Category Archives: Coverage

Articles that discuss Pool coverage, programs, services, and other advantages of Pool participation.

Ask the Experts: Fraud and Embezzlement

Approximately 76% of districts that purchase Crime coverage only buy the minimum. While $5,000 may seem sufficient, you don’t need a lot of imagination to think of a scenario in which you’d find yourself grossly underinsured.

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Ask the Experts: Hail Coverage

As we all know, hail in Colorado can cause a huge amount of damage. The damage and repairs from hail storms can lead to lost business and service interruptions. In the past five years, we have paid out more than $6 million for losses caused by hail, which includes over $1 million each in 2016 and 2017.

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Ask the Experts: Reporting Payroll for WC Coverage

It is very important that you be as accurate as possible. As you may know, workers’ compensation contributions are based on the job duties and payroll of those covered.

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Ask the Experts: What is Business Income coverage?

The CSD Pool includes up to $250,000 for Business Income including Extra Expense/Rental Income for a covered loss. Business Income will pay for net profit or net income that would usually be earned by normal operations had there not been a loss, including payroll.

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Ask the Experts: Flood coverage

Unlike outside flood programs, ours is automatic for all scheduled property. We cover your assets for up to $2,000,000. For some, this limit may cover the repair of their facilities.

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Ask the Experts: Notice of Occurrence

A notice of occurrence simply means notifying your insurance company of an incident, which can help your organization in several ways: preventing further damage to its property as well as paying fewer out-of-pocket costs.

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Ask the Experts: What are ‘incident rates’ and how are they calculated?

You may not be familiar with the concept of an incident rate because, unlike most employers, special districts are not required to report workplace injuries and fatalities to OSHA. The incident rate is a benchmark created by OSHA to illustrate the number of injuries reported by a given employer.

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Ask the Experts: Subrogation

Subrogation refers to the act of substituting one thing for another. In the case of a covered loss, it means substituting one person (a third party found to be at fault) for another person (the original covered party).

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What’s New for January 2018

Thirty years ago, one hundred sixteen districts engaged in an experiment. They banded together to form what would become the CSD Pool because the traditional insurance market deemed them uninsurable. We want to thank our founding members—and all current members—for your loyalty and commitment to the Pool and its mission over the past three decades

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Ask the Experts: Making Sense of Certificates

Certificate requests are very common for the CSD Pool and for insurance companies in general. Many third parties require verification of coverage when interacting with districts. These third parties can be lenders, banks, event planners, or even the DMV.

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