Water Authority’s New Insurance Program Aids Small Businesses
January 23, 2002
The San Diego County Water Authority is offering a new insurance program that will open the door for more small…
The San Diego County Water Authority is offering a new insurance program that will open the door for more small businesses to participate in contracted work. The service was designed to make it easier for contractors to meet the insurance requirements of the Water Authority by providing a cost-saving alternative to the rates offered by most insurance companies.
“Implementation of this program is a win-win for both contractors and the Authority,” said James F. Turner, Chairman of the Board. “We wanted to open up opportunities for small contractors to do business with the Authority by removing barriers.”
Small contractors who search independently for insurance often find the premium is costly and the enrollment process lengthy and cumbersome. This new option eliminates those drawbacks by offering coverage calculated by the contract amount, making it contract-specific.”ÂThe new service has low-cost premiums, low deductibles, and is pre-approved. Contractors need not have prior insurance coverage, nor is there a need to alter their current insurance program. It is administered by R.F. Driver Insurance Brokers with the Authority and is available to all contractors and consultants.
This insurance option is also being used by several public entities in the state of California, including: the city of San Diego, county of San Diego, San Diego Housing Commission, San Diego Metropolitan Transportation System and the Port Authority.
The San Diego County Water Authority is a public agency serving the San Diego region as a wholesale supplier of water from Northern California and the Colorado River. The Water Authority works through its 23 member agencies to provide a safe, reliable water supply to almost three million county residents.
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The San Diego County Water Authority sustains a $268 billion regional economy and the quality of life for 3.3 million residents through a multi-decade water supply diversification plan, major infrastructure investments and forward-thinking policies that promote fiscal and environmental responsibility. A public agency created in 1944, the Water Authority delivers wholesale water supplies to 24 retail water providers, including cities, special districts and a military base.
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