Guilford County Board of Education


Guilford County Board of Education
Regular Meeting
June 24, 2010

To:

Members, Board of Education

From:

Maurice O. Green, Superintendent
Sharon S. Ozment, Chief Financial Officer

Date:

June 18, 2010

RE:

2010-11 Insurance Coverage

We recommend that quotes for the following lines of coverage be accepted for fiscal year 2010-11.

Type

Agent

Administered By

Underwriter

Premium

General Liability
Garage Liability
Law Enforcement
Errors & Omissions

Surry Insurance
Dobson & Winston-Salem

Montgomery Ins.
Charlotte, NC

Montgomery Ins.
Charlotte, NC

$266,741

Auto & Garage Keeper

Surry Insurance
Dobson & Winston-Salem

Montgomery Ins.
Charlotte, NC

Montgomery Ins.
Charlotte, NC

$199,077

High School
Catastrophic

American Advantage
Marketing
Waynesville, NC

American Advantage
Marketing
Waynesville, NC

United Health Care
Plano, TX

$25,233.75

(Premium calculation based on last year’s actual numbers = 6729 participants times $3.75 per participant)

Middle School Catastrophic

The Young Group
Raleigh, NC

Mutual of Omaha
Omaha, NE

Mutual of Omaha
Omaha, NE

$7,249.78

Student Athletic

The Young Group
Raleigh, NC

Bollinger
Short Hills, NJ

Monumental Life Ins.
Cedar Rapids, Iowa

$125,000

Student Accident

The Young Group
Raleigh, NC

Sentry Life Insurance
Stevens Point, WI

Sentry Life Insurance
Stevens Point, WI

Voluntary

Excess Worker’ Comp & Employer’s Liability

Surry Insurance
Dobson & Winston-Salem

Key Risk Ins. Services
Greensboro, NC

Safety National
St. Louis, Mo.

$100,830

(Recommended carrier bid retention of $400,000 and statutory limits.)

Property Insurance

Surry Insurance
Dobson & Winston-Salem

Berkley Mid-Atlantic
Richmond, VA

Berkley Mid-Atlantic
Greensboro, NC

$815,742

This completes all lines of coverage for the school year 2010-11.