HomeMy WebLinkAboutRes 14-16 WA Box Insurance Property and Causalty WESTLAKE ACADEMY
SOLUTION NO. 14-16
A RESOLUTION OF THE WESTLAKE ACADEMY BOARD OF TRUSTEES
AWARDING THE BID FOR PROPERTY/CASUALTY INSURANCE PRODUCTS AN
SERVICES TO BOX INSURANCE AGENCY FOR FY 2014-2015.
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 fords 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 14-15, 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 14-16
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SECTION 4: That this resolution shall become effective from and after its date of
passage.
ATTEST: Laura" Wheat, President
Kelly Edwards, Town Secretary
Jane(. Bubert or L. Stanton Lowry,
School Attorney
Thomas E. Brympf, perintefident
Resolution WA 14-16
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Commercial Property- Travelers
General Liability - Utica
Business Auto - Utica
Umbrella ($3,000,000) — Utica *
Workers Compensation - Travelers
r .r 0 19'71 MA 7 U r
$59,820.00 $85,332.00
(Total Value @27,742,900) (Total value @40,288,880)
$10,772.00
(Based on 610 Students)
$ 2,902.00
(Based on 2 Vehicles)
$ 5,630.00
$15,597.00
$11,369.00
(Based on 815 Students)
$ 3,114.00
(Based on 2 Vehicles)
$ 5,746.00
$18,557.00
Student Accident Policy - QBE $ 3,861.00 $ 4,392.00
(Based on 650 Students) (Based on 815 Students)
Total $985582.00 $128,530.00
x Increasing Umbrella limits to $5,000,000 would incur an additional premium of $3,099
Resolution WA 14 -16
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