HomeMy WebLinkAboutRes 20-10 Awarding Property/Casualty Insurance products and services to Box Insurance for FY 20-21WESTLAKE ACADEMY
RESOLUTION NO. 20-10
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 2020-2021.
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 20-21, 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.
SECTION 4: That this resolution shall become effective from and after its date of
passage.
Resolution WA 20-10
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PASSED AND APPROVED ON THIS 24TH DAY OF AUGUST 2020.
ATTEST:
Todd Wood, Board Secretary
APPROVED AS TO FORM:
B er r Stanton Lowry,
At ome
Laura Wheat, President
A&4 t a 64al;,
Amanda DeGan, Superintendent
of W EST•.
r �•
TEX P5
Resolution WA 20-10
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Exhibit "A"
Recommended Bid — Box Insurance
Coverage Expiring Premium
Commercial Property- Crum Forster $ 88,080
General Liability — Utica $ 14,029
Business Auto — Utica $5,664
(4 Autos)
Umbrella ($5,000,000) — Utica $ 6,996
Crime - Travelers $ 2,850
Workers Compensation - Travelers $ 29,883
International Travel — CHUBB $ 2,000
Student Accident Policy — AJF/Philadelphia $ 5,943
Cyber Liability $400
Total
Renewal Premium
$ 91,995
$ 14,461
$ 5,029
(4 Autos)
$ 7,138
2,850
c
.�5, )24
$ 2,000
S 5,943
$400
$1559845.00 $155,740.00
Resolution INA 20-10
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