GCSSD JIF 19 th ANNUAL STATE OF THE JIF DINNER November 29, 2018 - - PowerPoint PPT Presentation

▶
gcssd jif 19 th annual
SMART_READER_LITE
LIVE PREVIEW

GCSSD JIF 19 th ANNUAL STATE OF THE JIF DINNER November 29, 2018 - - PowerPoint PPT Presentation

Jan 05, 2024 199 likes •795 views

GCSSD JIF 19 th ANNUAL STATE OF THE JIF DINNER November 29, 2018 GCSSD JIF Gloucester, Cumberland, Salem School Districts Joint Insurance Fund Welcome Joe Collins, GCSSD JIF Chairperson Business Administrator, Elk Township Board Members

slide-1
SLIDE 1

GCSSD JIF 19th ANNUAL

STATE OF THE JIF DINNER

November 29, 2018 GCSSD JIF

Gloucester, Cumberland, Salem School Districts Joint Insurance Fund

slide-2
SLIDE 2

Welcome

Vendor Partners

Other District Employees Administrators

Board Members

Joe Collins, GCSSD JIF Chairperson

Business Administrator, Elk Township

2

slide-3
SLIDE 3

Opening Remarks

Craig A. Wilkie

Executive Director SPELL, ACCASBO, BCIP and GCSSD JIFs

Former Role:

Business Administrator/Board Secretary Burlington City Board of Education

3

slide-4
SLIDE 4

Single Mission

Reduce the Cost of Insurance by Building Programs to Help Districts Avoid Claims

Savings for You

Every Dollar Not Spent on Claims Means More Money for Education

Tonight's Mission: Inform and Celebrate

Mission

4

slide-5
SLIDE 5

Brian Ferguson, Penns Grove-Carneys Point Noreen Boston, Pennsauken

Special Thanks

5

ENJOY…

slide-6
SLIDE 6

Enjoy Dinner

6

slide-7
SLIDE 7

Collaboration Commitment

Clever Partnership

7

slide-8
SLIDE 8

Only School Districts

  • 21 School Districts
  • In Four Counties
  • Unique Issues Specific to Schools
  • Opportunity to Manage Risk Collectively
  • JIF Owner/Member of SPELL
  • 85 School Districts in SPELL

8

slide-9
SLIDE 9

Ownership

You Are the Decision Makers You Control Budget You Make Membership Decisions You Decide What Programs Work Best You Create and Oversee Committees

9

slide-10
SLIDE 10

Programs That Work

  • Comprehensive Safety Training

(In District and Online)

  • Safety Incentive Program
  • Mold Seminar
  • Boiler Operator Training
  • Annual Joint Retreat

– Workers’ Comp – Employment Law – Cyber – Internal Risk Management and Safety

10

slide-11
SLIDE 11

Partner Vendors

  • Actuary
  • Auditor
  • Claim Administrators
  • Defense Panel
  • Executive Director
  • JIF Attorney
  • Managed Care
  • Medical Panel
  • Risk Management

Consultants

  • Safety Professionals

11

slide-12
SLIDE 12

Thank You JIF Professionals!

  • The Actuarial Advantage, Actuary
  • Bowman and Company LLP, Auditor
  • Hardenbergh Insurance Group, Student Accident

Administrator

  • Louis Greco, Esquire, JIF Solicitor
  • Qual-Lynx, Managed Care Provider/Claims TPA
  • Risk Assessment Services, Safety Director
  • Arthur J. Gallagher & Co, JIF Administrator

12

Sponsor of This

Evening's Cocktails

slide-13
SLIDE 13

The Glue That Binds

13

Manage More Than Finance and Operations

SCHOOL BUSINESS ADMINISTRATORS:

slide-14
SLIDE 14

14

District Risk Management Leaders

slide-15
SLIDE 15

15

HOW DO WE DO THIS?

slide-16
SLIDE 16

Organizational Structure

16

Study Issues & Create Solutions in the Form of Recommendations to the JIF Board

Committees

JIF Member Board

Finance Safety Claims

Strategic Planning

Coverage

Members Vendors

slide-17
SLIDE 17

Lots of Coverage

Auto Liability: $20,000,000 Boiler & Machinery: $125,000,000 Crime: $500,000 UAS/Drones: $20,000,000 Violent Malicious Acts: $8,000,000 Workers' Compensation: Statutory Cyber Liability: $10,000,000 Disaster Management: $40,000,000 Educators Legal Liability: $20,000,000 General Liability: $20,000,000 Pollution Environmental (Mold): $12,000,000 Property Liability: $175,000,000

