2004 Office of Risk Management Regional Conference

The Office of Risk Management

ORM Statute LA R.S. 39:1535

Administrative Code Title 37 Insurance

ORM WEBSITE

Affiliations NSC STRIMA NSC PRIMA LABI AGA NIGP IRMI PIA of LA NAA GFOA IIA of LA RIMS ISO

Office of Risk Management Lines of Coverage

Description of Coverages 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 Hazard DOTD 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 –Excess coverage for personal vehicles used on State business –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! Maritime Workers Comp. Deductibles –$1,000 Hull –No deductible P&I

Workers’ Compensation 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 $50,000 Scheduled excess $1,000 deductible

Property Building structures Office equipment Fine arts Animals Mobile equipment Boats under 26 feet and motors $1,000 deductible

Covered Perils Flood Theft Sprinkler leakage Business interruption Hail Earthquake Explosion Riots Civil commotion Malicious mischief Vandalism

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

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