SDPAA – New Coverages, New Website, New Services On January 1, 2015, following a two-year transition period, the South Dakota Public Assurance Alliance (SDPAA) began performing finance, underwriting, administration, and marketing services in-house. These services were previously performed by Hagan Benefits, Inc. According to SDPAA Executive Director, Judy Payne, this is a normal course of business for governmental risksharing pools which have reached the level of financial stability and sophistication that the SDPAA has attained and maintained. The SDPAA has made it a priority to provide for a seamless as possible transition for Members while working to improve and enhance coverages and services provided. With this move, SDPAA Members will experience many positive changes in 2015 including: j Rate reductions for nearly all coverages j Addition of Enhanced Crime Coverage j Addition of Cyber Liability Coverage j Increased communication from SDPAA Member Services staff
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Enhancements in risk management, safety, and loss control training and resources
New Coverages j Enhanced Crime Coverage – Recognizing Members’ needs for more crime coverage than is typically provided through Employee Dishonesty Bonds required by statute, the SDPAA is moving to Enhanced Crime Coverage in 2015. As opposed to traditional individual Employee Dishonesty Bonds, this new coverage covers all employees and elected and appointed officials of our local governmental entity Members and goes beyond the types of crime covered in Employee Dishonesty Bonds, further protecting our Members. Members who choose to take advantage of the Enhanced Crime Coverage will see reductions in costs while increasing and broadening crime coverage. As we work through Members’ annual renewals, SDPAA staff will be explaining the program and giving Members an opportunity to purchase the levels of coverage which meet the minimum required by statutes and to expand crime coverage if a Member so chooses.
SOUTH DAKOTA MUNICIPALITIES
