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Board approves SETSEG insurance package; administration cites roughly $184,000 estimated savings
Summary
The board approved a new insurance arrangement through SETSEG for FY 2026–27 totaling $376,430; SETSEG representatives described coverage limits, a $10,000 deductible and a district property valuation used for underwriting.
The Taylor School District voted to approve an insurance package through SETSEG for fiscal year 2026–27 at a cost of $376,430.
Paul Grinchi of SETSEG told the board that the company used the district’s existing coverage limits as a baseline and quoted a property valuation of $310,000,000 for district‑wide property coverage. He described an underlying general liability limit of $1,000,000 per occurrence with a $10,000,000 excess umbrella and said the deductible under the new arrangement will be $10,000.
Dr. Hill, who participated in negotiations, told the board the change will reduce district costs compared with the prior arrangement: “We were able to negotiate a better rate… secured a rate from SETSEG, the cost being $376,430… about $184,000 savings,” he said on the record. Board members asked about limits and potential out‑of‑pocket exposure; SETSEG staff explained deductible levels and coverage structure and administration confirmed the district had shopped the market to reduce premium exposure.
The motion to approve SETSEG coverage for FY 2026–27 passed on a recorded vote of 6–0. Administration indicated implementation details and final contract signing will follow.
