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Meeting Date:
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Category:
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SCHOOL FACILITIES MANAGEMENT |
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Type:
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Subject:
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16.16 AWARD GF STUDENT ACCIDENT INS UNITED STATES FIRE $55,800.00 |
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District Goals:
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Enclosure:
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File Attachment:
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Rationale:
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AWARD OF THE GENERAL FUND CONTRACT for the Annual Student Accident Insurance Coverage for 2021-22 to United States Fire Insurance Co. in the amount of $55,800.00. This is $7,300 increase over last year’s expiring premium.
Term is from July 1, 2021 to June 30, 2022
This is to authorize administration to award the contract for Student Accident Insurance for the fiscal year 2021-22. Proposals were solicited and analyzed by the District’s broker, Nausch, Hogan and Murray. United States Fire Insurance Company, who currently provides this coverage, has provided the most advantageous proposal, which is $7,300 more than last year while maintaining expiring conditions. Proposals were also solicited from QBE Ins. Corp., $57,833.00, CHUBB Insurance Company $57,650, Berkley Insurance – no quote and AIG – no quote. The premium increase for this year’s renewal continues to be the result of the losses. |
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Funding:
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450.5303.100000.1910. B2310. General Fund-Insurance |
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Resolution
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Ladies and Gentlemen:
WHEREAS: the Administration wishes to award insurance coverage for Student Accidents Insurance for the 2021-2022 school year, and
WHEREAS: Proposals were obtained by the Board's insurance broker, Nausch, Hogan and Murray for the Yonkers Public Schools, and
WHEREAS: United States Fire Insurance Co. has submitted a proposal which is most advantageous to the District and meets specifications and requirements
NOW THEREFORE BE IT RESOLVED: that insurance coverage for Student Accidents Insurance for the 2021-2022 school year be awarded as follows:
United States Fire Insurance Co.
5 Christopher Way, 3rd Floor,
Eatontown NJ 07724
Total $55,800.00
AND BE IT FURTHER RESOLVED: that the Board of Education hereby authorizes the Superintendent of Schools to purchase the coverage for Student Accidents Insurance with the above mentioned firm through broker, Nausch, Hogan and Murray, Inc. |
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Approvals:
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Recommended By: |
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Signed By: |
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John Carr - Executive Director |
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Signed By: |
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Tom Collich - Purchasing Director |
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Signed By: |
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Finance Department - Finance Reviewer |
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Signed By: |
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Elizabeth Janocha - Deputy Commissioner |
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Signed By: |
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John Liszewski - Commissioner |
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Signed By: |
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Matthew Gallagher - Corporation Counsel |
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Signed By: |
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Dr. Edwin M. Quezada - Superintendent of Schools |
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Vote Results:
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| Original Motion | Member Kevin Cacace Moved, Member Gail Burns seconded to approve the Original motion 'Ladies and Gentlemen:
WHEREAS: the Administration wishes to award insurance coverage for Student Accidents Insurance for the 2021-2022 school year, and
WHEREAS: Proposals were obtained by the Board's insurance broker, Nausch, Hogan and Murray for the Yonkers Public Schools, and
WHEREAS: United States Fire Insurance Co. has submitted a proposal which is most advantageous to the District and meets specifications and requirements
NOW THEREFORE BE IT RESOLVED: that insurance coverage for Student Accidents Insurance for the 2021-2022 school year be awarded as follows:
United States Fire Insurance Co.
5 Christopher Way, 3rd Floor,
Eatontown NJ 07724
Total $55,800.00
AND BE IT FURTHER RESOLVED: that the Board of Education hereby authorizes the Superintendent of Schools to purchase the coverage for Student Accidents Insurance with the above mentioned firm through broker, Nausch, Hogan and Murray, Inc.'. Upon a Roll-Call Vote being taken, the vote was: Aye: 8 Nay: 0. | | The motion Carried 8 - 0 | | | | | Rev. Steve Lopez | Yes | | Andrea Brown | Yes | | Kevin Cacace | Yes | | Dr. John Castanaro | Yes | | Abdool H. Jamal | Yes | | Dr. Rosalba Corrado Del Vecchio | Yes | | Gail Burns | Yes | | Sheila Greenwald | Yes | |
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