REPORT/RECOMMENDATION TO THE BOARD OF SUPERVISORS
OF SAN BERNARDINO COUNTY
AND RECORD OF ACTION
May 23, 2023
FROM
VICTOR TORDESILLAS, Director, Department of Risk Management
SUBJECT
Title
Renewal of Excess General Liability Insurance Program
End
RECOMMENDATION(S)
Recommendation
1. Approve the renewal of the County's Excess General Liability Insurance Program through Public Risk Innovation, Solutions, and Management, with coverage limits of $50,000,000, for a total premium cost of approximately $25,159,000, for the one-year period of July 1, 2023, through July 1, 2024 as follows:
a. $25,000,000 limit, inclusive of $3,000,000 self-insurance retention and $2,000,000 aggregated loss corridor, through the General Liability II Program of Public Risk Innovation, Solutions, and Management, for a total premium of approximately $21,743,000.
b. $25,000,000 limit in excess of $25,000,000 underlying General Liability II Program, through the Optional Excess Liability Program of Public Risk Innovation, Solutions, and Management, for a total premium of approximately $3,416,000.
2. Authorize the Director of Risk Management to execute the binding order on behalf of the County.
(Presenter: Victor Tordesillas, Director, 386-8621)
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COUNTY AND CHIEF EXECUTIVE OFFICER GOALS & OBJECTIVES
Operate in a Fiscally-Responsible and Business-Like Manner.
Pursue County Goals and Objectives by Working with Other Agencies and Stakeholders.
FINANCIAL IMPACT
Approval of this item will not result in the use of additional Discretionary General Funding (Net County Cost). The total premium of approximately $25,159,000 will be paid from the Department of Risk Management's (DRM) liability self-insurance funds and will be recovered through Board of Supervisors (Board) approved rates charged to County departments and Special Districts. Sufficient appropriation and revenue will be included in DRM's 2023-24 Recommended Budget.
BACKGROUND INFORMATION
DRM administers the Cou...
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