CalTIP’s mandatory Liability Program provides protection against covered losses wherein the member is legally liable for bodily injury or physical damage caused by either the member itself or an owned vehicle. CalTIP’s pooled and excess coverage, combined with various self-insured retention options, provides general liability, public officials’ errors & omissions, and auto liability.
Member Self-Insured Retentions
Members are given the opportunity to select a self-insured retention that best fits their agency. These options are: $0 ($10,000 pre-funded); $25,000; $50,000; $100,000; $250,000, and $350,000.
Pooled Program Layer
CalTIP self-funds or “pools” the first $2 million of coverage per occurrence. That amount is inclusive of the member’s self-insured retention.
Reinsurance/Excess Insurance
CalTIP purchases reinsurance and excess insurance for losses that exceed CalTIP’s pooled program layer. All members receive $4 million of reinsurance above the $2 million pooled layer. Members have the option of purchasing a total of $10 million in coverage or a total of $25 million coverage.
CalTIP’s optional Vehicle Physical Damage Program provides members with comprehensive and collision coverage to transit, staff, and maintenance vehicles. The program is structured to include both self-funded (pooled) and purchased coverage. CalTIP self-funds the first layer up to $100,000 with members selecting from various deductible options per vehicle. Excess insurance is purchased for losses exceeding $100,000 and provides the members with coverage up to $20 million per occurrence. CalTIP’s program is additionally enhanced with an aggregate stop-loss feature. The aggregate stop-loss is equal to the five highest deductibles of any vehicles involved in a multi-vehicle loss.
Member Deductible
Members are given the opportunity to select a deductible option per vehicle. The deductible options are $500; $1,000; $2,5000; $5,000; and $10,000. Vehicles with an actual cash value (ACV) of $50,000 or greater must select a deductible of no less than $5,000.
Pooled Program Layer
CalTIP self-funds or “pools” the first $100,000 of coverage over the member agency’s deductible.
Excess Insurance
CalTIP purchases excess insurance for losses exceeding $100,000.
CalTIP offers members the opportunity to join the Employment Risk Management Authority JPA. Only stand-alone agencies are eligible for membership. The program provides employment practices liability (EPL), including wrongful termination, discrimination, harassment, and reatliation. The program focuses on services, training, and litigation management.
ERMA
