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Klamath County approves insurance renewal, raises property deductible to $100,000
Summary
The Board approved the county's CIS insurance renewal with a 0.79% rate increase and authorized raising the property/equipment deductible from $50,000 to $100,000 to reduce premiums and remove small-property coverage; the motion passed unanimously.
Bill Gilmore of Great Basin Insurance and County Risk Manager Leslie Barlow-Hunter presented the county's annual CIS insurance renewal at the Klamath County Board of Commissioners administrative meeting on June 9. Gilmore said the CIS renewal rate for the upcoming year is a 0.79% increase; after removing contractors pollution liability the renewal results in a projected 4.64% savings compared with prior baselines.
Barlow-Hunter outlined options to reduce premiums by increasing deductibles: raising the property and equipment deductible from $50,000 to $100,000 (estimated savings of more than $16,000) and increasing the auto deductible from $5,000 to $10,000 (estimated savings of roughly $5,000 for a fleet of 223 vehicles). The Board reviewed the county's ten-year claim history and noted only two significant property claims (the museum and the transfer station), a record the presenters said supports increasing the property deductible and excluding lower-value property from coverage.
Commissioner Nichols questioned the need to continue non-owned aircraft liability. Barlow-Hunter responded that the county still uses non-owned aircraft, particularly during summer months, and that coverage remains warranted. After discussion, Commissioner DeGroot moved to authorize the Risk Manager to sign the updated policy documents reflecting the approved changes; Commissioner Nichols seconded. The motion passed unanimously.
The Board also decided to keep the auto deductible unchanged at $5,000 and to remove property and equipment valued below the new $100,000 deductible from coverage. The decision was framed as a risk-management trade-off based on the county's recent claim history.
The county will proceed under the renewed CIS policy with the updated deductible structure and the Risk Manager was authorized to sign the necessary documents.
