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Gray County board renews property, liability and workers'comp insurance; staff warns of much larger deductibles
Summary
Board approved renewal of the district's property, liability and workers' compensation insurance. Finance staff said premiums rose and the policy's deductible structure has changed to a percentage basis for major buildings, which could expose the district to large out-of-pocket costs after a catastrophic loss.
The Gray County Board of Education on June 24 approved renewal of the district's property and liability package and its workers'compensation insurance after a presentation from district finance staff outlining premium increases and a change in deductible structure.
Treasurer Melanie DeMott reported the district's overall property/auto/umbrella premium increased by $45,595 compared with last year.…
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