2006 office of risk management regional conference
DESCRIPTION
2006 Office of Risk Management Regional Conference. The Office of Risk Management. ORM Statute. LA R.S. 39:1535. Administrative Code. www.state.la.us/osr/lac/books.htm Title 37, Insurance Amended May 2004 Compiled September 2004. ORM WEBSITE. www.doa.louisiana.gov/orm. Affiliations. - PowerPoint PPT PresentationTRANSCRIPT
20062006Office of Risk Office of Risk ManagementManagement
Regional ConferenceRegional Conference
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)
The Office of Risk Management
ORM Statute
LA R.S. 39:1535
Administrative Code
www.state.la.us/osr/lac/books.htm
Title 37, Insurance
Amended May 2004
Compiled September 2004
ORM WEBSITE
www.doa.louisiana.gov/orm
AffiliationsSTRIMA NSCNSC
PRIMA LABI AGANIGP IRMI
PIA of LA NAAGFOA IIA of LA
RIMS ISO
Office of Risk Management
Lines of Coverage
Description of Coverages
www.doa.louisiana.gov/orm/Uwcov.htm
Catalog of Insurance
Coverages and Services
Commercial General Liability
Public “Slip & Fall” Policy Coverage for bodily injury and property
damage Broad coverage with specific exclusions No deductible
Personal Injury & Advertising Liability
Part of CGL Covers non-bodily injury liabilities
– False arrest– Wrongful entry or eviction– Libel– Slander
Medical Malpractice
Coverage for negligent acts of State medical professionals
No deductible
Road & Bridge HazardDOTD ONLY
Coverage for claims involving poorly designed or repaired roads
No deductible
Automobile Liability &Physical Damage
Liability– Automatic coverage– Primary BI & PD coverage for all State
vehicles– No deductible
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
Aviation & Airport
All aircraft must be reported! Non—owned aircraft exposures Airport Hangarkeepers Liability
Coverage Available Deductibles
– $1,000 Hull– No deductible Liability
Wet Marine
All watercraft over 26 feet must be reported!
Deductibles– $1,000 Hull– No deductible P&I
Workers’ Compensation
Statutory & Maritime Medical payments and weekly
compensation payments for injured employees
Worldwide coverage Volunteers eligible for medical
payments only No deductible
Miscellaneous Tort
Excess coverage above liability policy limits
Coverage for claims not included in any other policy
No deductible
Bond
Covers theft by employees S/I $500,000 $1,000 deductible Includes:
– Property manager– Notary– Postal bond– Public official
Crime
Covers robbery and safe burglary Employees not covered here S/I $2,000,000 $1,000 deductible
Property
Building structures Office equipment Fine arts Animals Mobile equipment Boats under 26 feet and motors $1,000 deductible
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
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