Transcript Magnifying Mission and Message to Members

Nevada Public Agency Insurance Pool
&
Public Agency Compensation Trust
 The
POOL/PACT
member services
consortium provides
responsive risk and
management resources
for public agencies.

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
We Are:
 Member-governed
 Stewards of public assets
 Committed to quality member
services
 Focused on the future

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.
We deliver public agency
risk management solutions.
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.

 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?
Interlocal Cooperation Agreement
• Long Term Financial Strategy
•
Our board of directors is appointed by YOU.
Our risk solutions are tailored to our members
 Human
Resources
 Risk Management
 Law Enforcement
 School Board Legal
 Contractual Review/Legal Review
• 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
 Local
Representatives
 Unlimited
access
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.

Pools were Created By and For Nevada Local
Governments Only

Combined Buying Clout

Broad Array of Coverage, Limits

Employment Practices

Earthquake, and Flood
 Employment
Related
 OSHA required
 POST
 Emergency Medical Dispatcher Certification
 Department of Education
•
Public Officials Liability Workshop
•
Positive Governance Workshop
•
Board Member Orientation
•
Board Retreats and Strategic Planning
•
Open Meeting Law Workshop
•
Board Ethics Workshop
 Property
Appraisals
 Fire Department Asset Appraisals
 Boiler Inspections
 Swimming Pool Inspections
 Thermographic Imaging
 Respirator Fit Testing
 ADA Compliance Surveys
 Premises Safety Surveys
 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
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

 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?
 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 entity
Losses, Exposures, Stabilization
 MEMBER Driven: MEMBERS making
decisions on behalf of MEMBERS
 Review
of the basic pooling
Algebra Equation
 Assumptions:
X = Transfer of Risk
Y = Risk Management Services
C = Claims
 Z = Total Program Cost
X + Y + C = Z
Z
= NPAIP & PACT Efforts /
Accomplishments
Do the math!
Photo courtesy of Rick Hudson