Running a city comes with its fair share of risks, from public safety to employment issues and countless other concerns, both predictable and unforeseen. At ICRMA, we understand the challenges you face and are here to help you control and manage those risks effectively, while also reducing the costs associated with maintaining a risk management program.
Why Choose ICRMA?
Accountability: We are a member-controlled organization, driven by service and value rather than profit. As a member, you actively participate in our governance, with a seat on our Board that meets six times annually.
Broader Coverage: Our collective size enables us to negotiate broader coverages with insurance markets, ensuring that you have the protection you need for your city.
Budget Relief: Through group purchasing of insurance, we secure attractive rates for our member cities. Our rate stability allows you to budget better, even in the face of market fluctuations. Our proactive risk control and claims management services help drive down costs, and our cost allocation models reward positive loss histories.
Efficiency: We coordinate annual cycles of buying insurance, auditing claims handling, and securing actuarial services for funding self-insured retentions, saving you time and effort.
Flexibility: We understand that every city has unique risk management needs. That's why we offer members the flexibility to select the risk control services that best fit their individual requirements.
Wide Range of Coverage Programs: As a member, you have access to a comprehensive menu of coverage programs, including Liability, Workers' Compensation, Property, Auto Physical Damage, Earth Movement & Flood, Crime, Cyber Liability, and Special Events.
How Can ICRMA Help Your City Reduce Risk?
ICRMA offers experienced and proven risk strategies and services that provide our members with financial flexibility, expert guidance, quality training, and accurate analyses. Our goal is to help you protect or even reduce costs through insightful, informed, and proactive risk management.
In addition to our coverage programs, we leverage our group's purchasing power to offer a full range of services that help our members control risks at better rates than they could obtain on their own.
To learn more about how ICRMA can help your city reduce risk, please email us at icrma@rpadmin.com. We recommend preparing cost indications for liability and workers' compensation self-insured programs, and we will work with your agency to prepare quotes for other programs based on your interest.
To get started, we will need the following information:
- Actual payroll for the past ten (10) years, preferably provided in Excel format. If fiscal years are complicated, calendar year payroll can be provided for quoting purposes. If you choose to pursue membership, we will need quarterly payroll information for the past 6 quarters.
- Estimated current year payroll, which can be added to the Excel spreadsheet mentioned in item #1.
- Liability claim loss run (Excel is preferred) for the past ten (10) years through the present. The loss run should include details such as the date of incident, claim number, description of the claim, total paid amount, total reserve amount, total recovery amount, and total incurred amount.
- Workers' compensation claim loss run (Excel is preferred) for the past ten (10) years through the present. The loss run should include details such as the date of incident, claim number, description of the claim, total medical paid amount, total reserve amount, total indemnity paid amount, total recovery amount, and total incurred amount.
- Your city's preferred member retention limit (MRL) for liability and workers' compensation. We can provide estimates for several different MRLs for comparison.
At ICRMA, we are committed to helping our members effectively manage risks and protect their cities. Contact us today at icrma@rpadmin.com to learn more about how we can support your risk management efforts.