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District expands equipment insurance to include HVAC; employee health premiums hold steady
Summary
Officials said July 22 that most non-cyber insurance is provided through the IPSIP program, property and workers' comp premiums rose modestly while equipment-breakdown premiums jumped after expanding coverage to HVAC; employee health premiums did not increase this year.
District finance staff briefed the board July 22 on the annual asset-protection report, saying the district’s insurance program remained stable while the district added HVAC coverage to its equipment-breakdown insurance.
CFO Kurt said most of the district’s insurance is placed through an IPSIP program of member districts, which has produced comparatively stable premiums and a flat $1,000 deductible structure for incidents. He said property premiums rose 6.59%…
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