coverage: icrma alternate a b€¦ · pool self-insured retention $3,000,000 member retained limit...
TRANSCRIPT
www.icrma.org
18201 Von Karman, Suite 200, Irvine, CA 92612
Page 1 of 16
This information is provided as a resource and does not include all of the terms,
coverages, exclusions, and conditions. Read the entire MOC or policy for details.
Liability Program
COVERAGE: ICRMA Alternate
A
Alternate
B
Pool Self-Insured Retention $3,000,000
Member Retained Limit Member selected
from $100K to $3M
Automobile Liability (non-owned & hired) $30,000,000
Per member, per occurrence
Liability Program includes coverage for:
Law Enforcement Liability
Sexual Abuse
Drone Aircraft Liability (strict guidelines)
Public Officials’ E&O Liability
Employment Practices Liability
Liquor Liability
Employment Benefits Liability
$30,000,000
Per member, per occurrence
Various aggregates may apply
and clash coverage as
outlined. Refer to the
Memorandum of Coverage
(MOC) for complete terms.
Public Crisis Response coverage
Includes $50,000/event toward PR firm to
assist with communication
$300,000
First dollar coverage
Definition of Named Insured
Employees, Past & Present
Officials, Volunteers,
Councils, Commissions,
Agencies, Districts,
Authorities & similar Boards
Claim dispute resolution process
Claims Committee >
Governing Board >
Court system (see MOC)
Ability to select TPA YES
Ability to select defense counsel (from panel of
over 100 attorneys) YES
City Attorney firm may serve on defense panel YES
Structured Settlement and Expert Witness
resources YES
Litigation Management Policies & Procedures YES
Government Code Section 984 applicable? YES
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18201 Von Karman, Suite 200, Irvine, CA 92612
Page 2 of 16
This information is provided as a resource and does not include all of the terms,
coverages, exclusions, and conditions. Read the entire MOC or policy for details.
Workers’ Compensation Program
Coverage ICRMA Limits Alternate
A
Alternate
B
Limit of Liability - any one loss Statutory
Employer’s Liability Coverage - any one loss $2,000,000
ICRMA Self-Insured Retention $3,000,000
Member Retained Limit Member selected: $350K,
$500K, $750K, or $1M
Labor Code 4850 Benefits Included YES – up to $3M SIR
Incidental Longshoremen’s & Harbor Workers’
Compensation Act Coverage Included
Domestic or International Crisis Management
Expenses Up to $50,000 Annual Agg.
Nurse Triage - injured employee or supervisor
reports claim, receive first aid advice,
recommended course of action, assessment of the
injury, and answers to questions
YES
Vendor: Company Nurse
Structured Return to Work Program YES
Ability to select TPA YES
Utilization Review and Bill Review Varies by Member TPA
ScripNet Prescription Cards Varies by Member TPA
Ability to select defense attorney YES
Covered Parties
Employees and officers
Volunteers if resolution
adopted
Coverage provided outside of California
YES
Members reimbursed up to the
amount payable under CA WC
law, regardless of jurisdiction
selected by the employee
Department of Industrial Relations (DIR)
Assessment
Included
ICRMA coordinates reporting
& payment for the members
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18201 Von Karman, Suite 200, Irvine, CA 92612
Page 3 of 16
This information is provided as a resource and does not include all of the terms,
coverages, exclusions, and conditions. Read the entire MOC or policy for details.
Property – Including Earthquake & Flood
Coverage ICRMA Alternate
A
Alternate
B
Property Appraisals
YES
ICRMA coordinates;
performed every 5 years
Property coverage Per terms of manuscript
policy form
Real and Personal property of every kind and
description, for All Risk of Direct Physical perils,
loss or damage, subject to policy terms &
exclusions.
$125,000,000
Per Occurrence
Full Replacement Cost –
Real & Personal Property
Earthquake Sprinkler Leakage included Actual Cash Value –
Unscheduled Vehicles
Deductible (member selected): $10,000 - $100,000
Coinsurance, Margin Clause or Cap on Recovery No
Flood, including Wave Wash, in Special High
Hazard Flood Zones
$75,000,000
Per Occurrence &
Annual Aggregate
$100,000 deductible
Earth movement including: $135,000,000*
(Deductible 5% of TIV at
risk at the time of loss at
each location, subject to
a minimum of $100,000
per occurrence)
*PML based on 500 Year
Return Period
Earthquake
Landslide
Earth Sinking
Rising
Shifting
Sinkhole Collapse
Mine Subsidence
Sublimits include, but are not limited to:
Law & Ordinance Included
Course of Construction $25,000,000
Newly Acquired Property (365 days to report) $25,000,000
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18201 Von Karman, Suite 200, Irvine, CA 92612
Page 4 of 16
This information is provided as a resource and does not include all of the terms,
coverages, exclusions, and conditions. Read the entire MOC or policy for details.
