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New Business - Insurance

Title: IN1 Workers' Compensation /BL 116477

Recommendation:
I recommend that the School Board approve the Worker's Compensation claim #BL 116477  in the amount of $60,000 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 47 year old Custodian sustained injuries  in 1995 after she slip and fell.  Injuries include back and neck problems as well as psychiatric issues.  She has been unable to return to work.

The District has paid over $91,000 in medical benefits, wage loss and expenses to date; present day estimate of future exposure exceeds $350,000. No excess reimbursement is anticipated  in accordance with the retention of $500,000.

 The settlement will extinguish all future liabilities.

Financial Impact:
The financial  impact to the District for this settlement is $60,000.  The source of funds is the General Fund.

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

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