Board approves 2026 insurance renewals; misconduct coverage remains in underwriting
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Summary
Board approved new carriers for workers' compensation and professional liability for 2026 with premiums about $5,000 below budget; misconduct coverage will be issued separately and is still in underwriting and may add roughly $1,000–$2,000.
During 'Old Business' staff (identified as Mel / Unidentified Speaker 5) presented a handout summarizing insurance policy renewals for 2026. The presentation noted new carriers for workers' compensation and professional liability/directors-and-officers insurance and reported that current premium estimates were about $5,000 below what had been budgeted for the year.
Mel stated that misconduct coverage was not included in the main renewal packet because it is being written as a separate policy and was still in underwriting. When asked about potential additional cost, Mel estimated it would "probably be another 1 to $2,000 more."
The chair asked for a motion to approve the renewal "as presented." A motion and a second were made, the board voted using their voting process, and the insurance renewal was approved.
The board was advised that year-end accounting effects (pending sales-tax receipts) will mean November financials will reappear in subsequent reports, and final expenses will continue to be paid through January.