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District renews property/liability through state pool and selects two-year workers' comp option to lock rates
Summary
Board renewed property and liability coverage through the Nevada Public Agency Insurance Pool and chose a two-year excess workers' compensation policy from Incline Casualty to lock premium levels; trustees cited market volatility and the pool's broader risk-management services.
The Douglas County School District board approved renewal of district property and liability insurance through the Nevada Public Agency Insurance Pool and selected a two-year excess workers' compensation option from Incline Casualty.
Brandon Lewis of USI Insurance Services and Wayne Carlson of the Nevada Public Agency Insurance Pool presented coverage highlights: property coverage is on a broad form with a $300 million limit per loss (the district's insured values were presented at about $296 million), general liability limits of $10 million per occurrence and aggregate, an abuse sublimit at $2.5 million, and cyber liability with $1 million limits (plus a $250,000 first-party supplement). The pool also provides risk-management services, passive network assessments, trainings and grants for member mitigation work.
On excess workers' compensation, the board was presented three options: remain with the current underwriter (transitioning to Safety National) that would have raised the district's premium toward a $100,000 minimum next year, or take Incline Casualty's one-year or two-year quotes (Incline's two-year option reduced the estimated premium to about $49,004.34). Trustees discussed insurer financial ratings, audit procedures for payroll-based premiums (capped payroll estimates and future audits), and the trade-off between short-term premium differences and long-term rate stability. Trustee Miller moved to renew with the pool and bind Incline Casualty for a two-year excess workers' comp term; the motion passed unanimously.
District staff noted the pool also funds cybersecurity and safety assessments and provides training for staff; trustees asked staff to review vehicle and payroll lists before the pool's renewal application snapshot at year-end if the district plans further reductions in fleet or staff.
Next steps: staff will execute renewal with the pool and bind the two-year Incline Casualty workers' comp option; implementation and audit follow standard renewal procedures.
