HomeMy WebLinkAboutRes 15-13 WA Approving Insurance Bid for Box InsuranceWESTLAKE ACADEMY
RESOLUTION NO. 15-13
A RESOLUTION OF THE WESTLAKE ACADEMY BOARD OF TRUSTEES
AWARDING THE BID FOR PROPERTY/CASUALTY INSURANCE PRODUCTS AND
SERVICES TO BOX INSURANCE AGENCY FOR FY 2015-2016.
WHEREAS, Westlake Academy desires to maintain a comprehensive risk management
program for the protection of its property, students, employees, elected officials, and
stakeholders; and,
WHEREAS, the leaders of Westlake Academy desire to exercise exceptional levels of
stewardship with all financial resources; and,
WHEREAS, the Board of Trustees finds that the passage of this Resolution is in the best
interest of the citizens of Westlake as well as the students, their parents, and faculty of Westlake
Academy.
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF TRUSTEES OF
WESTLAKE ACADEMY:
SECTION 1: that the Board of Trustees of Westlake Academy does hereby award the
recommended bid for property/casualty insurance products and services to Box Insurance
Agency for FY 15-16, attached hereto as Exhibit "A"; and further authorize the Superintendent
or designee to execute this agreement.
SECTION 2: that, all matters stated in the Recitals hereinabove are found to be true and
correct and are incorporated herein by reference as if copied in their entirety.
SECTION 3: If any portion of this Resolution shall, for any reason, be declared invalid
by any court of competent jurisdiction, such invalidity shall not affect the remaining provisions
hereof and the Council hereby determines that it would have adopted this Resolution without the
invalid provision.
Resolution WA 15-13
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SECTION 4: That this resolution shall become effective from and after its date of
passage.
PASSED AND APPROVED ON THIS 10TH DAY OF AUGUST 2015.
ATTEST:
Kellydwar. Town Secretary
APPROVED AS TO FO
J.1- Bube �`T".`nton Lowry,
School Attorney
LauraTheat, President
Thomas E. Bry h perintendent
Resolution WA 15-13
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Exhibit "A"
Recommended Bid — Box Insurance
Coverage
Commercial Property- Travelers
General Liability - Utica
Business Auto - Utica
Umbrella ($5,000,000) — Utica
Workers Compensation - Travelers
Student Accident Policy - QBE
Global Support Services - Travelers
Expiring Premium
$85,332.00
(Total Value @40,288,880)
$11,369.00
(Based on 815 Students)
$ 3,114.00
(Based on 2 Vehicles)
$ 8,845.00
$18,557.00
$ 4,392.00
(Based on 815 Students)
N/A
Renewal Premium
$81,628.00
(Total value @42,592,015)
$11,453.00
(Based on 825 Students)
$ 3,083.00
(Based on 2 Vehicles)
$ 8,659.00
$20,607.00
$ 4,282.00
(Based on 825 Students)
$2,750
Total
$131,609.00
$132,462.00
Resolution WA 15-13
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