A. Assist in Identifying and Managing Risks and Controlling Costs Meeting with professional staff to design overall risk management plan. Identifying and evaluating organization’s exposure to risk using surveys and interviews with key personnel. Reviewing contracts with suppliers and outside contractors for appropriate insurance coverages. Establishing insurance coverage standards and specifications for all owned and managed entities. Identifying criteria for appropriate insurance coverage/limits required of independent contractors and suppliers. Assisting JCPRD with the contractual transfer of risk. Collaborating with JCPRD to ensure the insurance coverage is appropriate to provide optimum risk transfer. Considering alternatives and cost-effective techniques, when appropriate, including Alternative Risk Financing techniques, for handling risks. Developing strategies and specifications for coverage/limits and endorsements. Establishing criteria and coordinating carrier risk control services. B. Provide Representation in Negotiations with Insurance Carriers Designing a strategy with JCPRD for approaching the insurance market at appropriate intervals to obtain competitive proposals. Submitting applications for coverage to selected insurers. Negotiating most favorable terms and conditions with interested insurers. Providing a written comparison of coverage terms/conditions from insurers offering proposals to JCPRD. Providing timely follow-up for existence of certificates, policies, endorsements and agreements. Verifying policy accuracy in respect to the terms, conditions, rates and premiums. C. Provide Ongoing Information Assuring JCPRD’s program remains competitive and effective. Keeping JCPRD informed of significant changes and trends in the insurance industry that may have an impact on JCPRD. Monitoring published financial information (including AM Best) of current insurers and alerting JCPRD when their status falls below the established minimum guidelines. Providing periodic “state of the marketplace” updates. Advising JCPRD of significant changes in regulations and legislation (in the jurisdictions in which JCPRD operates) that may impact JCPRD from a risk management standpoint. D. Provide Administrative Assistance and Ongoing support Responding to questions and inquiries promptly. Issuing certificates of insurance within 24 hours of request by JCPRD. Provide insurance policies immediately upon execution. Maintaining an updated schedule of insurance that will be available to appropriate personnel as directed. Establishing and monitoring procedures to ensure compliance with contracts and agreements. Providing advice on insurance administrative matters, including recommending processes to reduce the total costs of risk. E. Provide Claims Management and Loss Control Advice Advising JCPRD on claims-related matters, including assistance in the preparation of information to insurance carriers or other intermediaries. Analyzing claims in terms of the Kansas Tort Claims Act. Reviewing and overseeing insurance company claims services. Recommending procedures that expedite claims resolution. Participating on behalf of JCPRD in the settlement of large claims and advising the team of settlement demands and offers. Reviewing insurance company loss runs with JCPRD as needed.
