June_27_2022_Board_Book.pdf — PaddleOCR-VL (Baidu)

ACTION ITEM:

Approval of United Educators General Liability and Umbrella/Excess Liability Insurance Renewal.

FACTS:

United Educators has been the University's insurer for General Liability since 2017 & Umbrella/Excess Liability since 1988. The current policy expires 6/30/2022.

BUDGETARY IMPLICATIONS:

The renewal rate for Primary General Liability is $67,030.00. The renewal rate for the Umbrella/Excess Liability Insurance is $60,514.00, for a grand total for FY 22-23 of $127,544.00. Funds for this expense have been budgeted.

RECOMMENDATION:

VP/CFO Shields recommends that the Board of Regents approve United Educators General Liability and Umbrella/Excess Liability Insurance Renewal.

MOTION:

Approve United Educators General Liability and Umbrella/Excess Liability Insurance Renewal.