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GALLAGHER - BASSETT General Liability (Includes Property, Public Officials and Auto) and Worker's Compensation County N. Fire District S. Fire District 100,000 . $638,000 Included Deductible does not include claims service or Attorney fees which are con- sidered part of claim. One million limit. Included The above program operates so that the County keeps the remaining money budgeted for insurance or approximately $600,000 in an insurance claims fund accumulating interest. When claims are paid a bill is sent to Finance. The Risk Manager can approve or disapprove claims to be paid over $2500. The most the County could pay in one year is the $600,000 that was budgeted for insurance, Plus $638,000 premium totalling $1,238,000.Ueductib14.above experienced loses. When the $600,000 is used, aggregate coverage kicks in to cover claims on a dollar one basis up to onemillion for five more claims. The County would have to have over eleven different occurrence losses (different times) over $100,000 in order to pay anything toward a claim. The past four years experience has not indicated that this is likely and is the basis upon which insurance companies rate exposure and figure premiums. The average paid over the past four years for all types of coverage is $135,000. The possibility of eleven catastrophic losses ever occuring in one year is minimal as all insurance agents who have submitted package plans are aware. The same scenario could occur with any of the other plans submitted. With Florida League of Cities, a claims bill which might exceed one million would be paid by the County. In other words if a claims bill was returned for five million, the Florida League would pay one million, leaving four million to be paid by the County. Where a small child loses an eye or limb that possibility is always present. The Schlitt program would work similar except that the limits are $1,500,000. Claims are not paid however based on a claims bill. For example if a County driver hits and kills a small child and the parents file a wrongful death action, the County may want to settle this for $500,000. This would be possible under the Schlitt program. The county would pay $100,000. Insurance would pay $400,000. Under. the Florida League program, the County could not settle a claim and be compensated by the League. It would have to be a judgement predicated by a claims bill or civil rights action. If present coverages are renewed, the cost is as follows: 48 N Q V 11988 BOOK 75 F'a;E 48