CWC insurance rates to rise only slightly

Oct 11, 2017 By Katie Roenigk, Staff Writer

Property and liability insurance will go up slightly this year for Central Wyoming College.

The school's insurance agent believes CWC is getting a good value for its money, however.

"In my professional opinion, we have CWC in the very best markets that combine superior coverage with the lowest premiums available in all markets that will offer in Wyoming," Curt Paxton of Tegeler and Associates wrote in a memo presented to the CWC Board of Trustees.

His agency has worked for CWC since September 2013 and was chosen as the college's insurance agent again this year.

The board requests bids for the job every three to five years. Willie Noseep, CWC's vice president for administrative services, said Tegeler was the only company to offer a quote for the period from Oct. 1, 2017, through Sept. 30, 2018.


CWC's premiums this year will cost about $283,770 - an increase of 3 percent, or about $5,900, from last year.

Rates that went up include commercial property insurance, which rose from about $69,920 to about $71,260; educators legal liability, which rose from $37,805 to $39,280; cyber liability, which rose from $2,900 to $6,140; umbrella liability, which rose slightly from about $7,520 to almost $7,900; commercial auto insurance, which rose from almost $12,820 to about $13,350; and broadcasters liability, which rose from about $5,840 to $6,125.

Two premiums fell this year: The equipment policy went down from about $72,710 to $68,540, and nursing professional insurance fell slightly from about $2,690 to about $2,610.

Other rates stayed the same, including the premium for crime insurance (almost $1,540), general liability (about $21,780), board member and volunteer insurance ($500), the athletic accident policy (about $33,130) and the athletic accident umbrellas policy (about $11,610).