budget
Recommendation: It is recommended that the Board of Education approve the renewal with CLIC in the amount of $581,107 for the term of July 1, 2019 to June 30, 2020.
Approvals:
Recommended By:
Signed By:
Bill Farley - Assist. Superintendent
Signed By:
Jeff Schuler - Superintendent
Vote Results:

Original Motion
Member Susan Booton Moved, Member Ginna Ericksen seconded to approve the Original motion 'It is recommended that the Board of Education approve the renewal with CLIC in the amount of $581,107 for the term of July 1, 2019 to June 30, 2020.'. Upon a Roll-Call Vote being taken, the vote was: Aye: 5 Nay: 0 Abstain: 1.
The motion Carried 5 - 0
   
Brad Paulsen     Yes
Jim Mathieson     Abstain
Rob Hanlon     Yes
Ginna Ericksen     Yes
Susan Booton     Yes
Dave Long     Yes