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Risk manager advises against adding surety bonds for directors; existing crime policy deemed sufficient
Summary
Shelley Pierce, risk and safety manager, told commissioners that existing crime coverage and statutory surety requirements already protect elected officials and staff and recommended not buying additional surety bonds, which she characterized as redundant and a waste of resources.
Shelley Pierce, the county's risk and safety manager, briefed the board on a request to consider additional surety bond coverage for department directors and deputy directors.
Pierce said she reviewed the county's crime coverage, spoke with the risk pool and the county's broker and conferred with inside counsel. She said the current crime policy provides blanket coverage for dishonest acts and that statute-required surety coverage for elected officials (as set out in the Revised Code of Washington) is already followed. "This would be wasteful resources," Pierce said, recommending against purchasing additional bonds that would add premium costs without materially increasing protection.
Why it matters: purchasing duplicate surety coverage would increase premiums without clear added protection, according to the risk manager and legal counsel.
What's next: the board heard the recommendation and took no additional action during the meeting.
