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Board approves property, equipment and workers’ compensation renewals and retains claims administrator and safety consultant
Summary
The board approved property and boiler/equipment insurance renewals, approved excess workers’ compensation coverage (including an offered two-year option), and retained its third-party claims administrator and safety consultant; staff reported favorable initial health-insurance loss ratios for 2025.
The Saint Mary Parish School Board approved a package of insurance renewals and related contracts covering property, equipment breakdown, and excess workers’ compensation, and voted to retain its existing third-party administrator (TPA) for claims administration and a safety consultant for loss-control services.
For building and contents coverage the board approved a renewal with an upper premium limit of $2,054,007.06 for the policy year beginning April 1, 2025. The district’s insurance advisor explained that this figure is a negotiated cap and the agent will continue negotiating before binding the policy;…
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