“ The road to success is always under construction” – Lily Tomlin
As we try to navigate the troubled waters of public education financing these next few years, SELF will continue to dedicate its organizational efforts to provide to its members quality risk management options and excess liability solutions. Now more than ever, you need to know that you have a stable source of excess coverage to protect your district when things go amiss. It is with this goal in mind that the SELF Board held their annual Strategic Planning Session in San Diego this January to chart the course for the upcoming year. It was an opportunity to listen to our member's needs and focus our core strengths and values while creating responsive and innovative programs.
SELF CHOICE
SELF is introducing the first following form excess liability memorandum of coverage specifically designed to sit in excess of the numerous underlying memorandums of coverage that are offered by our many JPA members. You now will have a choice, working in conjunction with your underlying JPA, between either the standard SELF memorandum of coverage or the SELF following form memorandum of coverage. You decide which document better fits your needs. Stay tuned for more information about SELF CHOICE, as we will be providing the memorandum for review by mid-April.
SELF HELP
As the exposure to districts seems to continue to rise, determining how much coverage is enough appears to be the unanswered question. SELF is in the process of developing a High Excess Limit Program, which will allow for current non-pool participants to obtain a non-voting membership (HELP member), which in turn will allow for that HELP member to participate in the higher limits program. The program will attach excess of $25M with limits up to $50-75M. It allows for HELP members to take advantage of the scalability found in the high limit program, while providing large loss capacity at economical pricing.
These are just two of the ways SELF is stepping up to meet the challenge to be there for you, our members. Working together as a team, we will continue to be your premier and preferred excess program.