Property – Including Earthquake & Flood, continued
Coverage ICRMA Alternate
A
Alternate
B Errors & Omissions $25,000,000
Revenue Interruption $10,000,000
Unnamed Locations $2,000,000
Rented Mobile Equip./Contractors Equip. $5,000,000
Fine Arts $2,000,000 / $100,000
per item
Traffic Signals $2,500,000
Mold / Fungus $2,500,000
Police & Fire Dogs $20,000 per dog
Police Horses $50,000 per horse
Deductibles:
$2,500 Fine Arts,
$5,000 Trees & Shrubs,
Rented Equipment
All other Losses:
$10,000 per occurrence
(Redondo Beach-
$100,000;
Downey-$50,000)
Boiler & Machinery – Equipment Breakdown
Total Limit Per Breakdown –
Repair or Replacement Value for Property
Damage
$250,000,000 -
Combined single limit
Actual Loss Sustained for BI & Extra Expense
Newly Acquired Property (365 days to report) Included
Business Income Included
Expediting $2,000,000
Ammonia Contamination $1,000,000
Data and Media $1,000,000
Consequential Loss $1,000,000
Green Upgrades 25% of the PD
Loss/$100,000 Max.
Errors and Omissions Included
Expediting Expenses $2,000,000
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18201 Von Karman, Suite 200, Irvine, CA 92612
Page 5 of 16
This information is provided as a resource and does not include all of the terms,
coverages, exclusions, and conditions. Read the entire MOC or policy for details.
Property – Including Earthquake & Flood, continued...
Coverage ICRMA Alternate
A
Alternate
B
Boiler & Machinery – Equipment Breakdown continued…
Fungus, Wet Rot and Dry Rot $250,000
Newly Acquired Premises Included/365 Days
Ordinance or Law $5,000,000
Spoilage Damage $1,000,000
Water Damage $1,000,000
Deductible – Property Damage $10,000
Spoilage $10% or $10,000 (the
greater)
Business Interruption/Extra Expense 1 Times Daily Value
Utility/Business Interruption - Extra Expense 1 Times Daly Value
Utility Interruption - Waiting Period 24 Hours
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18201 Von Karman, Suite 200, Irvine, CA 92612
Page 6 of 16
This information is provided as a resource and does not include all of the terms,
coverages, exclusions, and conditions. Read the entire MOC or policy for details.
Property – Excluding Earthquake & Flood
Coverage ICRMA Alternate
A
Alternate
B
Property Appraisals
YES
ICRMA coordinates;
performed every 5 years
Property – per terms of AFM policy form
All Risks of Direct Physical Loss or Damage to
Real Property, Personal Property, Equipment
Breakdown, Business Interruption including
coverage extensions, subject to policy terms &
exclusions.
$700,000,000
Per Occurrence
Full Replacement Cost –
Real & Personal Property
Coinsurance, Margin Clause or Cap on Recovery No
Earthquake Sprinkler Leakage Included
None
Flood
Sublimits include, but are not limited to:
Course of Construction Included
Increased Cost of Construction & Demolition Included
Decontamination Costs Included
Newly Acquired Property (365 days to report) $20,000,000
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18201 Von Karman, Suite 200, Irvine, CA 92612
Page 7 of 16
This information is provided as a resource and does not include all of the terms,
coverages, exclusions, and conditions. Read the entire MOC or policy for details.
Property – Excluding Earthquake & Flood, continued
Coverage ICRMA Alternate
A
Alternate
B
Revenue Interruption $15,000,000
Errors & Omissions $10,000,000
Business Interruption $10,000,000
Unnamed Locations $5,000,000
Misc. Unscheduled Equip./Contractors Equip. $5,000,000/
$100,000 Per Occ.
Fine Arts $100,000 per item/
$10,000 per Irreplaceable Item
Traffic Signals $1,000,000
Police & Fire Dogs $20,000 per dog
Police Horses $50,000 per horse
Terrorism Included
Deductibles:
Off Premises Service Interruption – PD $10,000
Off Premises Service Interruption – BI 24 hour waiting period
Data, Programs, or Software & Computer
Systems Non-Physical
$10,000 & 48 hour waiting
period
Contractor’s Equipment incl. Rented Mobile
Equipment $5,000
Leased Office Equipment $5,000
All Other Losses $10,000
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18201 Von Karman, Suite 200, Irvine, CA 92612
Page 8 of 16
This information is provided as a resource and does not include all of the terms,
coverages, exclusions, and conditions. Read the entire MOC or policy for details.
