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File #: 20-1579    Version: 1
Type: Agenda Item Status: Approved
File created: 11/17/2020 In control: Board of Supervisors
On agenda: 12/2/2020 Final action: 12/2/2020
Title: Human Resources Department, Risk Management Division, recommending the Board approve Medical Malpractice insurance coverage in the revised and increased amount from $237,481 to $265,215, and continue to authorize the Human Resources Department, Risk Management Division, to sign and approve all documents required to secure continued insurance coverage and programs for Fiscal Year 2020-21 in order to avoid lapse of coverage. FUNDING: Risk Management Internal Service Fund.
Attachments: 1. Attachment A - Invoice 12-2-20, 2. Attachment B - PRISM 12-2-20, 3. Attachment C - Previous Years' Increases 12-2-20
Related files: 20-0851, 21-0069, 21-0460
Title
Human Resources Department, Risk Management Division, recommending the Board approve Medical Malpractice insurance coverage in the revised and increased amount from $237,481 to $265,215, and continue to authorize the Human Resources Department, Risk Management Division, to sign and approve all documents required to secure continued insurance coverage and programs for Fiscal Year 2020-21 in order to avoid lapse of coverage.

FUNDING: Risk Management 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, pollution, crime, cyber liability, and airport operation exposures. 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.

Therefore, in July 2020 (Legistar #20-0851), the Board approved insurance coverage and programs for an estimated total amount of $7,176,731 and authorized the Human Resources Department, Risk Management Division, to sign and approve all documents required to secure continued insurance coverage and programs for Fiscal Year 2020-21 in order to avoid lapse of coverage.

The information specifically presented in relation to the Medical Malpractice Program is as follows: Provides coverage for alleged negligence arising from health care operations including clinics, hospitals, mental health, public health, jail clinics, and coroner operations. The County has a $10,000 deductible in this program. The estimated premium for FY 2020-21 is $237,481....

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