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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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19.18 Award Student Accident Insurance to United States Fire Insurance Co. for $50,500.00 |
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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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This is to authorize the administration to award the contract for Student Accident Insurance for the fiscal year 2023-24. United States Fire Insurance Co. the incumbent carrier, has provided the most advantageous proposal, in the amount of $50,500.00 which is 5.61% less than last year while maintaining expiring conditions. The decreased premium reflects a lower student enrollment.
Proposals were solicited and analyzed by the District’s broker, Nausch, Hogan and Murray. Proposals were also solicited from Wellfleet Insurance Co. at $50,652.00, AIG Insurance Co. at $54,270.00, and Arch Insurance Co. at $60,395.00. |
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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 2023-2024 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 2023-2024 school year be awarded as follows:
United States Fire Insurance Co.
5 Christopher Way, 3rd Floor,
Eatontown NJ 07724
Total $50,500.00
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 Rosemarie Linton seconded to approve the Original motion 'Ladies and Gentlemen:
WHEREAS: The Administration wishes to award insurance coverage for Student Accidents Insurance for the 2023-2024 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 2023-2024 school year be awarded as follows:
United States Fire Insurance Co.
5 Christopher Way, 3rd Floor,
Eatontown NJ 07724
Total $50,500.00
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: 7 Nay: 0. | | The motion Carried 7 - 0 | | | | | Dr. Rosalba Corrado Del Vecchio | Yes | | Kevin Cacace | Yes | | Rev. Steve Lopez | Yes | | Dr. John Castanaro | Yes | | Rosemarie Linton | Yes | | Gail Burns | Yes | | Lawrence Sykes | Yes | |
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