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Meeting Date:
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6/19/2019 - 7:00 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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21.21 AWARD OF GENERAL FUND CONTRACT for the Annual School Educators’ Management & Employment Practices Liability Insurance Coverage for 2019-2020 to Greenwich Insurance Co. for $75,845 which is $10,426.00 less than last year.
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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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Term is from July 1, 2019-to June 3, 2020. Greenwich Insurance Co. is a member of XL Catlin Group. The reduction is approximately 12.5%, Greenwich has been able to offer a reduction in premiums for the last 3 years.
This is to authorize administration to award the contract for the School Educators’ Management & Employment Practices Liability Insurance Coverage (E&O) for the fiscal year 2019-2020. Proposals were solicited and analyzed by the District’s broker Nausch, Hogan and Murray. The lowest bidder was National Union Insurance Co (AIG) $75,212, not the Greenwich Insurance Co., the incumbent provider. Taking in consideration that the Greenwich Insurance Company provided us with some additional enhancements from last year coverage, no claim handling issues, consistently decreasing premiums and prior working relationship with YPS, our brokers, NHM, feel that it is to YPS advantage to continue working with Greenwich Insurance Co. Four other firms offered proposals ranging from $128,000 from Western Warls/ Valiuds to Ironshore Insurance Co. $250,000 for similar coverage. Another four declined to offer proposals due to requested limits, or not being in the market for the coverage.
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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 2019-20, 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 $75,485.00
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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Finance Department - Finance Reviewer
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Signed By:
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Tom Collich - Purchasing Director
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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._Andrea_S. Coddett - Deputy Superintendent
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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 Dr._Ammir Rabadi 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 2019-20, 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 $75,485.00
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: 6 Nay: 0. | | The motion Carried 6 - 0 | | | | | Rev. Steve Lopez | Yes | | Judith_Ramos Meier | Yes | | Andrea Brown | Yes | | Kevin Cacace | Yes | | Dr. Rosalba Corrado Del Vecchio | Yes | | Dr._Ammir Rabadi | Yes | |
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