Terrebonne Parish committee approves multiple insurance renewals for school system

The Finance, Insurance and Section 16 Lands Committee voted to approve several insurance renewals covering the Terrebonne Parish School system, including excess casualty, boiler and machinery, cyber liability and excess workers’ compensation coverage.

The committee recommended renewal of excess casualty insurance from Lloyd’s of London, with Jay Gallagher of Louisiana Inc. listed as broker of record. The committee read limits into the record: $2,000,000 per occurrence with a $4,000,000 general aggregate for general liability; $1,000,000 per accident for auto liability; $2,000,000 per claim for errors and omissions; and $1,000,000 for abuse/harassment liability subject to a $500,000 self‑insured retention. The annual premium was listed as $382,816.13 for the policy effective 07/01/2026 through 06/30/2027. The motion to accept the renewal was moved by Dane Boisette and seconded by the vice chairman and passed with no objections.

Curtis, the district’s risk manager, told the committee the renewal represents only a modest increase of about $637 from the prior year and is reasonable in light of a recent paid claim. "Considering all that, this is a very good renewal," he said.

The committee also approved boiler and machinery coverage through Liberty Mutual Fire Insurance Company at an annual premium of $16,478 with a $2,500 deductible (07/01/2026–06/30/2027). Curtis explained that this line rose by roughly $692 because the district has more equipment to insure as new facilities come online.

On cyber liability, the committee accepted a renewal from Houston Casualty via USI Insurance Services (annual premium $43,450.95; $100,000 deductible; $1,000,000 limit) contingent on the district’s new email server being in place. Curtis said an underwriter review identified the email server as a vulnerability; he and IT staff told the committee the replacement server is already installed "in the rack" and will be made operational before July. The committee amended the recommendation to require the server to be "installed and operational" rather than merely "installed," the amendment passed, and the main motion passed. Curtis noted the renewal premium is $4,655.55 less than last year but warned failure to meet the server condition could affect coverage.

Finally, the committee approved renewal of excess workers’ compensation with Midwest Employers Casualty via USI, with a $500,000 self‑insured retention effective 07/01/2026–06/30/2028 and a projected annual premium of $116,199. Curtis said the final premium depends on the district’s payroll reporting and could be adjusted by roughly $10,000–$17,000 after reconciliation.

Flood insurance pricing was discussed but not finalized because staff are still incorporating coverage changes (increased values for South Terrebonne and contents coverage for Grand Canyon Middle; removal of a Lacazette policy). The flood‑insurance item was moved to the full board so staff can present final numbers at the next board meeting.

The committee took each insurance motion by voice and recorded no objections during the session. The committee’s votes were procedural approvals to accept broker proposals and authorize the board president to sign documents needed to effect the renewals.