Title
Human Resources Department, Risk Management Division, recommending the Board:
1) Approve the County’s insurance renewal of the County Service Area 2 and 9 Special Liability Insurance Program (SLIP) for an amount of $27,675.28, with payment covering a period retroactive to September 29, 2019, through September 29, 2020; and
2) Authorize the Human Resources Department, Risk Management Division, to sign and approve all documents required to secure continued SLIP insurance coverage for Fiscal Year 2019-20.
FUNDING: Internal Service Fund.
Body
DISCUSSION/BACKGROUND
The County faces a complex array of risks that can result in severe or catastrophic loss. Purchasing insurance helps protect the County from catastrophic general liability claims, automobile accidents, and workers' compensation injuries. Additionally, purchasing insurance protects the County from loss due to damage or destruction of County assets. The County procures a variety of insurance policies and programs to mitigate and transfer exposures to catastrophic loss. By securing these risk mitigating and transfer mechanisms, the County is better positioned to protect assets and personnel for the fulfillment of its services, objectives, and Strategic Plan.
The County utilizes its participation in California State Association of Counties - Excess Insurance Authority (CSAC-EIA) in conjunction with professional insurance brokerage services to place a variety of commercial insurance policies to protect the County. While requesting the Board to authorize the Risk Management Division to renew insurance coverage and programs is normally an annual request, it has come to our attention that one was inadvertently omitted.
As such, the Risk Management Division has evaluated each of the insurance programs in terms of potential loss, coverage, self-insured retentions, deductibles, and policy limits, and recommends the renewal purchase of the insurance program described below.
Special Liability Insurance Pro...
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