|
|
|
|
|
|
|
|
LAWCX currently offers $150,000, $250,000, $350,000, $500,000, and $1,000,000 retained limits or a member can attach directly to the purchased excess insurance. LAWCX covers the layer above the member's retained limit up to $5 million. For excess coverage, LAWCX is a member of the California State Association of Counties Excess Insurance Authority (CSAC EIA). For program year 2011/12, CSAC EIA provides statutory coverage for workers' compensation.
| THROUGH CSAC EIA |
| NATIONAL UNION FIRE INSURANCE COMPANY OF PITTSBURG, PA |
Statutory Coverage Excess of $50,000,000 for W/C |
| ACE AMERICAN INSURANCE COMPANY |
$45,000,000 Excess of $5,000,000 for W/C |
| LAWCX |
| LAWCX EXCESS WORKERS' COMPENSATION POOL |
Excess of Member Entity's SIR up to $5,000,000 for W/C & Employer's Liability |
| LAWCX MEMBER RETAINED LIMIT |
$150,000; $250,000; $350,000; $500,000; $1,000,000 |
Advantages of LAWCX Membership
- Large payroll base to spread the risk of claims.
- LAWCX's claims manager works directly with members on resolving claims.
- LAWCX, as a group, purchases the excess coverage in order to obtain a more favorable rate from the underwriters.
- Each member's contribution accumulates interest until those funds are required to pay a claim or until the time those funds are returned to the members.
- A biennial claims audit for each member is included as part of the administrative costs.
- Program management is contracted with a risk management consulting firm, resulting in program expenses averaging less than insured programs.
- Board members represent all geographical regions in California, as well as representing both small and large entities.
- Each direct member holds a seat on the Board of Directors.
- JPA members have the freedom to choose from the available LAWCX retained limits to meet the individual needs of their underlying members.
|
|
|
|
|
|
|
|
| Terms Of Use Copyright 2011 by Local Agency Workers' Compensation Excess Joint Powers Authority
|
|
|