ACADEMY STAFF REPORT RECOMMENDATION
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Consider approving WA Resolution 25-18 for Westlake Academy Building Property Casualty Insurance Products and Services to Box Insurance Agency for the period of July 1, 2025 to June 30, 2026; and take appropriate action.
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STAFF: Sandy Garza, Director of Human Resources
BACKGROUND:
Bids were solicited for Westlake Academy's annual insurance renewal package, which includes the following lines of coverage: Property, General Liability, Umbrella Liability, Workers' Compensation, Auto, Crime, International Travel, Cyber Liability, and a Student Accident policy.
Box Insurance Agency-Westlake Academy's long-standing insurance provider-was the sole respondent by the bid deadline and submitted the only proposal that included all required lines of coverage. Box Insurance has supported the Academy since its inception and continues to adapt the program as institutional needs evolve. The proposed renewal reflects a total premium of $236,043, representing an 11% increase ($22,735) over FY 2024-25.
Liability coverages are provided either as stand-alone policies or as sub-policies under General Liability, including:
* Directors & Officers Liability
* Employers' Legal Liability
* Employment Practices Liability
* Employee Benefits Liability
* Educators' Legal Liability
Key changes in policy premiums:
* Property: +11% - Industry-wide increases driven by wind/hail damage in Texas, inflation, and the rising cost of specialty building materials.
* Workers' Compensation: +4%
* Auto: +7% - Reflects industry trends and inflation.
* General Liability & Cyber Liability: +28% - Due to inflation and market conditions.
* Umbrella: +7%
* Student Accident: -17%
* International Travel: -2%
* Crime: -17%
The aggregate increase across all lines is 11% compared to the prior fiscal year.
STAFF RECOMMENDATION:
Staff recommends approval of WA Resolution 25-18 as presented. The total cost for this recommendation is $236,043.
ATTACHMENT(S):
* WA Res...
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