HomeMy WebLinkAboutRes 16-13 WA Approving Insurance Bid with Box Insurance 16-17 WESTLAKE ACADEMY
RESOLUTION NO. 16-13
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 2016-2017.
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 16-17, 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 16-13
Pagel of 3
SECTION 4: That this resolution shall become effective from and after its date of
passage.
PASSED AND APPROVED ON THIS 10TH DAY OF AUGUST 2016.
ATTEST: Laura Wheat, President
K8�L s :-;
Kell?Edwar own Secretary Thomas E. Brymer, up rintendent
APPROVED S TO F
Ja et be o St ton Lowry,
School Attorney
Resolution WA 16-13
Page 2 of 3
Exhibit "A"
Recommended Bid — Box Insurance
Coverage Expiring Premium Renewal Premium
Commercial Property-Travelers * $ 80,284.00 $ 76,380.00
(Total Value @42,592,015) (Total value @45,240,040)
General Liability—Utica ** $ 1.1,453.00 $ 11,665.00
Business Auto -Utica $ 3,083.00 $ 2,954.00
Crime -Utica $ 2,670.00 $ 2,670.00
Umbrella($5,000,000)—Utica *** $ 8,659.00 $ 8,578.00
Workers Compensation-Travelers $ 20,607.00 $ 19,004.00
Student Accident Policy—QBE $ 4,282.00 $ 4,298.00
International Travel—Ace **** $ 2,000.00 $ 2,500.00
Total $133,308.00 $1279168.00
* Competitive bid offered similar coverage at a lower cost. Roofs 10 years or older are replaced on
a depreciated schedule(ACV),increasing retention after deductibles are paid. Staff does not
recommend this exposure due to estimated replacement costs of roofs 10 years or older.
** Competitive bid for GL coverage excluded coverage for armed security, health care providers,
and counseling services. Staff recommends that this coverage is required for daily operations at
Westlake Academy.
*** Competitive bid for Umbrella coverage did not cover Directors and Officers Liability,
Employment Practices Liability, or Uninsured/Underinsured Liability.
**** Recommended bid offers extended coverages for students and teachers for an additional $500.
This coverage is recommended; as is covers additional automobile and employer's liability,
increased limits for kidnap/ransom.
Resolution WA 16-13
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CERTIFICATE OF INTERESTED PARTIES
FORM 1295
1 of 1
Complete Nos. i - 4 and 6 if there are interested parties.
7-7
OFFICE USE ONLY
Complete Nos. 1, 2, 3, 5, and 6 if there are no interested parties.
CERTIFICATION OF FILING
Certificate Number:
1
Name of business entity filing form, and the city, state and country of the business entity's place
of business.
2016-92949
Box Insurance Agency
Grapevine, TX United States
Date Filed:
08/01/2016
2
Name of governmental entity or state agency that is a party to the contract for which the form is
being filed.
Westlake Academy
Date Acknowledged:
08/01/2016
3
Provide the identification number used by the governmental entity or state agency to track or identify the contract, and provide a
description of the services, goods, or other property to be provided under the contract.
RFP 16-001
Property & Casualty Insurance
4
Name of Interested Party
City, State, Country (place of business)
Nature of interest
(check applicable)
Controlling I
Intermediary
Westlake Academy
Westlake, TX United States
X
5
Check only if there is NO Interested Party. ❑
6
UNSWORN DECLARATION
My name is Adam SySWerda and my date of birth is
My address is 1200 S. Main St. Suite 1600 Grapevine TX 1 76051 USA
(street) (city) (stale) (zip code) (country)
I declare under penalty of perjury that the foregoing is true and correct.
Executed in Tarrant County, State of Texas on the 5 day of August 2019
(month) (year)
Ac
Signature of fauthorized agent of contracting business entity
(Declarant)
Forms provided by Texas Ethics Commission www.ethics.state.tx.us Version V1.0.277