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 General Liability Insurance
End
RECOMMENDATION(S)
Recommendation
1. Approve the renewal of the County's Excess General Liability Insurance Program through the Public Risk Innovation, Solutions, and Management (PRISM), as recommended by Alliant Insurance Services, Inc., with shared coverage limits of $50 million, inclusive of $3.0 million self-insurance retention and $2.0 million corridor, for a total premium cost of approximately $15,550,000, for the period of July 1, 2021 through July 1, 2022 as follows:
a. $25 million, inclusive of $3.0 million self-insurance retention and $2.0 million corridor, through the General Liability II Program of the PRISM, for a total premium of approximately $14,074,000.
b. $25 million limit in excess of $25 million underlying General Liability II layer, through the Optional Excess Liability Program of the PRISM, for a total premium of approximately $1,476,000.
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 $15,550,000 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 will be included in the DRM's 2020-21 recommended budget.
BACKGROUND INFORMATION
The DRM adminis...
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