Magnifying Mission and Message to Members
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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