The Mission of the Risk & Environmental Services Department is to effectively protect the School District’s human, financial and physical assets and resources from the consequences of losses.
What is Risk Management?
The role of CCSD’s Risk & Environmental Services Department is to review risks associated with the operation of the school district, recommend ways to minimize losses, and handle any claims for damages. The goal of this department is to properly assess the risks facing the school district and develop effective and fiscally sound principles to handle those risks.
Risk & Environmental Services Department is responsible for administration of the District self-insurance funds and excess insurance policies for workers compensation, general liability, crime, and property damage to buildings and equipment. This office investigates and processes all claims, negotiates coverages and premiums and provides liaison with excess insurance carriers, and authorizes payments from district claim funds as appropriate. The Safety Unit handles all safety assessments and assists our sites and staff in complying with all required safety policies. Environmental Services addresses all issues associated with asbestos, lead, hazardous materials, etc.
What is self insurance?
Essentially, self-insurance is a planned financial program of paying sustained losses from internal funds. The CCSD is self-insured for workers’ compensation, general liability, and property losses. The department is responsible for conducting an annual actuarial review based on prior loss experience and industry trends to develop appropriate reserves to cover present and future losses.
In addition to the self-insured retentions, the Risk & Environmental Services Department has chosen to insure large losses by using excess insurance policies. Currently the General Liability excess policy covers losses greater than $3,000,000 up to $10,000,000. The Workers’ Compensation excess policy covers losses over $1,250,000. Property losses are covered by an excess policy after a $500,000 deductible, in most cases.