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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
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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, Markel American Insurance Company, for Property, Casualty, Directors and Officers Insurance for the North, South, East and West Education Centers with a total premium of approximately $150,000; the City of San Antonio provides coverage meeting the Workers' Compensation requirement.