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New Business - Insurance

Title: IN2 Workers' Compensation /SR 126443

Recommendation:
I recommend that the School Board approve the Worker's Compensation claim #SR 126443  in the amount of $118,950 representing compensation, attorneys' fees and costs and authorize the execution of all related documents.  This settlement will finalize all outstanding issues.

Description:

The Settlement of this claim was recommended by the District's outside counsel and claim adjusters and has been approved by the Chief Counsel, Chief Financial Officer and Director of Employee Benefits and Risk Management as required by District Policy #6.09.

A now 56 year old custodian sustained back injuries while carrying a portable vacuum.  His  injuries resulted in permanent and total disability after conservative care failed which prevented him from returning to work.

The District has paid over $252,000 in medical benefits, wage loss and expenses to date.  Future exposure is estimated at over $255,000.  Excess reimbursement of this settlement is anticipated in accordance with the contract, as the retention is $250,000

 The settlement will extinguish all future liabilities.

Financial Impact:
The financial  impact to the District for this settlement is $118,950.  The source of funds is the General Fund.

For Additional Information, contact:
Joseph M. Moore (moorej@palmbeach.k12.fl.us)/ Dianne L. Howard

Attachments (list):
Q&AIN2.doc

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