HCPS FL Logo Human Resources
Action Item
DATE: Tuesday, October 27, 2015
TO: School Board Members
FROM: Jeff Eakins, Superintendent
SUBJECT / RECOMMENDATIONS
Approve the Purchase of Quoted Law Enforcement Professional Liability Insurance Revised
EXECUTIVE SUMMARY
Hillsborough County Public Schools (HCPS) purchases Professional Liability Insurance coverage for HCPS law enforcement personnel. The coverage renews November 23, 2015. The coverage limits will remain at $500,000 each occurrence and $1,000,000 aggregate. The deductible remains at $250,000 per occurrence. The renewal premium will be $88,566 (inclusive of all Federal/State mandated fees).
STRATEGIC OBJECTIVES
All Strategic Objectives
FINANCIAL IMPACT (Budgeted:  Yes)
The annual 12 month Law Enforcement Professional Liability premium of $88,556.00 is included in the 2015-2016 General Fund Budget.

Dollars in the amount of $88,556 will be available in the Internal Services Fund (Worker's Compensation).  For tracking purposes, the fund number specific to the Worker's Compensation program is 711.  As of October 26, 2015, the balance in this line item equaled $92,279.83.

This is a $798.83 savings from 2014-2015. General Fund Budget.

EVALUATION
Yearly renewal
SUBMITTED BY: 
Glen A. Lathers   Stephanie F. Woodford
Director of Risk Management & Safety
(813) 872-5263
  Chief Human Resources Officer
(813) 272-4166
    A 4.07R
Hillsborough County Public Schools (Florida) * Mtg.#20151027_703 (Board Meeting) * Section A Item# 4.07R