Fulton County Sees Lower Insurance Costs Continue

FC Insurance - WEBBy: James Pruitt

Good loss control policies are paying off for Fulton County.

The Board of County Commissioners learned April 26 the county’s annual insurance premium is about 4.5 percent lower than last year.

The county’s agent, Stan Multauf, of the Stapleton Insurance Group, came to review the risk management report and renewal of CORSA (County Risk Sharing Authority). The policy covers:

•general liability
•Law enforcement liability
•Errors and omissions liability
•Excess liability
•Equipment breakdown
•Crime (employee dishonesty)
•Attorney disciplinary proceedings
•Uninsured/underinsured motorists

The policy provides $1 million coverage for dishonest employees

The policy includes cyber liability coverage. This is if someone hacks into the county’s computer system, Multauf said. Hackers have been known to hold a system hostage until a ransom is paid.

“One county paid a $7,500 ransom through bitcoin via a third party,” Multauf said.

The coverage is needed because it is not a matter of if, but when, he said.

Other highlights include Law enforcement personnel cameras at $300 per sworn deputy. The cameras can help save the county money in the event of a lawsuit because they help with the defense, Multauf said.

The county’s premium for 2016-17 is $1,200 lower and the overall cost is down $5,000.

Dawn Hogrefe, loss control coordinator has gotten $6,696 or 100 percent of the loss control incentive benefit credits for the year. Multauf said the county averages about $40,000 in claims which are primarily weather damage to buildings such as wind and lightning strikes.
Total credits were at $28,128. The county’s total cost is $142,847, down 4.5 percent from a year ago.

“We are pleased with direction the county is going,” Multauf said. “It’s been a real consistent program.”

The county saw a 15 percent cut last year after CORSA had a really good year, and refunded profits back to members, Multauf said.

Costs over the last 3 years
2014-15 – 171,145
2015-16 – 149,344

James Pruitt may be reached at

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