|
|
|
Meeting Date:
|
|
|
Category:
|
|
SCHOOL FACILITIES MANAGEMENT |
|
|
|
Type:
|
|
|
Subject:
|
|
18.7 United States Fire Insurance Company - Award |
|
|
|
District Goals:
|
|
|
Enclosure:
|
|
|
File Attachment:
|
|
|
Rationale:
|
United States Fire Insurance Company
Term: 365 calendar days
Amount: $47,500.00
Scope: To authorize the Administration to award the contract for Student Accident Insurance for the fiscal year 2024-25. United States Fire Insurance Company is the incumbent carrier and has provided the most advantageous proposal in the amount of $47,500.00, which is 5.94% 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 $48,240.00, QBE Insurance Co. at $56,309.00. CHUBB and Zurich Insurances declined to quote. |
|
|
|
Funding:
|
Pending Adoption of FY2024-25 Budget
450.5303.100000.1910.B2310 General Fund-Insurance |
|
|
|
Resolution
|
WHEREAS the Administration wishes to award insurance coverage for Student Accident Insurance for the 2024-2025 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 Company 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 Accident Insurance for the 2024-2025 school year be awarded as follows:
United States Fire Insurance Company
5 Christopher Way, 3rd Floor,
Eatontown NJ 07724
Total $47,500.00
AND BE IT FURTHER RESOLVED: That the Board of Education hereby authorizes the Superintendent of Schools to purchase the coverage for Student Accident Insurance with the above mentioned firm through our insurance broker, Nausch, Hogan and Murray, Inc. |
|
|
|
Approvals:
|
|
Recommended By: |
|
Signed By: |
 |
|
Michael Pelliccio - Director of Facilities III |
|
|
Signed By: |
|
|
Tom Collich - Purchasing Director |
|
|
Signed By: |
|
|
Finance Department - Finance Reviewer |
|
|
Signed By: |
|
|
Elizabeth Janocha - Deputy Commissioner |
|
|
Signed By: |
|
|
John Liszewski - Commissioner |
|
|
Signed By: |
|
|
Matthew Gallagher - Corporation Counsel |
|
|
Signed By: |
|
|
Anibal Soler, Jr. - Superintendent of Schools |
|
|
|
|
|
|
Vote Results:
|
| Original Motion | Member Kevin Cacace Moved, Member Sheila Greenwald seconded to approve the Original motion 'WHEREAS the Administration wishes to award insurance coverage for Student Accident Insurance for the 2024-2025 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 Company 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 Accident Insurance for the 2024-2025 school year be awarded as follows:
United States Fire Insurance Company
5 Christopher Way, 3rd Floor,
Eatontown NJ 07724
Total $47,500.00
AND BE IT FURTHER RESOLVED: That the Board of Education hereby authorizes the Superintendent of Schools to purchase the coverage for Student Accident Insurance with the above mentioned firm through our insurance broker, Nausch, Hogan and Murray, Inc.'. Upon a Roll-Call Vote being taken, the vote was: Aye: 6 Nay: 0. | | The motion Carried 6 - 0 | | | | | Kevin Cacace | Yes | | Dr. Rosalba Corrado Del Vecchio | Yes | | Gail Burns | Yes | | Sheila Greenwald | Yes | | Rosemarie Linton | Yes | | Felix Rios | Yes | |
|
|
|
|
|
|
|