Nevada Public Agency Insurance Pool & Public Agency Compensation Trust.
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Transcript of Nevada Public Agency Insurance Pool & Public Agency Compensation Trust.
![Page 1: Nevada Public Agency Insurance Pool & Public Agency Compensation Trust.](https://reader034.fdocuments.net/reader034/viewer/2022042608/56649e2e5503460f94b1e50c/html5/thumbnails/1.jpg)
MAGNIFYING MISSION
AND MESSAGE
TO MEMBERS
Nevada Public Agency Insurance Pool
&
Public Agency Compensation Trust
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MISSION
The POOL/PACT member services consortium provides responsive risk and management resources for public agencies.
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MISSION
We Excel In: Innovative solutions that help
Members serve the Public Financial strength, security and
durability Cost effective risk sharing and
financing Interactive claims service Member networking and
resource sharing
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MISSION
We Are:Member-governedStewards of public assetsCommitted to quality member
servicesFocused on the future
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VISION
Every Member actively manages the risks encountered as a public agency. Membership is a privilege earned by effective agencies committed to sharing resources to benefit their employees and the public they serve.
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MOTTO
We deliver public agency risk management solutions.
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GOALS:
To incorporate risk management into member management strategies.
To sustain financial strength to meet our commitment to Members.
To deliver innovative education, training and support as a primary service.
To grant membership privileges to public agencies who demonstrate commitment to our Mission and Vision.
To provide stunning, sustainable service.
To share resources between Members so that all succeed.
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HOW DO WE DO IT? How is risk management incorporated
into your management strategy? What does it mean to provide your
entity with financial stability? What training resources does your entity
utilize? What are the membership privileges? What are the shared resources?
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TWENTY EXAMPLES OF HOW WE DO IT AT POOL/PACT
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1. MEMBER OWNERSHIP
• Interlocal Cooperation Agreement• Long Term Financial Strategy
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2. REPRESENTATION
Our board of directors is appointed by YOU.
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3. YOUR ISSUES ARE OUR ISSUES
Our risk solutions are tailored to our members
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4. CONSULTING SERVICES Human Resources Risk Management Law Enforcement School Board Legal Contractual Review/Legal Review
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5. CLAIMS PHILOSOPHY• Quarterly Loss Runs Sent to Member and Agent
• Claims Adjusting and Litigation Management Services
• Members Involved in Settlement Decisions
• Litigation Strategy Workshops with House and Outside Counsel
• On-line Access to Claims Data
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6. EXPERTISE
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7. ACCESIBILITY
Local Representatives
Unlimited access
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8. STABILITY
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9. AGRIP STANDARDS RECOGNITION
Nevada Public Agency Insurance Pool & Public Agency Compensation Trust first received standards recognition in 1996 and has continuously met the standards after review by AGRIP every three years since then.
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10. REINSURANCE STABILITY
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11. POOLED RISKS = POOLED POWER Pools were Created By and For Nevada
Local Governments Only
Combined Buying Clout
Broad Array of Coverage, Limits
Employment Practices
Earthquake, and Flood
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12. TRAINING, TRAINING AND MORE TRAINING
Employment Related OSHA required POST Emergency Medical Dispatcher
Certification Department of Education
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AND MORE TRAINING
• Public Officials Liability Workshop• Positive Governance Workshop• Board Member Orientation• Board Retreats and Strategic Planning• Open Meeting Law Workshop• Board Ethics Workshop
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13. AND E-LEARNING!
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14. MORE THAN JUST TRAINING Property Appraisals Fire Department Asset Appraisals Boiler Inspections Swimming Pool Inspections Thermographic Imaging Respirator Fit Testing ADA Compliance Surveys Premises Safety Surveys
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15. WE’RE INVOLVED
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16. LOSS CONTROL EXCELLENCE
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17. RISK MANAGEMENT GRANT
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18. SHARED RESOURCES
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19. WEB BASED RESOURCES
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YOU CAN CALL WAYNE
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WHAT IS A MEMBER’S ROLE? Since Members own the pools, Members
work together to strengthen the pools Retention of members to sustain the pools Hold each other accountable for the pools’
success Develop and understand the services Active Participation in sessions / training Communicating about the pools and the
services to others Understand the value of the complete
program
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PROGRAM PRICING
Board Selects Renewal Program and Options
Actuary and Staff Review Exposures and Claims Experience Over Five Year Cycles
POOL Allocation Formulas Use Multiple Factors: Property Values, Payroll, Net Operating Expenditures, Police Officers, Vehicles, Etc.
Claims Experience and Deductible Level Are Factored in Rating Plan
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EDUCATION & TRAINING How can we magnify the mission and
message to Membership within your organization?
How do we get the resource message out to the Membership?
What type of training and promotion of programs do you want presented?
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MAGNIFYING THE MESSAGE It is a Risk Management package
vs. a transfer of risk (insurance policy)
Actively participate amongst your peers
Consider how the POOL has changed your entityLosses, Exposures, Stabilization
MEMBER Driven: MEMBERS making decisions on behalf of MEMBERS
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POOLING MATH Review of the basic pooling
Algebra Equation Assumptions:
X = Transfer of Risk Y = Risk Management ServicesC = Claims
Z = Total Program Cost X + Y + C = Z
Z = NPAIP & PACT Efforts / Accomplishments
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THE POOL REFLECTS ITS MEMBERSDo the math!
Photo courtesy of Rick Hudson