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Worker's Comp.
<br />(Includes County,
<br />North and South
<br />Fire Districts)
<br />No deductible
<br />Fla. League of Cities Schutt Arden -Waddell
<br />• Approx. 526,218
<br />General Liability Approx. 380,092
<br />(Includes Auto Liab- (County and
<br />ility and Auto Phys- NCFD)
<br />ical damage)
<br />County, North and
<br />South Fire Districts.
<br />No deductible
<br />Property - 58 million
<br />in county property.
<br />Boiler and machinery.
<br />$51000 deductible
<br />Accidental,
<br />Death statutory
<br />policies and North
<br />and South Fire
<br />Districts.
<br />$906,310
<br />84,687
<br />(SCFD)
<br />13,618
<br />14,458
<br />1,700
<br />54,780
<br />(County and
<br />NCFD)
<br />$114,463 $54,780
<br />Total premiums for 88-89 - $1,075,553 plus approximately $184,000
<br />in Florida League audits or $1,259,553.
<br />RECOMMENDATION
<br />Risk Manager recommends that the Board embark on a limited self
<br />insurance program. The Gallagher plan appears to offer the most
<br />coverage and least amount of risk for a start up program. Arthur
<br />J. Gallagher Company has been in business since 1927. Other
<br />counties presently participating in the program are Aluchua,
<br />Brevard, Broward, Clay, Citrus, Collier, Escambia, Manatee,
<br />Marion, Martin, Metro Dade, Monroe, Palm Beach, Seminole.
<br />If a property, Worker's Compensation and General Liability loss
<br />all occur atthe same time, the most the County will pay for any
<br />one occurence is $100,000.
<br />There is a $600,000 cap on losses which the County might pay
<br />which the other package plans do not offer.
<br />It would be approximately one to two years before a claim might
<br />be paid which goes -to trial.
<br />•
<br />The Risk Manager has discretion on any claim settled over $2,500.
<br />With present claims experience the County could accumulate over
<br />$1,600,000 in its own fund plus interest in four years. A total
<br />self insurance program could then be embarked upon without the
<br />need to join a pool or use bonds.
<br />ALTERNATIVES
<br />1. Renew present coverages for $1,155,315.
<br />2. Try the Florida League of Cities $100,000 deductible program
<br />which pays claims in excess of $100,000 when a claims bill or
<br />civil rights action is obtained. Settlements are not
<br />possible. Cost is approximately $949,038 which includes property
<br />coverage.
<br />3. Try the Schlitt package. Pays claims for property in excess
<br />of $5,000, Worker's Compensation in excess of $175,000 and
<br />General Liability $100,000. Does not rely on claims bill or
<br />civil rights action. Claims may be paid and settled without a
<br />lawsuit if the County so desires and excess carriers approve.
<br />Total cost is $370,245.
<br />NOV 1 1988
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<br />BOOK 75 FADE 49
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