Transcript IASB Safety Group meeting

IASB SAFETY GROUP MEETING
2010
Agenda
2
Introduction
Iowa Association of School Boards
Competition
Features of Successful Long-term Program
Coverage:
•Loss of Income/Extra Expense
•Flood/Earthquake/Other Coverages
EMC Services
Break
Green Coverages
Expanded Features:
•Local Agents
•Price/Dividend
•Managing General Agent (MGA)
Frequently Asked Questions
Construction AccidentNortheast Hamilton CSD
3
Wall falls, kills worker at construction site
the des moines register • April 3, 2010
Blairsburg, Ia. - Hamilton County officials say a 57-year-old Clarion man has died after a
concrete block wall at a school construction site in Blairsburg fell on top of him. Sheriff
Dennis Hagenson said construction worker David Thompson was killed at about noon
Friday while he worked on an addition to the Northeast Hamilton Elementary School. The
wall was 18 feet tall and at least 12 feet wide.
Officials with Iowa Occupational Safety and Health Administration and the state fire
marshal's office are investigating.
Construction AccidentNortheast Hamilton CSD
4
Loss to building addition due to collapsekilled one employee contractor
Insurance Issues:
1. Building
a. Builders Risk Insurance?
b. Coverage for Extra Expense due to delays
c. Soft Costs?
2. Contractor
a. Insurance Requirements
b. Work Comp
c. Waiver of Subrogation
d. Insurance Certificate on file?
Employee EmbezzlementLoss of $587,000
5
Insurance Issues:
1. Can loss be proven to submit proof of loss?
2. Amount of Fidelity Bond
3. School funds on property of others?
4. Loss went on for 7 years.
Competition
6
A case study of a recent bid situation
1. Failed to accurately describe current coverage.
2. Lack of detailed proposal analysis on key items
3. So called price comparison failed to show dividend in EMC
program
4. Failed to disclose short rate penalty which reduces savings
5. Bottom line comparison of net premiums with approximately same
coverage shows EMC to be 10-15% less in cost
Features of a Successful
Long-Term Program
7
1.
2.
3.
4.
Coverage
Limits
Local Agent Involvement
Insurance Company Services
5. Price
6. Dividend
7. MGA Involvement
Loss of Income/Extra Expense
8
Why is this coverage important?
• Madrid Loss
• Burlington Loss
• Parkersburg Loss
Limits can be eroded rapidly!
Extra Expense Insurance
9
Where does the money go?
• Temporary buildings including pads and utility connections
• Rental of building including fire code changes
• Extra transportation
• Moving costs
• Extra telephone and computer hookups
• Employee overtime costs
• Extra utility costs at a substitute location
Limit Upgrades
Effective
7/1/2010
No Additional Premium Applies
10
Coverage
Current Limit
New Limit
Blanket Business Interruption/Extra Expense
$1,000,000
$2,000,000
Fire Dept. Service Charge
$5,000
$25,000
Arson Reward
$5,000
$25,000
Newly Acquired Personal Property
$500,000
$1,000,000
Personal Property of Employees & Others
$20,000
$50,000
Valuable Papers
$100,000
$200,000
Outdoor Property
$25,000/$500
$100,000/$1,000
Accounts Receivable
$100,000
$200,000
Loss of Off-Premises Utilities
Direct
Time Element
$10,000
$50,000
$100,000
Shared Limit
Pollutant Clean-Up/Removal
$25,000
$50,000
New Coverages Effective 7/1/2010
No Additional Premium Applies
11
Coverage
Limit
Lock Replacement & Re-keying
$10,000
Earthquake
$150,000
Flood
$150,000
Flood
12
 Coverage applies in Zones C & X-unshaded.
 If a school has Federal Flood Insurance, this coverage
is excess.
 Coverage will be provided by a separate
endorsement. A $5,000 deductible will apply.
Zone Determination
13
Zone Determination
14
Zone Determination
15
16
What services has EMC
provided to
Iowa schools recently?
17
Insurance Company Services
Are Important
No one offers a service program
as comprehensive as
EMC Insurance Company
Insurance Company Services
POLICYHOLDER SERVICES
DOES YOUR
COMPANY
PROVIDE
THIS
SERVICE?
