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1 RiversideCA.gov
1 RiversideCA.gov
Risk Management
Division
Financial Performance and Budget Committee
November 8, 2023
Finance Department
RiversideCA.gov
2 3.18.030 Powers and Responsibilities of the Risk Manager Monitor and report annually to the City's Financial
Performance and Budget Committee and City Council
the insurance administration, and the compliance of City departments, offices, and agencies with the internal
controls
RMC 03.18.030
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3 RISK MANAGEMENT TEAM
Maria Guerrero, Risk Management Specialist
[email protected] (951)826-5279
Jackie Godinez, Risk Manager
[email protected] (951)826-5693
RiversideCA.gov
4 RISK MANAGEMENT DIVISION
1. Insurance Procurement
2. Certificate of Insurance Review (COI)
3. 1
st Party Claims/Settlement Administration
4. General Liability & Workers Compensation Rate
Development
5. Emergency and Non-Emergency Responses Citywide
6. Hazardous Waste Contract Administration
7. Development of programs & trainings to help mitigate risks.
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5 5 YEAR INSURANCE COSTS
23-2422-2321-2220-2119-20Policy Description
$51,975.00 $49,500.00 $49,500.00 $56,276.00 $53,045.00 Broker Fee $668,592.00 $584,281.00 $528,805.00 $476,291.00 $460,165.00 EXCESS WC $12,038.00 $10,530.00 $9,572.00 $8,159.55 $7,250.00 AIRPORT INSURANCE $490,898.00 $475,753.69 $334,258.42 $447,309.00 $381,169.64 GENERAL LIABILITY $1,061,383.75 $966,440.00 $741,534.64 $252,735.35 $184,212.00 EXCESS GENERAL
LIABILITY
$23,672.59 $23,688.65 $25,999.38 $25,999.38 $ POLLUTION for RPU PLANTS
$27,147.00 $26,799.00 $25,051.00 $ $ CRIME *NEW 21-22*
$282,676.00 ----STAND-ALONE CYBER
LIABILITY * New 23-24*
$113,959.00 $101,659.40 $99,260.02 $72,611.47 $63,396.68
DIFFERENCE IN
CONDITIONS - EXCESS
EARTHQUAKE
INSURANCE
$1,351,410.08 $1,053,512.73 $926,315.19 $765,238.15 $151,991.00 PROPERTY & B&M RPU PLANTS
$3,074,006.25 $2,205,521.78 $1,599,769.12 $1,329,523.53 $1,327,555.00 APIP PROPERTY $31,645.00 $32,515.00 $32,515.00 $36,330.00 $34,600.00 MUSEUM FINE ARTS $243,933.00 $76,383.00 $71,212.00 $59,265.35 $51,758.00
AIRPORT HULL
LIABILITY- POLICE
AVIATION
$7,433,335.67 $5,606,584.25 $4,443,791.77 $3,529,738.78 $2,715,142.32 Total Premium Paid $1,826,751.42 $1,162,792.48 $914,052.99 $814,596.46 -$ Change 33%26%26%30%-YOY Increase
RiversideCA.gov
6 CERTIFICATES OF INSURANCE
Risk Management launched the COI Portal August 3, 2020. Since the launch, the Risk Management Team has reviewed over 7,000 COI’s.
388
107 92 87 74 68 41 40 38 37 37 36 34 21 21 20 18 18 17 16 16 15 14 13 12 11 99 6 33 222 11 0 50
100
150
200
250
300
350
400
450
Number of Approved COI's
*Count as of 10/18/23
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7 GATHERGUARD
All third parties who hold private events on City owned or leased property must provide the City with proof of
insurance.
Over 130 individual policies have been purchased since
the launch of the program.
RiversideCA.gov
8 EMERGENCY & NON-EMERGENCY RESPONSES
Risk Management is on call 24/7 ready to assist all City Departments in responding to emergencies and non-
emergency situations that pose a threat to property, life, or the health of others.
22/2321/2220/2119/20Fiscal Year
$ 811,024.86 $ 373,373.19 $ 437,910.30 $ 523,045.33 Total Spent 117%-15%-16%-72%% Change
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9 HAZARDOUS WASTE ADMINISTRATION
Facility TitleAddressEPA #s
Springs Power Plant2221 Eastridge Ave, 92507CAL000263583 RERC - Riverside Energy
Resource Center5901 Payton Ave, 92504CAL000305521
Clearwater Cogen Plant2201 Railroad St, 92880CAL000351710 Lincoln Station8181 Lincoln Ave, 92504CAL000173294
RPD Aviation Unit7020 Central Ave, 92504CAL000129031
Magnolia Station10540 Magnolia Ave, 92505CAL000356241
Corpyard8095 Lincoln Ave, 92504CAD040502114
Linden Booster Station1450 Linden StCAC003042187
Accidental Dump SitesCitywide CAL000443921
Wastewater Plant5950 Acorn St, 92504CAL000125170
Airport6951 Flight Road, 92504CAL000307528
UOC - Electric
Operations2911 Adams St, 92504CAL000385899
Fire Station #123302 Gibson St, 92503CAC003125282
There was one critical incident in FY 22-
23 that required an emergency
response.
ADMINISTRATIVE DUTIES
1. Procure and manage the Professional
Services Agreement with the City’s
Hazmat contractor.
2. Submit the annual CA Department of
Toxic Substances eVQ Survey.
3. Pay all CDTFA related hazmat taxes.
4. Renew all County operating permits.
5. Maintain records and copies of
hazmat manifest documents.
RiversideCA.gov
10 General Liability & Workers Compensation Rates
(% of Total Claims *70% ) + (% of Staff Exposure*30%) * Funding Requirement = Division Rate Risk Management is responsible for calculating how much each division needs to contribute each of the self-insurance funds.
630 Fund- Pays for all third-party tort claims & lawsuits submitted against the City.
610 Fund- Pays for all workers compensation claims & expenses. 9 10
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11 RISK MANAGEMENT FUNCTIONS CITYWIDE
Risk
Management
Division
RPU Safety
Manager
Public Works
Safety
Manager
City Attorney
Tort Claims
Administration
Safety Manager
WC Claims
Administration
RiversideCA.gov
12 RECOMMENDATION
That the Financial Performance and Budget Committee receive, provide input on, and forward to the City Council for approval an annual update of the City’s Risk Management Division and Insurance Program Administration.
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