11/1/1988 - Laserfiche WebLink

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This is the rationale behind embarking on a self insured program. When a claimant files a claim he or she must give the County six months notice per Florida statute 768.28. During that time the County conducts its investigation. A lawsuit cannot be filed by claimant until the end of the six month period unless the claim has been denied pzior thereto. With discovery another six months to a year is usua]ily invloved. This would mean that a claim of any proportion would not even be paid until at least a year to two years if an appeal is taken. All that time the county could be accumulating interest on its own money held in its loss fund instead of paying out same in premiums. Below is a synopsis of the packages presented thus far and a reiteration at the end of renewal costs for insurance in place. FLORIDA LEAGUE OF CITIES General Liability - Includes Property and Auto Physical damage County N. Fire District S. Fire District No deductible $380,092 Included Included 1 million coverage includes Attorney fees and Claims Managment. 100,000 deductible $238,398 Included Included Attorney fees and Claims Management not included. No deductible $421,256 Included Included 1,500,000 Coverage includes Attorney fees and Claims Management. No deductible $446,588 Included Included 2,000,000 Includes Attorney fees and Claims Management. Deductible $279,562 Included Included 100,000 Does not include Attorney fees or Claims Management. 1,500,000 coverage. Deductible 100,000 Same as above but 2,000,000 coverage. No deductible Claims handling and Attorney fees included. 10V 1 �d8 $304,894 Included Included WORKER'S COMPENSATION County N. Fire District S. Fire District $526,218 Included Included 46 BOOK 75 F'AGE 46