Approval of Church Mutual Commercial Auto Insurance Renewal.
Church Mutual has been the University's insurer for auto coverage since 2013. The current policy expires 6/30/2022. The renewal rate for FY 22-23 is quoted $4,134.00 lower than FY 21-22 rates.
Total amount for FY 22-23 Commercial Auto Policy for KSU is $64,614.00. Church Mutual requires a 30% down payment ($19,384.20) at the time of binding, with ten direct billed installments ($4,522.98 each). Funds for this expense have been budgeted.
VP/CFO Shields recommends that the Board of Regents approve the Church Mutual Automobile Insurance Renewal.
Approve Church Mutual Commercial Auto Insurance Renewal.