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Lafayette Parish School System reviews liability, student accident, drone coverage; annual premium north of $5 million
Summary
At a school board insurance committee meeting, staff summarized the district's liability, student accident and aviation (drone) coverages, explained required surety and indemnity bonds, and reminded the board that liability/property insurance renews July 1; the district's annual premium exceeds $5 million and the current broker RFP dates to 2021.
Miss Early, a school system staff member, briefed the Lafayette Parish School System board insurance committee on the district's current insurance coverages, saying the district carries student accident insurance required by statute and a separate catastrophic layer for extreme events.
The presentation listed additional coverages: an aviation policy that insures one school-owned drone used in a robotics class; two bond types — a superintendent indemnity bond required by statute and surety bonds for check signers — and a suite of liability and property coverages. "The student accident insurance, we're required by statute to have a policy for our…
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