17

Student Accident: $1,000,000 Base/ $5,000,000 CAT (if applicable) Terrorism/Sabotage: Varies by Coverage TULIP Special Event: $1,000,000

slide-18
SLIDE 18

Coverage Layers

18

Deductible Deductible Reinsurance Placement Group Purchased Insurance Policies Common Money Set Aside for Retention

slide-19
SLIDE 19

GCSSD JIF Budget Over Five Years

19

12% 63% 25%

Reinsurance & Group Purchased Insurances: $6,788,177 Operating: $3,442,762 Retention: $17,241,928

slide-20
SLIDE 20

GCSSD JIF Retention Fund: Last Five Years

20

Loss or Gain By Year 2013 through 2018 (Budgeted Loss Funds Less Losses) Cumulative Retained Earnings 2013 to 2018: $262,817

(192,800) 126,638 (66,900) 230,311 165,568

(200,000) (100,000)

  • 100,000

200,000

2013-2014 2014-2015 2015-2016 2016-2017 2017-2018

slide-21
SLIDE 21

GCSSD JIF Performance

21

July 1, 1998 - June 30, 2018

Total Contribution/Premium: $64,574,102 100% Current Surplus Retained: $3,587,297 6% Surplus Returned to Date: $1,173,675 2% Net Cost: $59,813,130 92%

slide-22
SLIDE 22

Hard Work Must Be Rewarded

22

  • Claims Management
  • Safety Programs
  • Organizational Awareness and

Sensitivity to Risk

Internal Risk Management Team

IS WORKING HARD

YOUR

slide-23
SLIDE 23

23

Performance Awards

Donna Contrevo, Finance Committee Chair Gateway & National Park

FINANCIAL

slide-24
SLIDE 24

24

LOSS RATIO <90%

CERTIFICATE OF EXCELLENCE

For Maintaining a Loss Ratio Below 90%

$500 AWARD! And the Winners Are…

slide-25
SLIDE 25

25

Deptford East Greenwich Gateway

Penns Grove- Carney’s Point

Pennsauken Pennsville Washington Twp. Woodbury Heights

CONGRATULATIONS!

slide-26
SLIDE 26

26

LOSS RATIO <50%

CERTIFICATE OF EXCELLENCE

For Maintaining a Loss Ratio Below 50%

$1,000 AWARD! And the Winners Are…

slide-27
SLIDE 27

27

CONGRATULATIONS!

Elk Township Oldmans Township Salem County Vo-Tech South Harrison Twp. Westville Boro

slide-28
SLIDE 28

28

5 YEAR LOSS RATIO <50%

CERTIFICATE OF EXCELLENCE

For Maintaining a Five Year Average Loss Ratio Below 50%

$1,000 AWARD! And the Winners Are…

slide-29
SLIDE 29

29

Elk Township Oldmans Township Pennsville Salem County Vo-Tech South Harrison Twp. Woodbury Heights

CONGRATULATIONS!

slide-30
SLIDE 30

30

10 YEAR LOSS RATIO <50%

CERTIFICATE OF EXCELLENCE

For Maintaining a Ten Year Average Loss Ratio Below 50%

$1,500 AWARD! And the Winners Are…

slide-31
SLIDE 31

31

Oldmans Township Pennsville Westville Boro Woodbury Heights

CONGRATULATIONS!

slide-32
SLIDE 32

32

FINANCIAL PERFORMANCE AWARDS

MOST IMPROVED DISTRICT

$1,000 AWARD! And the Winner Is…

slide-33
SLIDE 33

33

CONGRATULATIONS!

Penns Grove- Carney’s Point

Most Improved

slide-34
SLIDE 34

Financial Performance Awards are Dependent on

  • How we react to claims when they happen, AND
  • What we do everyday to reduce the chances that

claims occur

Thank You and Congratulations!

When we do have claims, they begin within member districts with one person who is referred to as the

34

District Claim Coordinator

slide-35
SLIDE 35

35

DISTRICT CLAIMS AWARDS

Prompt reporting of claims is one of the easiest ways to lower your total cost of risk. The sooner we learn about the claim the quicker we can engage in medical and disability management.

slide-36
SLIDE 36

36

Prompt Reporting is Key

Using the 0-3 day period as the baseline, the cost

  • f a late reported claim is:

9% more if reported between 4-7 days 20% more if reported between 1-2 weeks 32% more if reported between 3-8 weeks 72% more if reported at one month or later

If we had reported late by: 4-7 days $731,481 1-2 weeks $1,625,514 3-8 weeks $2,600,822 1 mo. or later $5,851,850

Paid out in Workers Comp Claims in last 5 Years:

$10,996,665

slide-37
SLIDE 37

37

District Claim Coordinator Special Recognition

AVERAGE DAYS TO REPORT CLAIMS Between 1 and 3 Days

And the Winners Are…

slide-38
SLIDE 38

38

Deptford Twp. Oldmans Twp. Salem County Vo-Tech Upper Deerfield Washington Twp. Wenonah

CONGRATULATIONS!

slide-39
SLIDE 39

39

District Claim Coordinator Excellence Award

REPORTING CLAIMS Within 24 Hours

And the Winners Are…

slide-40
SLIDE 40

40

East Greenwich Elk Township Fairfield Twp. Gateway Regional National Park Penns Grove- Carneys Point Pennsauken Westville Woodbury Heights

CONGRATULATIONS!

slide-41
SLIDE 41

41

South Harrison Township BOE

CONGRATULATIONS! With ZERO Claims in 2017-2018!

slide-42
SLIDE 42

TO ALL DISTRICT CLAIMS COORDINATORS!

