Title
Ratify the insurance policies for FY 2018-19
Report
RECOMMENDATION:
It is recommended that the Monterey County Water Resources Board of Directors:
Ratify the insurance policies for FY 2018-19.
SUMMARY/DISCUSSION:
During FY 2018-19, the Monterey County Water Resource Agency (MCWRA) renewed the following policies:
a. Workers Compensation: The Agency continues under the County's worker Compensation program. The County is self- insured for $400,000 and insured by CSAC EIA.
A quote for a standalone Workers' Compensation policy for MCWRA was contemplated. Though MCWRA has an experience modifier of 114%, the premiums for a standalone fully-insured policy exceeds the amount required by MCWRA to participate in the County's Workers Compensation internal service fund (ISF).
b. General Liability: MCWRA has historically participated in the County's Self-insurance program with $1.5 million limit. During the FY 2018-19 renewal, the Agency was placed under a separate fully-insured policy with CSAC EIA for general liability which includes, EPLI, auto, directors and officers with the following limits:
* General Liability - up to $35 million
* Auto Liability - up to $35 million
* Directors & Officer (public officials) - up to $35 million
* Employers Practices Liability (EPLI) - up to $35 million
c. Pollution: WRA is insured through CSAC EIA for pollution with the following limits:
* Primary - $10 million
* Excess - $15 million
d. MCWRA properties are insured under the County's property program through CSAC EIA. The following shared/pooled limits are as follows:
* $800 million for all risk
* $600 million for flood
* $640 million for earthquake
All scheduled County properties are insured through the CSAC EIA program. Members participating in the property program are divided into 8 "towers". Each of these towers has been created to diversify the Program's risk, either geographically or by occupancy, to maximize capacity. Entities under each tower share the...
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