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File #: 17-2441   
Type: Staff Briefing - Without Ordinance
In control: Early Childhood Education Municipal Development Corporation Board of Directors
On agenda: 4/18/2017
Posting Language: Possible Board action to approve the purchase of insurance coverage from Markel American Insurance Group for Pre-K 4 SA Property, Casualty, Director and Officers insurance for a total annual premium of $150,000 [Sarah Baray, Ph.D., Pre-K 4 SA CEO]
Indexes: Pre-K 4 SA
Attachments: 1. Insurance Presentation
Date Ver.Action ByActionResultAction DetailsMeeting DetailsVideo
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DEPARTMENT: Pre-K 4 SA


DEPARTMENT HEAD: Sarah Baray, Ph.D.


COUNCIL DISTRICTS IMPACTED: Citywide


SUBJECT:

Program Insurance


SUMMARY:

This item requests Board approval of insurance coverage from Markel American Insurance Company for Pre-K 4 SA Property, Casualty, Director and Officers insurance.


BACKGROUND INFORMATION:

The Memorandum of Understanding (MOU) that Pre-K 4 SA maintains with the seven participating independent school districts (ISD) requires that Pre-K 4 SA uphold a third party insurance policy to cover the following areas.
* Worker's Compensation (provided by the City of San Antonio)
* Errors and Omissions
* Directors' and Officers' Liability
* Commercial General Liability
* Abuse & Molestation Liability
* Automobile Liability (Hired & Non Owned Only)
* Program Consultants
* Excess Umbrella Liability
* Student Accident Insurance



ISSUE:

Pre-K 4 SA must ensure that insurance coverage remains in effect for the four Education Centers, without lapse. In April 2017, Pre-K 4 SA insurance brokerage company McGriff, Seibels, and Williams provided staff with a quote for required types of insurance coverage outlined in the Pre-K 4 SA MOU for the four Education Centers. The total annual premium is approximately $150,000.


ALTERNATIVES:

Pre-K 4 SA is required by the MOU with participating ISDs to maintain insurance coverage in the following areas.
* Worker's Compensation (provided by the City of San Antonio)
* Errors and Omissions
* Directors' and Officers' Liability
* Commercial General Liability
* Abuse & Molestation Liability
* Automobile Liability (Hired & Non Owned Only)
* Program Consultants
* Excess Umbrella Liability
* Student Accident Insurance

FISCAL IMPACT:

Funds for insurance coverage are budgeted and available in the FY 2018 Pre-K 4 SA Operating Fund contingent upon approval by the Board of Directors.


RECOMMENDATION:

Staff recommends the Board approve the purchase of required insurance from the recommended company, Marke...

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