Through pooling, California Schools Risk Management (CSRM) can create a stable, comprehensive, competitive program designed specifically for public entities. The all-risk Property Program offers comprehensive "peace of mind" coverage for physical assets, i.e., buildings and building contents, including Electronic Data Processing Equipment (EDP), pollution, flooding, and course of construction. Coverage includes repair or replacement for real and personal property. Members also have the option to purchase earthquake coverage.
In addition to comprehensive property coverage, CSRM understands the importance of appropriately tracking district property and construction projects, as well as proactive measures to mitigate potential losses. The following tools and resources have been developed to assist our members with managing their property.
A schedule of values (SOV) is an essential document that provides a detailed, itemized breakdown of the asset being insured. This document allows insurers to accurately assess risk and determine appropriate coverage and premiums. By keeping the SOV information current, you ensure your coverage remains accurate and sufficient.
To update information on the District’s Schedule of Values (SOV) or request a copy, please email slc@csjpa.org
Districts that are planning to undergo construction/re-construction must immediately report the construction project information to CSRM by submitting the following Construction, Occupancy, Protection, Exposure (COPE) Form to slc@csjpa.org.
This form provides information regarding how the building is built, how it’s used, which protective measures are in place, and which external hazards exist, and to help assess and manage risk accurately. This process is designed to protect buildings during the construction phase.
Vacant properties are susceptible to a unique set of hazards that should be considered and addressed to avoid losses. Members should report any vacant buildings immediately to CSRM by completing the Vacant Building Registration Form and emailing slc@csjpa.org. In addition, the following resources are available to CSRM Members as best practices for vacant building loss prevention.
Having a water intrusion and flood control plan is crucial for organizations. These plansassist in efforts to protect property from significant water damage, including structural harm and the destruction of valuable equipment. This proactive approach can save substantial costs associated with repairs, replacements, and downtime, reducing the financial burden of unexpected water-related incidents. Additionally, preventing water intrusion is vital for health and safety, as it can lead to mold growth, posing health risks to employees and visitors. A comprehensive plan ensures a safer environment by mitigating these hazards.
Operational continuity is another important aspect, as flooding can disrupt business operations, leading to delays and loss of productivity. A flood control plan ensures that operations can resume quickly, minimizing the impact on business activities. Furthermore, effective management of water intrusion protects organizations from legal liabilities and damage to their reputation. A documented plan demonstrates due diligence and a commitment to maintaining high standards of care. By having a robust water intrusion and flood control plan, organizations can safeguard their assets, protect their workforce, and maintain operational efficiency even in the face of unexpected water-related events.
