Other votes scheduled for Monday’s assembly involve approval of an insurance plan enterprise for the college’s residence and casualty insurance for the coming calendar year. The advice is to use a diverse corporation than the 1 that currently delivers the protection.
Nuxoll’s memo on the make any difference stated the present-day provider, Hanover Insurance coverage Group, did not post the lowest bid and its estimate of $210,397 did not involve assets insurance policy.
He reported the organization indicated that was dependent on revisions of its hail coverage tips that set the higher education in a better possibility location.
The suggestion to the board is for both equally home and casualty protection from Businesses Mutual Insurance Co. for $153,473. That was the lowest of four bids received and represents about a 5% improve from the latest premium, Nuxoll indicated.
The other two bids gained were for $235,840 and $251,438.
The board is also scheduled to vote on authorizing transitioning the college’s credit history card companies to Initially Mid Lender & Belief.
Nuxoll’s memo indicated there are no “significant issues” with the recent companies supplier, Fifth 3rd Lender. Even so, Fifth 3rd no longer has a community consultant and the alter would consolidate all the college’s banking companies with 1 establishment, he mentioned.