Reflecting a commitment to exemplary service, CSDSIP strives to handle every claim in a comprehensive and timely fashion. Whether the incident involves potential liabilities or property damages, CSDSIP serves as the primary contact for our Members, helping reduce the likelihood of litigation and minimizing damages.
To achieve this goal, we respond to each claim by:
Evaluating the legal liability
Meeting with parents, students, staff and any other parties to explain how the claims process works
Assessing losses and damages
Obtaining a full release of all claims on behalf of the Member and any employees, as necessary.
BENEFIT TO YOU
Eliminate your need to work with anyone who is making a claim against you or the Member.
The ongoing financial stability of any insurer stems from its ability to correctly evaluate the risks and exposures of those it insures. Within CSDSIP, such underwriting activities are handled by the Risk Programs Department. By regularly reviewing new risks or modified exposures that arise among Members and applying comprehensive underwriting guidelines, our risk programs professionals preserve the integrity of CSDSIP’s financial position while optimizing coverage options for Members.
Along with underwriting responsibilities, the Risk Programs Department develops:
Pricing renewal processes
Written policies and certificates of insurance
The Finance Department is responsible for tracking the Pool’s assets, liabilities, surplus, income, expenses, and cash flows.
Because the activities of the Claims and Risk Programs Departments greatly impact the Finance Department, there is considerable interaction between these three departments. For example, the reserving practices of the Claims Department go a long way into determining the liabilities on the Pool’s balance sheet. Similarly, the methodologies used in the underwriting process by the Risk Programs Department affect the revenue stream of the Pool and how the exposures of the Pool are reported to excess and reinsurance carriers.
The financial stability of the Pool is of utmost importance. The Finance Department, other Pool staff and the Board spend considerable time evaluating surplus levels to ensure adequate financial stability. The Pool evaluates many financial ratios in analyzing surplus adequacy.
Our Risk Control programs and resources are designed to assist our Members with reducing loss exposures in order to control loss-related expenses.
Based on the coverages we provide, our Risk Control Consultants can work directly with you to provide services that support your loss control and risk management programs in the areas of general liability, fleet safety, property protection and employment practices liability. We offer the following services based on historical losses experienced by our Members and “best practices” for public entities:
Comprehensive facility risk assessments to identify student and employee life safety and liability exposures
Risk Control review of specific operations, activities, or facilities
Assist in developing or work with existing safety/loss control committees
Provide regional and local training for administrative and transportation staff
Assist with the development and review of emergency procedures
Provide risk management bulletins on various concerns
Playground training and inspections. Our Risk Control Consultants are Certified Playground Safety Inspectors
Legal Resource Program
CSDSIP’s Legal Resource Program (LRP) exists to provide general information, risk management, and consultative services to Members about the various legal issues they encounter. Working with CSDSIP on the front-end of an issue will have a positive impact on risk management by helping Members understand many of the unknowns, thereby minimizing exposures and avoiding litigation. While services provided by the program are advisory in scope, the advice received will undoubtedly assist Members as they navigate the murky waters that are ever present in the delivery of public education.
The goal of the LRP is to educate school boards and administrators about the law to help them make informed decisions.