PROPERTY

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PROPERTY

• 2010 Annual Conference

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Office of Risk Management Annual Conference
AGENDA

• Remembering 2009
• Types of Claims Handled by the Property Unit
• What to do after a loss
• How to report a First Party Property Loss
• Disaster Recommendations
• Q and A Session
• Closing Comments

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REMEMBERING 2009

• Hurricanes KATRINA, RITA, GUSTAV and IKE
• Flood Recovery Project
• Excess Carrier Reconciliation Project
• Re inspection Projects
• Insurance Reduction Project
• FEMA Documentation Project
• Coordinate Meetings with FEMA, GOHSEP, FPC and
  State Agencies

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TYPES OF CLAIMS HANDLED BY THE PROPERTY UNIT

• First Party Property Building and Contents
• Equipment Breakdown Boiler and Machinery
• Employee Bond Mishandling of funds
• Crime Burglary
• Bridges
• Marine and Fixed Marine Facilities Boats
  Piers Ferry Landings

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FIRST PARTY PROPERTY BUILDING AND CONTENTS

• Building Coverage for locations listed in the
  Schedule
• Contents Coverage for locations listed in the
  Schedule
• Contents Coverage for Leased locations listed in
  the Schedule
• All Properties which the State Owns
• All Properties for which the State has assumed
  liability by contract
• 1000 Deductible

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EQUIPMENT BREAKDOWN - BOILER AND MACHINERY

• Mechanical objects engines, gears, blowers,
  fans, pumps
• Electric Steam Generators
• Refrigerating or air conditioning vessels
• Transformers, Turbines
• Fired Vessels
• Business Interruptions Extra Expense
  business income
• 1000 Deductible

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EMPLOYEE BOND

• Coverage for mishandling of funds
• Up to 500,000 Coverage
• Deductible of 1000
• Embezzlement
• Based of date of discovery
• Must be reported within 90 days of discovery
  date
• Suspect employee must be identified

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CRIME

• Coverage for theft, burglary and forgery by a
  non state employee
• Up to 2,000,000 of coverage
• Deductible of 1000
• Disappearance and destruction of money and
  securities
• Robbery and safe burglary of property other than
  money

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BRIDGES

• State owned bridges as listed
• 1,000 Deductible

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ADDITIONAL COVERAGES UNDER PROPERTY POLICY

• Boats less than or equal to 26 feet ONLY
• Piers and Ferry Landings

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WHAT TO DO AFTER A LOSS

• Report all losses in excess of 1000 to ORM
  immediately
• Prevent additional damages
• Preserve any evidence
• Photograph damages
• Notify Police Fire Department or other
  Authorities

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HOW TO REPORT A FIRST PARTY PROPERTY LOSS

• Obtain property first party loss form from ORM
  website
• http//doa.louisiana.gov/ORM/forms.htm
• See form on next slide
• After completion of form, email or fax to
• ORM-propertyclaims_at_la.gov
• Fax [phone]

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PRE DISASTER RECOMMENDATIONS

• Establish a Disaster Plan
• Appoint an Emergency Response Group
• Establish an off site location in case your
  building is inaccessible
• Establish a phone tree for communication
• Store paper files in water proof cabinets above
  ground level
• Maintain digital record of inventory including
  photographs
• All agency vehicles should be located on higher
  ground prior to event

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Q AND A SESSION
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CLOSING COMMENTS

• Expectations for 2010
• Possible Improvements for 2010
• Open forum for agency recommendations