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School board approves $159,898 property-and-casualty renewal and separate builder’s-risk coverage
Summary
The North Knox School Board approved a property and casualty insurance renewal through Burkhard Insurance (about $159,898) and added a builder's risk policy (about $6,100) tied to ongoing construction work.
The North Knox School Corporation board voted to renew its property and casualty insurance through Burkhard Insurance and to add builder’s risk coverage for an active construction project.
A staff member reported the renewal “is around 159,898 for the property and casualty” and identified an additional line item cited in the meeting as $30,994 (context in the transcript was not clarified) plus a separate builder’s risk premium of about $6,100. After that presentation the board approved the renewal by voice vote.
The motion to approve the renewal passed with no recorded opposition. The staff speaker said the builder’s risk coverage is required while the district undertakes its project and was included in the motion. The board did not request further underwriting detail during the meeting and no future effective date was specified in the discussion.
The board made the decision as part of routine new business; there was no extended debate recorded. Next steps were limited to implementation with the district’s insurance broker; the meeting did not include a staff timeline for any changes in coverage or premium billing.
