AG 1994 03 21 - Laserfiche WebLink

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NORI~ L~RO~INA MEMORANDUM To: John Witherspoon From: Blair D. Bennett ~/~" Date: March 1, 1994 Subject: Placement of Cabarrus County Insurance On Thursday February 24, 1994, Commissioner Payne, Blair Bennett, John Witherspoon, and Don Moorhead met with officials concerning the selection of insurance coverage for Cabarrus County. The first presentation was made by Everette Arnold relative to Cabarrus County becoming self-funded for Workers' Compensation and General Liability/Auto/Property. The next presentation was made by officials representing the N.C. Association Pool. They had representatives from Sedgwick James and the N.C. Association of County Commissioners. These meetings proved to be very informative as an open forum of questions and answers prevailed. Cabarrus County is presently insured for all coverage with the N.C. Association Pool. It is my recommendation and the consensus of the other county participants that Cabarrus County should self-fund for Workers' Compensation using Lost time Control of Concord as claims agent. While there is some potential for liability, the projected cost savings and the availability of historical data seem to indicate that we should now make this change. Cabarrus County would be responsible for up to $250,000 per accident with the following reinsurance limits. Limits: $5,000,000 2,000,000 5,000,000 250,000 90,000 Workers' Compensation Employer's Liability W.C. & E.L. Combined per accident Retention per accident Medical Retention First Payment Year of any claim I am still recommending that Cabarrus County stay in the N.C. Association Pool for General Liability/Auto/Professional Liability/Property coverages. Please bring this matter to the attention of the Board of Commissioners for discussion and action.