Board evaluates insurance proposals for LSU AgCenter and discusses risk management strategies

The St. Martin Parish School Board made significant strides in financial management during its recent meeting on March 12, 2025, focusing on insurance proposals and partnerships that promise to enhance operational efficiency without increasing costs.

One of the key decisions was the renewal of the existing agreement with the LSU AgCenter, which will continue to provide agricultural education support to the district. This extension comes at no additional cost, ensuring that students will maintain access to valuable resources without straining the budget.

In a detailed discussion on insurance, the board reviewed proposals from Brown and Brown with New York, LLC, covering general liability, flood, and auto insurance. The proposed renewal showed a decrease in property insurance costs, dropping from $1,001,001.67 last year to $996,931. This reduction reflects stable terms and no changes in deductibles, which is a positive outcome for the district's financial health.

The board also explored alternative insurance options, including a proposal from Travelers that could further reduce costs. By considering different deductible levels, the board aims to balance risk exposure with potential savings, with premiums dropping significantly if higher deductibles are accepted. This proactive approach to insurance management could lead to substantial savings for the district in the long run.

Additionally, discussions highlighted the need for improved driver safety training and policies to mitigate risks associated with school transportation. Board members expressed concerns about the frequency of accidents and the financial implications of insurance claims. Suggestions included implementing stricter consequences for unsafe driving and exploring outsourcing options for transportation services to alleviate financial burdens.

Overall, the meeting underscored the board's commitment to fiscal responsibility and enhancing educational support while addressing safety concerns. As these initiatives move forward, the St. Martin Parish community can expect continued improvements in school operations and resource management.