The Colorado Special Districts Property and Liability Pool was formed in 1988. At that time insurance companies held the view that public entities were not an insurable risk and many districts could not get coverage and/or could not afford the high rates.
Unlike standard insurance companies, the Liability Pool is an organization whose only purpose is to provide high quality services to Colorado special districts. Pool Members are not just purchasing insurance, they are investing in a long-term strategy to control and reduce future insurance expense.
Since 1988, the Liability Pool has grown to over 1161 members participating in the Property & Liability and Workers’ Compensation programs.
As the Pool matures, it provides financial security for its Members and allows Members to design and meet their own coverage needs. Enhancements to standard industry coverage are driven by the needs of Pool Members and include (subject to the Pool’s Coverage Document terms, conditions and limits):
- Pre-Loss Legal services
- Bonds / Securities
- Sexual Molestation, Tortuous Physical or Sexual Contact
- Mold, Fungus
- No-fault Water and/or Sewer Back-Up
- Expanded Pollution Liability
- Special Events coverage
- Liquor Liability
- Workers’ Compensation coverage with $2 million Employers Liability limit
- Excess Liability limits
The mission of the Liability Pool is to provide Colorado special districts a viable and stable alternative to the traditional insurance marketplace at competitive rates and with exceptional customer service, claim handling and loss control assistance.
More information about the Liability Pool please visit the website at: http://www.csdpool.com/