Tri-Creek School Board approves insurance carriers, premiums

2014-01-11T19:30:00Z Tri-Creek School Board approves insurance carriers, premiumsMelanie Csepiga Times Correspondent
January 11, 2014 7:30 pm  • 

LOWELL | The Tri-Creek School Board has approved insurance carriers and premium amounts for 2014, but will revisit the subject when it meets next Jan. 23.

Business Manager Dana Bogathy told the board liability insurance costs have increased from 5 to 12 percent for school systems. Tri-Creek's cost $165,000 for 2013 and will cost $176,000 for 2014, a 6.5 percent jump.

Workers' compensation costs decreased from $150,000 to $114,000. "That is staff working safe," Bogathy said.

Damages from the Nov. 17 tornadoes and storms kept property insurance up, she said.

Board member Tim Cottingham said this year marks the third renewal with the insurance broker used.

"We were supposed to talk about that last year," he said.

At Cottingham's urging, the board agreed to discuss the topic, including re-bidding in the next go-round, at the next meeting.

The board also reviewed and lauded the goals for categorical expenditures Bogathy presented.

"We're driving the dollars to the students," she told the board.

After discussion on the topic over several months, Tri-Creek will move to open enrollment for the 2014/2015 school year.

Board President Doug Ward said he attended a legislative conference downstate on the topic and came back with plenty of materials.

"The rules are pretty straightforward," he said.

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