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Council votes to pursue PRISM membership application as interim step on liability/workers' comp coverage
Summary
Faced with a $5 million general-liability self-insured retention, the council voted to pursue application to the PRISM risk pool as a one-year alternative while staff continues to evaluate longer-term joint-powers options such as CIRA.
The City Council on July 3 debated alternatives to its current excess-insurance arrangements for general liability and workers’ compensation and voted to pursue an application to Public Risk Innovation, Solutions, and Management (PRISM) as a potential one-year alternative while staff continues evaluation.
Deputy Director of Human Resources and Risk Management Crystal Mirela and Director Terry Doyle presented a comparison of the city’s existing coverage (a $5 million deductible for general liability and $750,000/$1,000,000 for workers’ compensation) and several joint-powers pool alternatives. Staff said Safety National (the city’s current…
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