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Board of Education Meeting Date: 6/11/2020
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| | | | | | | | Action under consideration
| | The Administration recommends that the Board of Education authorize The School District of Philadelphia, through the Superintendent or his designee, to execute and perform a contract, subject to funding, as follows:
| | | With:
Conner, Strong & Buckelew
| | | Purpose:
To reimburse the School District's insurance broker of record, Connor, Strong & Buckelew ("Connor Strong") for the purchase of various casualty and bond premiums
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| | | | | | | | | | Start date: 7/1/2020
| | | End date: 6/30/2021
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| | | | | | | | | | Compensation not to exceed: $2,962,721
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| | | | | | | | | | Description:
Although The School District of Philadelphia (“School District”) enjoys protection under the Commonwealth's governmental immunity laws, it still requires a suite of casualty and property insurance products to address many of the exposures presented by its activities. Pursuant to the brokerage/consulting agreement with Conner Strong pays for the various insurance coverages on behalf of the School District and the School District reimburses the expenses. The various coverages include:
Property (Including equipment breakdown) Excess Property Excess Workers Compensation and Employers Liability Crime Sports Accident Student Participant Voluntary Student Accident Foreign Package Student Professional Liability Public Official Bonds
| | | Anchor Goal(s) Supported: To protect the Finanical interests of the School District
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| | | | | | | | | | Funding Source(s):
FY 20-21 General Fund |
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| | | | | | | | | | Office Originating Request: Board of Education
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