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Meeting Date:
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6/16/2021 - 5:00 PM
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Category:
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SCHOOL FACILITIES MANAGEMENT
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Type:
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Action
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Subject:
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16.14 AWARD GF E&O INSURANCE GREENWICH INS. $89,608.00
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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 award the PO for the Annual School Educators’ Management & Employment Practices Liability Insurance (E&O) Coverage for 2020-2021 to Greenwich Insurance Co. for $89,608.00, Term is from July 1, 2021-to June 30, 2022.
Greenwich Insurance Company (a member of AXA XL Group of Companies) is the incumbent provider. The new premium is $10,764.00 (15.5%) higher than last years. This is due to XXXX.
As a premium reference point, Greenwich starting writing this policy in 2017 at an annual premium of $106,087; in 2018 premium was $86,280, 2019 premium was $75,485, last year it was $78,884 and this year $89,608, representing roughly a 15.53% decrease in the premium since Greenwich took over this account in 2017.
Proposals were solicited and analyzed by the District’s broker Nausch, Hogan and Murray, Inc.
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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 the District’s School Leaders’ Educators Management and Employment Practices Liability Insurance Coverage for the fiscal year 2021-22, and
WHEREAS, the proposals were obtained and analyzed by the Boards insurance broker, Nausch Hogan and Murray, and
WHEREAS: Greenwich Insurance Company submitted a proposal which meets the Districts specifications and requirements.
NOW THEREFORE BE IT RESOLVED that the District’s School Leaders’ Educators Management and Employment Practices Liability Insurance Coverage be awarded as follows:
Greenwich Insurance Company
Seaview House, 70 Seaview Ave.
Stamford Conn. 06902
Total $89,608.00
Term of 365 calendar days.
AND BE IT FURTHER RESOLVED, that the Board of Education hereby authorizes the Superintendent of Schools to purchase District’s School Leaders’ Educators Management and Employment Practices Liability Insurance Coverage from the above mentioned firm through our insurance 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 the District’s School Leaders’ Educators Management and Employment Practices Liability Insurance Coverage for the fiscal year 2021-22, and
WHEREAS, the proposals were obtained and analyzed by the Boards insurance broker, Nausch Hogan and Murray, and
WHEREAS: Greenwich Insurance Company submitted a proposal which meets the Districts specifications and requirements.
NOW THEREFORE BE IT RESOLVED that the District’s School Leaders’ Educators Management and Employment Practices Liability Insurance Coverage be awarded as follows:
Greenwich Insurance Company
Seaview House, 70 Seaview Ave.
Stamford Conn. 06902
Total $89,608.00
Term of 365 calendar days.
AND BE IT FURTHER RESOLVED, that the Board of Education hereby authorizes the Superintendent of Schools to purchase District’s School Leaders’ Educators Management and Employment Practices Liability Insurance Coverage from the above mentioned firm through our insurance 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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