Crime
Coverage ICRMA Limits &
Deductible
Alternate
A
Alternate
B
Government Crime Policy form
Employee Theft $3,000,000 / $15,000
Inside the Premise – Theft of Money &
Securities $3,000,000 / $15,000
Inside the Premise – Robbery or Safe Burglary
of Other Property $3,000,000 / $15,000
Forgery Or Alteration $3,000,000/ $15,000
Outside the Premise $3,000,000/ $15,000
Computer Fraud $3,000,000/ $15,000
Funds Transfer Fraud $3,000,000/ $15,000
Funds Transfer – False Pretense
(Social Engineering) $50,0000/ $5,000
Credit, Debit or Charge Card Forgery $3,000,000/ $10,000
Money Orders and Counterfeit Money $3,000,000/$5,000
Faithful Performance $1,000,000/$10,000
Definition of Named Insured
Employees, Officers,
Volunteers, Bonded Positions
including Treasures and Tax
Collectors
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18201 Von Karman, Suite 200, Irvine, CA 92612
Page 9 of 16
This information is provided as a resource and does not include all of the terms,
coverages, exclusions, and conditions. Read the entire MOC or policy for details.
Cyber
Coverage ICRMA Limits Alternate
A
Alternate
B
Privacy Liability $2,000,000 Per Occ./
$5,000,000 Pool Agg.
Data Breach Fund (with use of approved
vendors)
$2,000,000 Per Occ./
$5,000,000 Pool Agg.
Internet Media Liability $2,000,000 Per Occ./
$5,000,000 Pool Agg.
Network Extortion $2,000,000 Per Occ./
$5,000,000 Pool Agg.
Network Security Liability $2,000,000 Per Occ./
$5,000,000 Pool Agg.
Business Interruption $2,000,000 Per Occ./
$5,000,000 Pool Agg.
Services include: 24/7 access to data breach
coach
Data breach team panel:
legal, computer forensic,
notifications, call center,
public relations, crisis
communications, fraud
consultation, credit
monitoring, fraud alert,
identity restoration advice.
Assistance with providing
sample IT policies
Deductible
$10,000
8 hour waiting period before
business interruption coverage
begins
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18201 Von Karman, Suite 200, Irvine, CA 92612
Page 10 of 16
This information is provided as a resource and does not include all of the terms,
coverages, exclusions, and conditions. Read the entire MOC or policy for details.
Auto Physical Damage
Coverage ICRMA Limits Alternate
A
Alternate
B
Vehicles Per schedule on file
All Risk coverage for scheduled Vehicles
Including Specialized Equipment included in
values and Contractor’s Equipment, against
Collision, Upset or Overturn of a vehicle, or
comprehensive unless caused by a peril excluded.
Coverage applies to Owned, Rented & Leased
Vehicles
No requirement to insure all Vehicles
Vehicle Deductible Options:
Contractor’s Equipment:
$10,000,000
Per Occurrence
Replacement Cost
all units regardless of age
Up to 125% of scheduled
value
(minimum 75% scheduled
value required per unit)
$5,000 or $10,000
$5,000
Earthquake & Flood Included
Newly Acquired Vehicles Up to $1,000,000
(No reporting required)
Towing & Labor Costs $25,000
Rental Reimbursement $500 per day/ $10,000 max.
Pollutant Cleanup and Removal $10,000
Borrowed or Loaned Vehicles Included per written contract
up to $1,000,000
Leased and Rented Contractor’s Equipment $50,000 per item &
per occurrence
Blanket Contractor’s Equipment $1,000,000 max. per item
Equipment Leased from others $100,000 per item
$100,000 per occurrence
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18201 Von Karman, Suite 200, Irvine, CA 92612
Page 11 of 16
This information is provided as a resource and does not include all of the terms,
coverages, exclusions, and conditions. Read the entire MOC or policy for details.
Governance
Item ICRMA Estimated
Value/Cost Alternate A Alternate B
Self-insured program rating basis Payroll & loss
experience
Dividends/assessments may be
levied in self-insured programs?
YES, at least five
years after the
program year
Number of pool members 18
Average payroll per member
$24.9M
(range $6.8M -
$45.3M)
Average population
70,000
(range 17,000 –
137,000)
Members with police departments 94% (17 of 18)
Members with fire departments 50% (9 of 18)
CAJPA Accredited YES
with Excellence
Efficiency and Convenience
YES
ICRMA handles
annual insurance
renewals, claims
audits, actuarial
services, and vendor
coordination
Additional Programs Offered
YES
Special Events,
SPARTA (small
contractors
program), stand-
alone placements
available
Minimum Commitment Period 3 years
Withdrawal Notice Requirement 7 months (12/1)
Withdrawal penalties No
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18201 Von Karman, Suite 200, Irvine, CA 92612
Page 12 of 16
This information is provided as a resource and does not include all of the terms,
coverages, exclusions, and conditions. Read the entire MOC or policy for details.
