Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Insurance broker recommends higher self-insured retention to cut premiums
Summary
Risk consultant Doug Rogers recommended the board accept a $300,000 self-insured retention option for the district's liability package, saying the upfront premium savings nearly offset the additional exposure; the committee voted to recommend approval to the board with one member opposed.
Doug Rogers, president of Risk Pros Inc., recommended the Bossier Parish Schools Insurance Committee approve a one-year renewal of the district's liability insurance package with a $300,000 self-insured retention, saying the higher retention produces immediate premium savings that should exceed expected additional exposure over time. Rogers said on the proposed plan that by increasing the district's self-insured retention by $100,000 the district would "harvest premium savings of just under $200,000 in premium." He added, "It is my belief that over time, the board will actually…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
