Self-InsuranceAdvantages Of Pooling Cyber Liability Coverage
NMAC administers three self-insurance pools that provide coverage for member counties. NMAC and New Mexico counties collaborated and founded the Workers’ Compensation pool in 1987 and the Multi-Line pool in 1989. The pools were formed to provide affordable coverage for counties when it was difficult and sometimes impossible for counties to obtain commercial insurance. The Law Enforcement pool was formed in 1995 to provide liability coverage for sheriff departments and detention centers when State Risk Management decided to no longer provide coverage
Workers’ Compensation Pool
The Workers’ Compensation Pool provides comprehensive medical and lost-time coverage for all county member employees (including temporary employees). There are currently 31 counties in the pool. NMAC handles all claims on behalf of the counties, and works closely with counties by providing extensive safety training.
The Multi-Line Pool provides extensive property and liability coverage for member counties. Coverage is offered for property, general liability, public officials’ errors and omissions liability, employee benefits liability, crime, and automobile liability. Supplementary coverage is also provided for boiler and machinery, and land use. Currently, this pool provides coverage for 28 member counties.
Law Enforcement Pool
The Law Enforcement Pool provides coverage for law enforcement activities, which includes sheriff departments and detention centers. Currently, the pool provides coverage for 28 member counties, which includes 22 adult detention centers and 10 juvenile detention centers. NMAC has established accreditation programs for both sheriff departments and detention centers to help foster professionalism and best practices in these county departments.