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Personnel committee accepts insurance renewals; district reports $30,185 net premium reduction
Summary
The Personnel Committee approved the district’s 2026–27 insurance renewals after a presentation by risk manager Laura Young. She reported an overall premium reduction of $30,185 and summarized changes across property, liability, cyber and athletic/catastrophic coverages; the district covers athletic accident insurance at no cost to parents.
The Personnel Committee on April 30 approved the district’s recommended 2026–27 insurance renewal package following a presentation from risk manager Laura Young.
Young told committee members she and the broker solicited multiple carriers across property, liability, cyber and other lines. She reported an overall net premium reduction of $30,185 for the district. Specific movements noted in the record include a property premium decrease (recorded in the transcript as a 6.03 decrease), a liability premium increase of about 5%, and a cyber premium increase of about 2.5%. Athletic and catastrophic coverages showed larger decreases in the presenter’s summary (the transcript records a roughly 17.99% premium reduction for catastrophic/athletics coverage).
On claims activity, Young said cyber claims were minimal this year (two minor claims) and that liability claims typically number in the 20–30 range annually (closer to 60 if motor-vehicle accidents are included). A board member asked whether athletes or parents pay any portion of athletic insurance; Young said the district covers athletic accident and catastrophic policies at no cost to parents, though families may optionally purchase other accident layers.
The committee voted unanimously to accept the insurance renewal recommendation. Young credited operations and maintenance work for helping reduce property exposure and noted the district will revisit athletic-market options next year.
Why it matters: Insurance renewals affect district risk exposure and annual operating budgets. A small net premium reduction relieves immediate budget pressure, but staff noted market volatility (climate events, inflation) continues to influence premiums and retentions.
Next steps: Finance and risk teams will finalize policy layers, retentions and renewals; the district plans ongoing monitoring and will report notable claims activity or material changes.
