Sheriff's Department to see deductibles rise amid national trend for law enforcement - The Missourian

The Franklin County Sheriff’s Office will see higher deductibles on its liability insurance in 2022.

County commissioners gave preliminary approval to purchase insurance from QBE Insurance Group for an annual premium of $118,379, with a $25,000 deductible, at a Dec. 23 workshop meeting. They chose that over another QBE quote, which charged a lower premium of $109,455 but had a $50,000 deductible.

Intact Insurance Specialty Solutions, the county’s former law enforcement liability insurance provider, no longer offers law enforcement liability, said Ted Schroeder with Schroeder Insurance, of Union, the county’s insurance broker.

“Basically, their re-insurance company pulled the plug on their law enforcement special liability,” Schroeder said. “Insurance companies buy insurance.”

Intact’s premium was higher than QBE’s, but it only charged a $15,000 deductible, Schroeder said.

The county also had the option to purchase through Travelers Insurance, but that would have been a longer process with law enforcement reviews, Schroeder said.

The Intact policy will retroactively cover claims for incidents that happened before 2022 but weren’t filed until later , Schroeder said.

For example, in Tupelo, Mississippi, Lee County saw its law enforcement liability premiums increase to about $177,000 in 2022 from about $134,000 in 2021, while deductibles also increased to $50,000 from $25,000, according to the Daily Journal. That county has two pending lawsuits filed against it by “well-known plaintiff’s attorneys.”

source: https://www.emissourian.com/local_news/sheriff-s-department-to-see-deductibles-rise-amid-national-trend-for-law-enforcement/article_27b71b82-6e81-11ec-bd7a-6743dabafc09.html

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