HomeMy WebLinkAboutMINUTES - 08111998 - C104 _. _
TO: BOARD OF SUPERVISORS G • �"
FROM: Phil Batchelor, County Administrator
Cn
DATE: August 11, 1998 ,0.S
t
SUBJECT: County Medical Malpractice Insurance tL
UU, I I y
SPECIFIC REQUEST(S)OR RECOMMENDATION(S)&BACKGROUND AND JUSTIFICATION
RECOMMENDATION:
Authorize the County Risk Manager to purchase medical malpractice insurance at an annual
estimated cost of$500,000.
REASONS FOR RECOMMENDATIONIBACKGROUND:
The County self-insures its medical malpractice exposure. The cost of claim settlements and
legal fees is paid from this fund, and funding levels are determined by actuarial studies.
The CSAC Excess Insurance Authority offers $9,500,000 medical malpractice insurance
coverage excess of a $500,000 self-insured retention at an annual premium of approximately
$500,000. The actuaries reviewed this proposal and find the $500,000 self-insured retention
produces the lowest overall cost.
Purchase of medical malpractice insurance through the CSAC Excess insurance Authority will
provide the County protection from catastrophic medical malpractice claims.
FINANCIAL IMPACT:
The annual premium cost will be paid by the Medical Malpractice Trust Fund.
Continued on Attachment: Yes Signature: r `
RECOMMENDATION OF COUNTY ADMINISTRATOR RECOMMENDATION OF BOARD COMMITTEE
/ APPROVE /} OTHER
112 1
SIGNATURE(S): af7,
ACTION OF BOARD ON August 11, 1998 APPROVED AS RECOMMENDED X OTHER
VOTE OF SUPERVISORS I HEREBY CERTIFY THAT THIS IS A TRUE
AND CORRECT COPY OF AN ACTION TAKEN
AND ENTERED ON THE MINUTES OF THE BOARD
X UNANIMOUS (ABSENT Sup tT ) OF SUPERVISORS ON THE DATE SHOWN.
AYES: NOES:
ABSENT: ABSTAIN:
ATTESTED August 11, 1998
PHIL BATCHELOR,CLERK OF THE BOARD OF
SUPERVISORS AND COUNTY ADMINISTRATOR
Contact: Joseph J. Tonda—335-1450
cc: CAO Risk Management
BY DEPUTY