Argos School Board members considered an ESCRFT rate renewal for 2019 when they met this week.
ESCRFT stands for Educational Service Centers Risk Funding Trust. According to the Northern Indiana Educational Services Center, ESCRFT is an insurance risk pool that was formed to provide property, casualty and workers compensation insurance to its members.
Superintendent Ned Speicher explained that ESCRFT covers the liability and transportation aspects of their insurance. He noted that this year, due to how the school corporation fared with claims, they saw a 15 percent reduction to the cost of their insurance package.
Speicher said school officials were very pleased with the decrease and that board members unanimously approved the rates for 2019.
