Risk Management Annual Report
Agenda Item 12.A
By Bianka Buchanan, Human Resources Officer
Meeting Date: February 6, 2024
Risk Management
•Goal: Minimize the City’s risk exposure
•Employee injury claims
•Third-party liability claims
•Property loss
Major Risk Management Programs
•Workers’ Compensation Program
•General Liability Program
•Property Insurance Program
•Cyber Liability Insurance
•Pollution Liability Insurance
Risk Management Support
City
Council
City
Manager &
Executive
Staff
Staff CJPIA
Third-Party Liability
Primary Liability Claim Cost
Claim Frequency and Severity
•Public Safety: Law Enforcement
remains 3.5x better than the
pool average.
•Potential exposure with increase
in pothole damages. The City is
putting an emphasis on road
repair and maintenance to help
mitigate risk.
85,955 51,066
1,179,163
245,680
141,984
11,087
16 15
97 37 35
7 0
20 40
60 80
100
120
0 200,000
400,000
600,000
800,000
1,000,000
1,200,000
1,400,000
2018/2019 2019/2020 2020/2021 2021/2022 2022/2023 2023/2024
Worker’s Compensation
Primary WC Claim Cost
Claim Frequency and Severity
•Number of claims and injuries remain low and can be attributed to the amount and type of training the City provides. •Currently, there is an anomaly with Police due to several long-term claims. •Overall, the City is still on par with the pool average. •Overall numbers also reflect reserve funds.
45,988 29,361 36,416
800,205
525,929
342
14 16
18 34
18 2
0 5
10 15
20 25
30 35
40 0
100,000
200,000
300,000
400,000
500,000
600,000
700,000
800,000
900,000
2018/2019 2019/2020 2020/2021 2021/2022 2022/2023 2023/2024
Key Findings
•300+ CJPIA Training Sessions Completed by Employees in 2023.
Liability
•Pismo Beach is consistent with the Pool Average in all major causation categories •Highest frequency is Slip/Trip & Falls
•Claim Cost per $100 payroll is consistent with the Pool •PBPD is -76% lower than PD Pool members
Worker’ Compensation
•Cost of Claims is lower than the pool average
•Highest frequency is Strains and Contusions
Questions?