NEA will conduct a study to examine the feasibility of self insuring the risks covered by the Educators Employment Liability insurance.

Rationale/Background

In the past six years, NEA’s claims have not exceeded $6,000,000. We pay $11,000,000 in premium share. This would save the NEA at least $5,000,000 annually. NEA could quickly build up a substantial fund to cover Educator’s Employment Liability.

Contact

Tom Nicholas - CT

Cost Implications

This item cannot be accomplished with current staff and resources under the proposed Modified 2019-2020 Strategic Plan and Budget. It would cost an additional $15,625.