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District secures liability renewal with extended retro date; board approves renewal and directs further market search for umbrella coverage
Summary
The board approved the district’s insurance renewal covering general liability and errors & omissions, with staff negotiating a retroactive date back to July 1, 2009 to preserve tail coverage; the board asked staff to continue seeking umbrella policies and alternatives.
The board approved the district’s annual insurance renewal after staff reported they had negotiated a key retroactive date change with the vendor.
Staff and the district’s insurance broker presented renewal numbers and highlighted a negotiated change to the retroactive date for prior‑acts coverage (commonly called tail coverage). The retroactive date in the materials had earlier been 2015; staff reported they worked with the…
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