Competitive quotes help school district get best prices
In an effort to get the most from its money, the Fairfield school district sought quotes from insurance companies instead of simply renewing its property, casualty and liability coverage with its current provider.
According to Fairfield Community School District Board of Directors President Gail Miller, asking for quotes from insurance providers encouraged competitiveness and lower prices.
Superintendent Don Achelpohl thinks the strategy seems to have helped because the district will be saving $36,584 compared to its 2009-10 cost.
The board did renew the district’s insurance with EMC, but at a cost of $182,732, with a rebate of about $32,000, for a total of $150,732.
The district also received a quote from Indiana Insurance, but when options were included, in order to match overage with EMC, the cost would have been $169,563; about $19,000 higher than EMC’s cost with the rebate.
“We’ll continue to look for ways to reduce costs and keep costs low,” said Achelpohl.
During its regular monthly meeting Monday, the school board also renewed its waste-disposal contract with Connelly Inc.
For the complete article, see the Wednesday, July 14, 2010, printed edition of The Fairfield Ledger.