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 for Pre-K 4 SA from The Hartford, Liberty Mutual, and Chubb.
BACKGROUND INFORMATION:
The Memorandum of Understanding (MOU) that Pre-K 4 SA maintains with the eight 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. Since 2013, Pre-K 4 SA has had all insurance needs covered by Markel American Insurance Company. In May 2018, the Board approved for Pre-K 4 SA to purchase insurance from Markel American Insurance Company through 2021. During the insurance renewal process for the 2018-19 school year, Pre-K 4 SA's insurance broker, McGriff, Seibels and Williams, Inc. was able to negotiate more favorable coverage with a combination of insurance providers listed below.
* The Hartford will provide coverage for Property insurance including Buildings, and Personal Property. The annual premium is quoted at $52,337.
* Liberty Mutual will provide liability coverage including General Liability, Auto, Umbrella, and Director's and Officers' Liability. The annual premium is quoted at $49,637.
* Liberty Mutual will cover risk management service/risk control services with Risk Control Service Fees of $5,000.
* Chubb and Son will provide coverage for Student Accident coverage. The annual premium is $7,685.
The total annual premium is $114,659.
ALTERNATIVES:
Pr...
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