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New Business - Insurance

Title: IN2 Workers' Compensation /WL 613847

Recommendation:
I recommend that the School Board approve the Worker's Compensation claim #WL 613847 in the amount of $157,000 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 42 year old Bus Mechanic multiple injuries when the bus he was repairing fell off the lift striking him.  His left hand, knee and disk injuries ultimately resulted in an inability to continue in his position.  He was unable to qualify for any other positions due to physical limitations.  An award of permanent and total disability is expected.

The District has paid over $104,000 in medical benefits, wage loss and expenses to date.  Future exposure is estimated at over $400,000.  Excess reimbursement is not anticipated; the retention is $500,000 in accordance with the contract.

 The settlement will extinguish all future liabilities.

Financial Impact:
The financial  impact to the District for this settlement is $157,000.  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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