Yes  No 
Yes 
Cost ____
No 
Fleet safety consultations
Yes 
No 
Yes 
Cost ____
No 
Emergency planning assistance
Yes 
No 
Yes 
Cost ____
No 
Assistance in organizing safety
committees
Yes 
No 
Yes 
Cost ____
No 
Assistance with required written
programs
Yes 
No 
Yes 
Cost ____
No 
Pre-work screening program
consultation
Yes 
No 
Yes 
Cost ____
No 
Safety signs and surveys
Yes 
No 
Yes 
Cost ____
No 
Public playground safety handbooks
Yes 
No 
Yes 
Cost ____
No 
Loss prevention information
manuals
Yes 
No 
Yes 
Cost ____
No 
Safety talks
Yes 
No 
Yes 
Cost ____
No 
Large event liability assessment
Yes 
No 
Yes 
Cost ____
No 
Defensive driver training
18
IS THERE A CHARGE
TO THE
POLICYHOLDER? IF SO
WHAT IS THE COST?
WHAT WOULD BE YOUR
TIME FRAME TO PROVIDE
SERVICE?
One
week 
One
week 
One
week 
One
week 
One
week 
One
week 
One
week 
One
week 
One
week 
One
week 
One
week 
2-4
weeks 
2-4
weeks 
2-4
weeks 
2-4
weeks 
2-4
weeks 
2-4
weeks 
2-4
weeks 
2-4
weeks 
2-4
weeks 
2-4
weeks 
2-4
weeks 
Over 1
month 
Over 1
month 
Over 1
month 
Over 1
month 
Over 1
month 
Over 1
month 
Over 1
month 
Over 1
month 
Over 1
month 
Over 1
month 
Over 1
month 
FROM WHICH OF
YOUR OFFICES DO
THESE SERVICES
ORGINATE?
City________
ST___
City________
ST___
City________
ST___
City________
ST___
City________
ST___
City________
ST___
City________
ST___
City________
ST___
City________
ST___
City________
ST___
City________
ST___
Insurance Company Services
POLICYHOLDER SERVICES
DOES YOUR
COMPANY
PROVIDE
THIS
SERVICE?
Yes  No 
Yes 
Cost ____
No 
School Bus traffic flow analysis
Yes 
No 
Yes 
Cost ____
No 
Lightning protection consultation
Yes 
No 
Yes 
Cost ____
No 
Security Consultation
Yes 
No 
Yes 
Cost ____
No 
10-hour OSHA outreach training
Yes 
No 
Yes 
Cost ____
No 
Sprinkler system evaluation and
print review
Yes 
No 
Yes 
Cost ____
No 
Wellness program consultation
Yes 
No 
Yes 
Cost ____
No 
Chemical storage consultations
Yes 
No 
Yes 
Cost ____
No 
Noise monitoring
Yes 
No 
Yes 
Cost ____
No 
Air quality monitoring
Yes 
No 
Yes 
Cost ____
No 
Rehab the Lab (eliminating old or
dangerous chemicals)
Yes 
No 
Yes 
Cost ____
No 
Stress management training
19
IS THERE A CHARGE
TO THE
POLICYHOLDER? IF SO
WHAT IS THE COST?
WHAT WOULD BE YOUR
TIME FRAME TO PROVIDE
SERVICE?
One
week 
One
week 
One
week 
One
week 
One
week 
One
week 
One
week 
One
week 
One
week 
One
week 
One
week 
2-4
weeks 
2-4
weeks 
2-4
weeks 
2-4
weeks 
2-4
weeks 
2-4
weeks 
2-4
weeks 
2-4
weeks 
2-4
weeks 
2-4
weeks 
2-4
weeks 
Over 1
month 
Over 1
month 
Over 1
month 
Over 1
month 
Over 1
month 
Over 1
month 
Over 1
month 
Over 1
month 
Over 1
month 
Over 1
month 
Over 1
month 
FROM WHICH OF
YOUR OFFICES DO
THESE SERVICES
ORGINATE?
City________
ST___
City________
ST___
City________
ST___
City________
ST___
City________
ST___
City________
ST___
City________
ST___
City________
ST___
City________
ST___
City________
ST___
City________
ST___
Insurance Company Services
POLICYHOLDER SERVICES
DOES YOUR
COMPANY
PROVIDE
THIS
SERVICE?
