The MSIA Property Program was established to fund for the self-insured and excess coverage for Marin School district property. The program year runs from July 1 to June 30 of each year. Excess insurance is provided by the Northern California Regional Liability Excess Fund (www.norcalrelief.org).
The Board has contracted with Sedgwick for general administration and Keenan & Associates for third-party claims administration and safety and risk control services for the property program.
MSIA’s insurance coverages, deductibles, and self-insured retentions (SIR) are as follows for the Property Program:
| Insurance Type | Coverage |
|---|---|
| Deductible | $1,000 |
| JPA SIR | $25,000 |
| Excess Insurance Purchased | Up to the total value for all real and personal property declared. (Limited to $250,000,000 per occurrence) |
A financial audit is conducted annually by an independent Certified Public Accountant (CPA). An annual actuarial study is conducted by an independent actuary to ensure appropriate rates and reserves