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Board approves new property‑liability arrangement with Hanover after debate on broker fees and timeline
Summary
The board accepted a two‑year proposal from Hanover Insurance with Kaepernick as broker effective 07/01/2025. Board members questioned the $29,000 broker fee, timing and whether district could solicit other bids; administration emphasized broker services and two‑year price stability.
The Monroe Public Schools Board voted 7–0 to accept a proposed district property liability insurance agreement with Hanover Insurance, brokered by Kaepernick Insurance, set to begin July 1, 2025, and to include a two‑year rate guarantee.
Board members expressed concern about the short notice, broker fee magnitude and the district’s ability to solicit alternative bids. One board member said during discussion, “This was dropped on us very, very quickly,” and questioned paying $29,000 for broker services when the district could remain with SETSEG and solicit bids later. Administration responded that Kaepernick conducted market outreach and Hanover was the only insurer to deliver numbers through that process; the broker’s services are intended to expand market access and provide on‑site risk management support to help control claims and long‑term cost volatility.
Administrators described the broker package as more than placement: it includes risk‑management visits, training and equipment (for example, water sensors), and a two‑year stability that could blunt next year’s market increases. After the exchange and clarifications about a 30‑day window for liability renewals, the board approved the Hanover proposal by roll call 7–0.