Yes  No 
Yes 
Cost ____
No 
Building & equipment valuations
Yes 
No 
Yes 
Cost ____
No 
Loss control newsletters
Yes 
No 
Yes 
Cost ____
No 
Safety videos
Yes 
No 
Yes 
Cost ____
No 
Technical information sheets
Yes 
No 
Yes 
Cost ____
No 
OSHA compliance benchmarking
Yes 
No 
Yes 
Cost ____
No 
Mock OSHA Surveys
Yes 
No 
Yes 
Cost ____
No 
Assistance with establishment of
designated physician programs
Yes 
No 
Yes 
Cost ____
No 
Slip, trip, fall assessments
Yes 
No 
Yes 
Cost ____
No 
Job description assistance
Yes 
No 
Yes 
Cost ____
No 
Implement Return to work programs
Yes 
No 
Yes 
Cost ____
No 
Roof consulting
20
IS THERE A CHARGE
TO THE
POLICYHOLDER? IF SO
WHAT IS THE COST?
WHAT WOULD BE YOUR
TIME FRAME TO PROVIDE
SERVICE?
FROM WHICH OF
YOUR OFFICES DO
THESE SERVICES
ORGINATE?
One
week 
One
week 
One
week 
One
week 
One
week 
One
week 
One
week 
One
week 
2-4
weeks 
2-4
weeks 
2-4
weeks 
2-4
weeks 
2-4
weeks 
2-4
weeks 
2-4
weeks 
2-4
weeks 
Over 1
month 
Over 1
month 
Over 1
month 
Over 1
month 
Over 1
month 
Over 1
month 
Over 1
month 
Over 1
month 
City________
ST___
City________
ST___
City________
ST___
City________
ST___
City________
ST___
City________
ST___
City________
ST___
City________
ST___
One
week 
One
week 
One
week 
2-4
weeks 
2-4
weeks 
2-4
weeks 
Over 1
month 
Over 1
month 
Over 1
month 
City________
ST___
City________
ST___
City________
ST___
Insurance Company Services
POLICYHOLDER SERVICES
DOES YOUR
COMPANY
PROVIDE
THIS
SERVICE?
Yes  No 
Yes 
Cost ____
No 
Yes 
No 
Yes 
Cost ____
No 
Yes 
No 
Yes 
Cost ____
Indoor air quality investigations and
testing
Yes 
No 
Yes 
Cost ____
Mold surveys
Yes 
No 
Yes 
Cost ____
Skate park consultations
Yes 
No 
Yes 
Cost ____
No 
On-line risk management services
Yes 
No 
Yes 
Cost ____
No 
On-line claims information
Yes 
No 
Yes 
Cost ____
Medical management services
Yes 
No 
Yes 
Cost ____
No 
Investigative fraud unit
Yes 
No 
Yes 
Cost ____
No 
Yes 
No 
Yes 
Cost ____
Ergonomic assessments and
consultations
ADA assessments
Playground safety assessments
Claims adjusters who are company
employees
21
IS THERE A CHARGE
TO THE
POLICYHOLDER? IF SO
WHAT IS THE COST?
No 
No 
No 
No 
No 
WHAT WOULD BE YOUR
TIME FRAME TO PROVIDE
SERVICE?
One
week
One
week
One
week
One
week
One
week
One
week
One
week
One
week
One
week
One
week
One
week











2-4
weeks
2-4
weeks
2-4
weeks
2-4
weeks
2-4
weeks
2-4
weeks
2-4
weeks
2-4
weeks
2-4
weeks
2-4
weeks
2-4
weeks











FROM WHICH OF
YOUR OFFICES DO
THESE SERVICES
ORGINATE?
Over 1
month 
Over 1
month 
Over 1
month 
Over 1
month 
Over 1
month 
City________
ST___
City________
ST___
City________
ST___
City________
ST___
City________
ST___
Over 1
month 
Over 1
month 
Over 1
month 
Over 1
month 
Over 1
month 
Over 1
month 
City________
ST___
City________
ST___
City________
ST___
City________
ST___
City________
ST___
City________
ST___