MUSIC Renews Full Insurance Coverage for District at $188K
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Description
The board reviewed the annual insurance renewal with MUSIC (Missouri United School Insurance Council) for $188,242 covering all key insurances for the 2023-2024 school year. Premiums increased substantially over last year due to marketwide claim trends.
Contract Details
Contract Amount
$188,242
Vendor
MUSIC (MISSOURI UNITED SCHOOL INSURANCE COUNCIL)
Agency
Risco R-II School District, MO
Contract Type
INSURANCE
Document Date
December 13, 2023
Contract Term
2023-2024 fiscal year
Renewal Date
2024-06-30
Renewal Info
Annual renewal; significant rate increase noted; no mention of multi-year option or amendment.
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