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Venus ISD reviews three insurance options; board to decide in May
Summary
Finance staff presented three insurance providers (TPS, PCAT and incumbent TASB), outlined coverage and deductible trade-offs, and said the district will return in May with quotes and recommendations; PCAT carries a three-year co-op commitment with an opt-out if rates rise 10%.
District finance staff briefed trustees on April 20 about potential insurance providers for the 2026–27 fiscal year and the trade-offs the board will face when selecting coverage.
Staff said the district insures property (buildings and portables), auto, general liability, workers’ compensation, cyber coverage and equipment, and typically buys those lines in bundled packages. The options under consideration were TPS, PCAT and the district’s current provider, TASB; staff said TASB’s current quote was not available for the meeting to preserve fairness in procurement.
Highlights of the discussion included comparisons of provider approaches, the role of deductible selection versus premium levels, and how extreme weather events drive claims costs. Staff described a PCAT co-op option that includes a three-year commitment but allows the district to opt out if rates increase by 10% or more; TPS was described as another co-op alternative with local references. Board members asked about prior claims handling, pointing to earlier disputes with TASB over payouts for roof and HVAC claims; staff said they had sought references from Red Oak ISD and others and would collect additional references for TPS and PCAT.
No purchasing decision was made; staff said they will present all formal quotes and a recommendation at the May meeting when trustees will vote.
What’s next: staff to secure the outstanding TASB quote, provide a side-by-side cost and service comparison and return to the board in May with a formal recommendation.
