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Budget Year / Version:
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Program Description

  Insurance

The Montgomery County Self-Insurance Program, established under County Code 20-37, provides comprehensive property and casualty insurance for the County and participating agencies. The program is funded through contributions from the agencies, which are based upon an annual actuarial analysis of their exposures and outstanding and projected future claims. The program provides accurate and timely insurance and risk management advice to County Departments and participating agencies and reduces County and participating agency exposure to risk by: comparing the cost of commercially available coverage to evaluate the best method of funding exposure to loss; transferring contractual risk under indemnification/hold harmless agreements; recommending and reviewing contractual insurance requirements for County vendors; avoiding risk; and purchasing commercial insurance policies.

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Program Contacts

Contact Jedediah Millard of the Department of Finance at 240.777.8855 or Anita Aryeetey of the Office of Management and Budget at 240.777.2784 for more information regarding this department's operating budget.

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Program Performance Measures

Program Performance MeasuresActual FY17Actual FY18Estimated FY19Target FY20Target FY21
Workers Compensation - Cost per $100 of payroll3.342.882.912.912.91
Workers Compensation - Number of Montgomery County Government cases resulting in lost work time485554575590590
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Program Budget Changes

FY20 Recommended ChangesExpendituresFTEs
FY19 Approved647676084.00
Increase Cost: Claims Expense Increase Estimated by Actuary35065200.00
Increase Cost: Commercial Insurance Premiums Increase Provided by Insurance Broker8405850.00
Increase Cost: Claims Service Contract Administrative Costs1802960.00
Decrease Cost: New Broker Service Contract-526000.00
Multi-program adjustments, including negotiated compensation changes, employee benefit changes, changes due to staff turnover, reorganizations, and other budget changes affecting multiple programs.-3475070.00
FY20 Recommended688949024.00