REPORT/RECOMMENDATION TO THE BOARD OF SUPERVISORS
OF THE COUNTY OF SAN BERNARDINO
AND RECORD OF ACTION
June 8, 2021
FROM
LEANNA WILLIAMS, Director, Department of Risk Management
SUBJECT
Title
Renewal of Excess Workers' Compensation Insurance
End
RECOMMENDATION(S)
Recommendation
1. Approve the renewal of the County's excess workers' compensation insurance program through Public Risk Innovation, Solutions, and Management (PRISM), as recommended by Alliant Insurance Services, Inc., with statutory coverage limits in excess of $2.0 million self-insurance retention, and $5.0 million employer's liability coverage, for a total premium of approximately $3,684,000, for the period of July 1, 2021 through July 1, 2022.
2. Authorize the Director of Risk Management to execute the binding order on behalf of the County.
(Presenter: LeAnna Williams, Director, 386-8621)
Body
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.
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 $3,684,000, will be paid from the Department of Risk Management's (DRM) workers' compensation self-insurance funds (4082 and 4104), and will be recovered through Board of Supervisors (Board) approved rates charged to County departments and Special Districts. Sufficient appropriation will be included in the DRM's 2021-22 recommended budget.
BACKGROUND INFORMATION
The DRM administers the County's self-insurance programs for public liability and workers' compensation claims as well as procures excess insurance policies to provide additional protection for the County by transferring risk at the upper limits of the programs. The recommended renewal of the excess workers' compensation insurance program will maintain a self-insured retention (SIR) ...
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