2006 Office of Risk Management Regional Conference
description
Transcript of 2006 Office of Risk Management Regional Conference
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20062006Office of Risk Office of Risk ManagementManagement
Regional ConferenceRegional Conference
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Offi ce of Risk Management 2006 Regional Confer ence
8:00-8:30 Registration and Coffee/Pastries 8:30-9:00 Introduction
9:05 – 10:35
Claims Handling: Workers Compensation Claims Handling: Automobile Liability, Automobile Physical Damage
AND Claims Handling: Property, Bonds, Crime
10:40-11:55
Attorney General’s Office Exposure Reporting 11:55-1:15 Lunch on your own 1:15-2:30
Claims Handling: Commercial General Liability, Personal Injury, Medical Malpractice Loss Prevention
2:35 – 3:50
Hurricane Losses: Risk Management & FEMA (Q&A Panel)
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The Office of Risk Management
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ORM Statute
LA R.S. 39:1535
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Administrative Code
www.state.la.us/osr/lac/books.htm
Title 37, Insurance
Amended May 2004
Compiled September 2004
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ORM WEBSITE
www.doa.louisiana.gov/orm
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AffiliationsSTRIMA NSCNSC
PRIMA LABI AGANIGP IRMI
PIA of LA NAAGFOA IIA of LA
RIMS ISO
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Office of Risk Management
Lines of Coverage
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Description of Coverages
www.doa.louisiana.gov/orm/Uwcov.htm
Catalog of Insurance
Coverages and Services
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Commercial General Liability
Public “Slip & Fall” Policy Coverage for bodily injury and property
damage Broad coverage with specific exclusions No deductible
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Personal Injury & Advertising Liability
Part of CGL Covers non-bodily injury liabilities
– False arrest– Wrongful entry or eviction– Libel– Slander
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Medical Malpractice
Coverage for negligent acts of State medical professionals
No deductible
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Road & Bridge HazardDOTD ONLY
Coverage for claims involving poorly designed or repaired roads
No deductible
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Automobile Liability &Physical Damage
Liability– Automatic coverage– Primary BI & PD coverage for all State
vehicles– No deductible
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Automobile Liability &Physical Damage cont.
Physical Damage– Coverage for State-owned or leased
vehicles only– Reimbursement of deductible on personal
vehicles used on State business– Deductibles:
• $1,000 Comprehensive• $1,000 Collision
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Aviation & Airport
All aircraft must be reported! Non—owned aircraft exposures Airport Hangarkeepers Liability
Coverage Available Deductibles
– $1,000 Hull– No deductible Liability
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Wet Marine
All watercraft over 26 feet must be reported!
Deductibles– $1,000 Hull– No deductible P&I
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Workers’ Compensation
Statutory & Maritime Medical payments and weekly
compensation payments for injured employees
Worldwide coverage Volunteers eligible for medical
payments only No deductible
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Miscellaneous Tort
Excess coverage above liability policy limits
Coverage for claims not included in any other policy
No deductible
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Bond
Covers theft by employees S/I $500,000 $1,000 deductible Includes:
– Property manager– Notary– Postal bond– Public official
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Crime
Covers robbery and safe burglary Employees not covered here S/I $2,000,000 $1,000 deductible
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Property
Building structures Office equipment Fine arts Animals Mobile equipment Boats under 26 feet and motors $1,000 deductible
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Builder’s Risk
Covers
- structures during construction
- materials/supplies on & off site Protects state agency & contractor July 1, 2004 Self-Insured $1,000/$5,000 deductible Ceased accepting new projects
January 1, 2006
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Boiler & Machinery
Property coverage S/I $50,000 any one accident Excess $15 M Business income / extra expense $1,000 deductible – 1st party property
damage