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| | Keenan & Associates Helping School Districts Control Liabilities By Robert Warne - May 30, 2002Keenan & Associates has capitalized on the niche market of owner controlled insurance programs (OCIP) for school districts and has enhanced its services with a new website. The site is designed to support the company’s statewide educational wrap up program (SEWUP). Through the website school districts will now be able to better manage insurance programs surrounding their construction projects.
Since 1999, schools have been able to participate in OCIPs. This was made possible with implementation of Section 4420.5 of the California Government Code. The legislation gave school districts the same privileges as other public entities.
Once passed school districts had the ability to offer multiple contractors a single comprehensive policy that incorporates general and excess liability, workers’ compensation, builders’ risk, pollution, and architects and engineers errors and omissions coverage.
The educational wrap up program has the potential to save school districts up to 40 percent in insurance costs.
“The SEWUP program takes all current non-integrated coverages purchased independently by all construction participants and ‘wraps’ them up into one significantly more comprehensive and economical program,” said Bill Poland, executive vice president at Keenan & Associates. “With less money going toward the cost of insurance, savings can be redirected to enhance the facility for the direct benefit of the students,” he said.
Zurich, one of the foremost providers of wrap-up coverage is partnering with Keenan & Associates through the statewide educational wrap up program joint powers authority. The web address for the new site is www.sewup.org.
Torrance-based Keenan & Associates currently services 750 California school districts and has claims offices in Rancho Cordova, Riverside and San Jose. |