Governance continued…
Item ICRMA Estimated
Value/Cost Alternate A Alternate B
Governance:
Board
6 meetings/year
Every member is
active/engaged
Active Claims Committee
6 meetings/year
-
Hoc Committee
YES
Member Ownership
Board retains decision-making
rather than delegating to Executive
or Administrative Committee
YES
City directs litigation within its
retained limit YES
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18201 Von Karman, Suite 200, Irvine, CA 92612
Page 13 of 16
This information is provided as a resource and does not include all of the terms,
coverages, exclusions, and conditions. Read the entire MOC or policy for details.
Additional Services
Item ICRMA Estimated
Value/ Cost Alternate A Alternate B
Services contracted
Pool administrator
Liability and WC
program managers
Financial services
Financial auditor
Investment advisor
Actuary
Claims auditor
Coverage
counsel/general
counsel
Broker
Nurse triage
provider
Pre-employment
physical
evaluations
provider
Litigation Management /
Claims oversight
Included
Biannual claim
reviews between
ICRMA, City, TPA
adjuster, and
defense attorneys
Claims Audit
Biennial claim audits
of member Liability
and WC TPAs
Included
$5,000
annually
Annual Actuarial Analysis
Included
ICRMA funds
performance of
individual studies for
each member
$8,000 -
$10,000
Annually
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18201 Von Karman, Suite 200, Irvine, CA 92612
Page 14 of 16
This information is provided as a resource and does not include all of the terms,
coverages, exclusions, and conditions. Read the entire MOC or policy for details.
Additional Services continued…
Item ICRMA Estimated
Value/ Cost Alternate A Alternate B
Website
Interactive website
with training
resources and risk
management content
Webinars Hundreds of online
modules available
ICRMA University In-person trainings
Learning Management System
Supervisors assign
training and track
attendance
Rent a Risk Manager Provides project-
based expertise
Evidence of coverage letters
Submitted online;
letters generated by
administrator
Template policies available Liability & WC
Loss control budget
$315,378
(programs &
services only; does
not include
salaries/benefits)
$17,521
annual
average per
member
Contract review Included
Loss control services
Included
Robust, customized
services
Pre-employment medical Screening
management
Included
Services provided by
Occu-Med
$2,000 -
$6,000
Annually
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18201 Von Karman, Suite 200, Irvine, CA 92612
Page 15 of 16
This information is provided as a resource and does not include all of the terms,
coverages, exclusions, and conditions. Read the entire MOC or policy for details.
Additional Services continued…
Item ICRMA Estimated
Value/ Cost Alternate A Alternate B
Online Renewal and Exposure
Tracking
Members complete
renewal apps & update
property schedules online
Included
Ergonomic Evaluations-
Online or office
assessments through
Remedy Interactive
Included
Scholarship Fund
Members may use
toward approved
conferences such as
PARMA, PRIMA,
AGRiP, CAJPA
Estimated at
$2,500 per
person (up to
3 attendees
per member)
Risk Management Fund
Included
Members may use
toward any risk
management purpose
Up to $5,000
per year
contribution;
capped at
$25,000
Nurse Triage - injured
employee or supervisor reports
claim, receive first aid advice,
recommended course of action,
assessment of the injury, and
answers to questions
YES
Vendor: Company Nurse
$5,000+
approximate
annual value
Structured Return to Work
Program YES
$15,000+
approximate
annual value
Enquiron
Included
Employment related legal
advice
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18201 Von Karman, Suite 200, Irvine, CA 92612
Page 16 of 16
This information is provided as a resource and does not include all of the terms,
coverages, exclusions, and conditions. Read the entire MOC or policy for details.
Cost of Coverage – Member Name
Line of Coverage ICRMA Alternate A Alternate B
Liability Program
Limit - $30,000,000
Member Retained Limit
($100,000-$6,000,000)
Workers’ Compensation*
Limit - Statutory
Member Retained Limit
($350,000-$1,000,000)
Property Program + Earthquake & Flood
TIV all risk
Limit all risk
Deductible
or
TIV EQ+F
Limit EQ+F
Deductible
Crime
Deductible - $5,000
Cyber
Deductible - $25,000
Auto Physical Damage
Deductible - $5,000/$10,000
TOTAL:
Are all services provided by ICRMA included
within the price listed?
If not, please attach another page which lists all
services not included.
Yes/No
*ICRMA members pay a DIR Assessment as part of the workers’ compensation program. This assessment is
levied by the State based upon indemnity payments.
OTHER COVERAGE:
Difference in Condition (DIC): 5% of TIV at time of loss for each unit, subject to $100,000 Minimum