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Board approves new 2026'27 insurance package after reviewing competing bids
Summary
After reviewing proposals from Liberty Mutual, Obsidian and Blue Ridge/Bluegrass Risk Management, the board approved the 2026'27 property and liability insurance package through Blue Ridge/Bluegrass Risk Management, citing a materially lower premium and coverage that includes the new elementary school.
The board reviewed comparative insurance proposals for the 2026'27 year and voted to approve a package through Blue Ridge/Bluegrass Risk Management.
The presenters cited three bids during the discussion: Liberty Mutual (renewal cited at approximately $638,365, not including the new elementary school), Blue Ridge Risk Management (approx. $428,791, including the new elementary school) and Obsidian (approx. $570,845). Board discussion focused on premium differences, coverage limits and deductibles. One board member pointed out that the roughly $210,000 premium difference could free funds for other district needs.
Board members also discussed cyber coverage limits and options to purchase additional cyber protection. The board proceeded with a motion to approve the Blue Ridge/Bluegrass Risk Management package for the 2026'27 insurance year; the motion was seconded and carried on a roll-call vote.
The board asked staff to monitor deductibles and any midterm changes and to report back to the board if coverage requirements or district needs change.
