The Fund’s coverages are designed to meet the vast majority of community MHMR centers’ insurance needs. Coverages not provided by the Fund can be placed through the Fund with various insurance carriers. This enables members to obtain all necessary coverages by contacting the Fund.
The Fund’s liability program includes automobile liability (AL), general liability (GL), professional liability (PL), and public officials errors & omissions liability (E&O). The Fund's liability coverages have been custom tailored to meet the risk financing needs arising out of exposures commonly faced by community MHMR centers in Texas.
The Fund’s coverages continue to evolve based upon the changing needs of centers and new developments in the marketplace. Some examples of this include excess coverage for employees transporting clients in personal vehicles, coverage for volunteers and practicum students, and employment practices coverage for allegations of discrimination or sexual harassment.
The Fund offers limit options up to $5 million for all lines. Standard deductibles range from $1,000 to $50,000. AL and GL coverage is provided on an "occurrence" basis. PL and E&O coverage is provided on a "claims-made" basis. Defense costs are in addition to the limit of liability for AL, GL, and PL. Defense costs are included in the limit of liability for E&O.
The Fund offers workers' compensation coverage with the benefits set forth in the Texas Labor Code, like standard market insurance companies and other self-insurance pools. Workers' compensation covers medical bills and income benefits should an employee sustain an on-the-job injury.
As an alternative to the standard, guaranteed cost, workers' compensation coverage, the Fund offers a Minimum Contribution Plan (MCP). Under the MCP, member contributions are determined based on actual member losses for a given year, subject to maximum and minimum amounts. When properly budgeted, this significantly improves cash flow for participants.
Within the property program, the Fund offers property, boiler and machinery, and automobile physical damage. The Fund’s property coverage is broadly written to provide maximum protection to members. Examples of the broad form include:
- All Risk coverage to cover all perils not otherwise excluded
- Blanket Limit coverage basis which affords limits equal to combined values
- Replacement Cost basis to cover the cost of inflation and appreciation
- Automatic Coverage for various types of loss including client property and property of others, newly acquired locations, and property under construction.
The Fund's minimum property deductible option is $1,000.
Automobile physical damage coverage is provided for protection for damage to center owned or leased vehicles. The Fund offers collision, comprehensive, and specified causes coverage. The standard deductible options for automobile physical damage are $500 and $1,000.