Insurance / Risk Management
With a commitment to integrity and reliability, KSBIT’s mission is to provide comprehensive, affordable insurance coverage and risk management services for Kentucky’s educational institutions.
For more than a quarter century, KSBA has been the primary insurer of Kentucky schools through the Kentucky School Boards Insurance Trust (KSBIT). This self-insurance pool of coverage is owned by school districts and managed by a board of trustees of school board members and administrators to offer the most comprehensive coverage available.
The challenges and risks facing school districts, board members and their employees are varied and complex: on the job injuries, employment decisions, hail storms, floods, bus accidents and many more. KSBA is a risk management partner providing a consistent source of solutions at competitive prices. As a non-profit organization, KSBA’s sole objective is to help districts protect their resources through a complete program of risk management. KSBA’s panel of defense attorneys collectively is recognized as the school law experts in Kentucky. Our liability program covers the district, board members, employees, authorized volunteers and site-based council members and is constantly being redesigned to meet the changing needs of participating districts.
Services
School safety assessments:
School safety assessments in collaboration with KSBA student support and policy services working with the Kentucky Center for School Safety and the Kentucky Department of Education
Auto and fleet insurance:
Collision and liability coverage for school district buses, cars and other vehicles.
Comprehensive general liability, errors and omissions:
Broad-based protection for school boards, district employees, school councils and authorized volunteers. The protection extends to liability for damages arising from negligence, wrongful acts or failure to act.
Field trip insurance:
KSBA provides accident and sickness coverage for participants and chaperones of the district for whom premium has been paid, and incurred while participating in a scheduled sponsored and supervised activity of the district. Coverage is excess of expenses payable by any other health care plan. The maximum benefit per covered person is $100,000.00.
Risk Control and Safety:
Staff loss control specialists work with district personnel to control financial and personnel losses, and to provide customized, comprehensive loss prevention and control for all programs. KSBA also provides supervisor and employee risk reduction training.
Pollution (environmental liability) insurance:
KSBA is in partnership with one of the world’s largest and most experienced carriers for protection in cases of, for example, mercury or oil spills, waste water treatment facilities, above ground storage tanks, natural resources damages, lead and/or asbestos issues involving third party entities. A 24-hour hotline is supported by a national network of emergency response contractors and environmental consultants.
Property insurance:
Administration and loss control are key elements of this service. KSBA works to ensure a range of coverage as broad as possible while keeping the cost as low as feasible.
School safety-related workshops and services:
KSBA offers a variety of services specifically designed to help make school facilities safer for students and to prepare school personnel for emergency/crisis situations.
Special events insurance:
KSBA provides coverage for events held on school property by outside groups. Events are to be reported to KSBA in writing and premiums paid prior to holding the event. Limits for the KSBA Special Events Policy is $1 million.
Student accident insurance:
This service is designed to provide full coverage for usual and customary charges for all students while they are engaged in school-sponsored activities. The plan was adopted in an effort to reduce general liability losses. Participation may result in a reduction in premiums.
Unemployment insurance:
This service aims both at cost reduction and claims administration. Personnel procedures are stressed to help school districts avoid inappropriate unemployment claims expenses.
Workers’ Compensation insurance:
KSBA’s self-insurance program provides coverage for all legally required employee compensation for work-related injuries.
Service Contacts:
Myron Thompson: 800-372-2962
Randy Cook: 800-372-2962
Joe Isaacs (Risk Control and Safety): 502-330-0480
Jeremy Baird (Risk Control and Safety): 502-395-3289
Tim Hazlette (Loss Prevention Specialist): 502-545-6072
Marc Terrell (Loss Prevention Specialist): 502-545-6084
Debbie Frick: 1-800-372-2962
MerryAnn Lowery (unemployment): 1-800-372-2962