GCCC BOT Approve 2023-2024 Property and Casualty Insurance
[Garden City, KS] June 29, 2023 -- The Garden City Community College Board of Trustees approved 2023-2024 property and casualty insurance during a special session on Thursday, June 29, 2023.
GCCC administration recommended continuing to utilize IMA, Inc. for property and casualty insurance, which GCCC has used since 2014. The 2023-24 annual premium is $360,324, up from the previous year ($347,067).
Dr. Ryan Ruda, GCCC President, shared that the market trends in property insurance increases have been 25-30%, and for general liability/educators legal insurance increases have been 17%. GCCC is only seeing a 10% increase and a 1% increase, respectively.
The BOT unanimously approved and accepted the 2023-2024 property and casualty insurance coverage.
The next meeting of the Board of Trustees is scheduled for Tuesday, July 18, 2023, at 6 p.m. in the Logan Aviation Endowment Room inside the Beth Tedrow Student Center at GCCC.
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Garden City Community College exists to produce positive contributors to the economic and social well-being of society.