1. CEDAR FALLS COMMUNITY SCHOOL DISTRICT Insurance Report August 8, 2016

2. Property Insurance Insurance through IASB Safety Group Over 300 Iowa public schools participate in the IASB Safety Group Underwritten by EMC Insurance Co., Des Moines Value of District facilities & contents $164,081,661 Premium of $170,434 for Fy17 $5,000 deductible

3. Property Insurance Builders Risk Insurance (construction projects) None at this time Flood insurance through National Flood Insurance Program/Selective Insurance (North Cedar Elem.) $1,500,000 coverage (basic and excess) $4,692 premium

4. Auto Insurance Insurance through IASB Safety Group Value of fleet = $3,916,738 Premium for Fy17 = $66,563 Deductibles Collision = $250 Comprehensive = $50 Replacement cost coverage on buses less than 10 yrs. old

5. Liability Insurance Insurance through IASB Safety Group General liability = $4 million (Up from $2 million in Fy16) Umbrella liability = $4 million (Down from $5 million in Fy16) Group excess liability = $15 million Medical, pollution, and violent event response included Premium for Fy17 = $60,670 Underground storage tank through Petroleum Marketers Management Insurance Co. (PMMIC), Urbandale, Iowa $500,000 coverage - $1,476 premium

6. Crime Insurance Insurance through IASB Safety Group Generally $1 million coverage for Theft, Forgery, Fraud, Errors & Omission $15,831 premium for Fy17 Electronic Data Protection/Personal Data Compromise Coverage through Hiscox Insurance Co., New York, NY $1 million coverage with $5,000 deductible $10,962 premium for Fy17

7. Workers Compensation Insurance Insurance through United Heartland, Inc., Milwaukee, Wisconsin $1,500 deductible $219,330 premium for Fy17 Modification factor of 0.74 1.0 is considered average

8. Workers Compensation Insurance

9. Summary Insured value of District facilities has increased $15 million (9.95%) over last 5 years Increased liability coverage for Fy17 Cedar Falls Schools workers compensation modification factor continues to be one of the lowest public school ratings in Iowa All premiums (except Builders Risk) are paid out of the Management Fund

10. Summary Total Premium $500,013 $574,215 $593,223 $555,354 $548,482 % Change 14.84% 3.31% (6.38)% (1.24)%

11. Questions?