Newcastle Schools Weigh OSIG Insurance Renewal
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Description
Newcastle Public Schools is considering renewal of its comprehensive property, liability, auto, cyber, and excess liability coverage through OSIG for the 2026–2027 policy year at a quoted total premium of $888,431. The cooperative program provides high per-occurrence limits and various specialized coverages, subject to Board of Education approval before June 30, 2026.
Contract Details
Contract Amount
$888,431 (property, boiler & machinery, auto physical damage, general liability, auto liability, educators legal, excess liability) plus included cyber coverage
Vendor
OSIG
Agency
Newcastle Public Schools, OK
Contract Type
INSURANCE
Document Date
June 30, 2026
Contract Term
07/01/2026 – 07/01/2027 (coverage effective upon Board resolution returned before 06/30/2026)
Renewal Date
2027-07-01
Renewal Info
Coverage is renewed annually through OSIG, with this proposal applying to the 07/01/2026–07/01/2027 term. The district must return a signed Board of Education resolution to OSIG before 06/30/2026 to bind renewal; future renewals are expected to follow a similar annual process.
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