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 |