Thank You and Congratulations

42

From How to Manage Claims to How to Avoid Them…

FOCU CUS

ON

SA SAFET ETY

slide-43
SLIDE 43

43

Recognition Awards

John Geitz & Jim Weber Risk Assessment Services/JIF Safety Coordinator

SAFETY

slide-44
SLIDE 44

Safety Must be Organizational

44

A weak safety culture led to the 2016 derailment of an Amtrak train that killed two employees (and injured 39), according to a report published Tuesday November 21, 2017 by the National Transportation Safety Board. www.BusinessInsurance.com

slide-45
SLIDE 45

Safety Includes:

45

  • Leadership Education & Training
  • Comprehensive Training Programs for all

Employees

  • Periodic Safety Newsletters
  • Safety Manual
  • Risk Management Seminars
  • On-Line Training through PublicSchoolWORKS

EDUCATION

slide-46
SLIDE 46

Safety Includes:

  • Safety Surveys
  • Accident Investigations
  • Playground Safety Evaluations
  • Safety Committee Assistance
  • IAQ/Mold Surveys
  • Floor Resistance Safety Testing
  • Traffic Flow Analyses
  • Noise Level Studies
  • Code Compliance Assistance

RISK MANAGEMENT SERVICES & ASSISTANCE

46

slide-47
SLIDE 47

In 2017-18:

Safety Facts

267 Classes Conducted 6,002 People Trained

Since Inception:

3,647 Classes Conducted 82,745 People Trained

Average Cost:

$11.60 Per Employee

47

slide-48
SLIDE 48

Safety Facts

  • Program launched March of 1998
  • Nearly 70 courses have been developed
  • Available at a time and location convenient to YOU!
  • Savings to the districts of nearly $2.1 million

ALL INCLUDED

in the JIF Program

48

slide-49
SLIDE 49

49

SAFETY INCENTIVE PROGRAM

TWO AWARD LEVELS:

Basic Criteria: 2 Winners Elite: 12 Winners 14 of 18 GCSSD Districts Qualified…

slide-50
SLIDE 50

50

SAFETY INCENTIVE PROGRAM

BASIC AWARD

Level Winners

$1,000 AWARD! And the Winners Are…

slide-51
SLIDE 51

51

Elk Township

Oldmans Township

CONGRATULATIONS!

BASIC AWARD LEVEL WINNERS

slide-52
SLIDE 52

52

SAFETY INCENTIVE PROGRAM

ELITE AWARD

Level Winners

$1,500 AWARD! And the Winners Are…

slide-53
SLIDE 53

53

Deptford Twp. Gateway Regional Monroe Twp. National Park Penns Grove- Carneys Point Pennsauken

ELITE AWARD LEVEL WINNERS

Salem County Vo-Tech Upper Deerfield Washington Twp. Wenonah Westville Woodbury Hgts.

CONGRATULATIONS!

slide-54
SLIDE 54

2017-18 SAFETY STAR

Of The Year

And the Winner Is…

slide-55
SLIDE 55

2017-18 SAFETY STAR

Of The Year!

Brian Ferguson Penns Grove-Carneys Point Regional BOE

slide-56
SLIDE 56

2017-18 SAFETY DISTRICT

Of The Year

And the Winner Is…

slide-57
SLIDE 57

2017-18 SAFETY DISTRICTS

Of The Year!

Washington Township BOE Westville Boro SD

slide-58
SLIDE 58

Deptford Township - $2,000 East Greenwich - $500 Elk Township - $3,000 Gateway Regional - $2,000 Monroe Township - $1,500 National Park - $1,500 Oldmans Township - $4,500 Penns Grove-Carneys Point - $3,000 Pennsauken - $2,000 Pennsville - $3,000 Salem County Vo-Tech - $3,500 South Harrison - $2,000 Upper Deerfield - $1,500 Washington Township - $4,500 Wenonah - $1,500 Westville Boro - $6,500 Woodbury Heights - $4,500

COMBINED CASH AWARDS

2017-18

$47,000 TOTAL

slide-59
SLIDE 59

THANK YOU

and

GOOD NIGHT

GCSSD JIF

Gloucester, Cumberland, Salem School Districts Joint Insurance Fund