Board approves $1.16 million insurance renewal after Bremer Insurance presentation

The Independent School District 152 board voted to approve the district’s insurance package renewal, accepting a total renewal amount of $1,160,512.29 following a presentation by Bremer Insurance.

Joel Quam of Bremer Insurance told the board the district’s net premium change this year was 1.6%, “which is extremely favorable in comparison to the average,” and credited the result to the district’s safety practices and carrier relationships. Quam warned that liability and auto markets remain pressured and noted cyber risk continues to be an industry concern.

Board member Scott Steffes asked for clarification about “inland marine” coverage for mobile equipment; Quam explained it covers movable items and said the district had added welding simulators under that coverage. Quam also said some carriers would require a 1% wind/hail deductible tied to building value, “which for a larger high school could be $1.6–$1.7 million,” but the district’s current carrier (EMC) maintained a much lower flat deductible of $75,000.

A motion to approve the renewal as presented was made and seconded; the board approved the motion by voice vote.

The approval keeps the district with its current carrier lineup and retains the district’s participation in workers’ compensation and other performance‑rewarding programs that Quam credited for favorable terms. The district’s administration recommended the renewal as presented and said staff would continue to monitor market conditions.

Next steps: Administration will finalize the renewal with the carriers identified in the packet.