Risk Management

Risk ManagementLafayette Consolidated Government owns its own insurance company with over $25 million in assets. This insurance company is the Risk Management Division within the Department of Finance and Management. Like all insurance companies, it has several sections that that contribute to the financial stability of the self-insured funds while providing services to insure the well-being of LCG employees and the public alike. These sections are the Group Health/Life Section , the Property & Casualty Claims Section, the Safety/Loss Control Section and the City-Parish Nurse/Wellness Section.

Group Health/Life Section
The Group Health Insurance Plan is self-insured and self-administered with a budget of approximately $18 million. The Section processes approximately 80,000 claims annually with 93% of all claims being paid In Network thru LCG’s PPO with American Lifecare. We are constantly reviewing and implementing new benefits for LCG employees such as Flexible Spending Accounts and retirement preparation. Life insurance for employees is two times their annual salary up to $100,000 and is funded thru a Flex-funded life plan administered by the Group Health/Life Section.

Property & Casualty Claims Section
The LCG is self-insured and self-administered for all lines of coverage including workers’ compensation, auto and general liability, errors & omissions and property. Including premiums, their budget is approximately $8 million.

Safety/Loss Control Section
The Safety Section is responsible for identifying risks to LCG employees and property and making recommendations on eliminating, transferring or insuring these risks. The Section does this by reviewing all job-related injuries and vehicle accidents, facilitating safety meetings for all departments, conducting job site inspections, inspecting LCG property and overseeing the Safety Award Program.

City-Parish Nurse/ Wellness Section
This Section is responsible for the health and well-being of LCG employees. The City-Parish Nurse performs pre-placement physicals and annual health screens including hearing, vision, EKG, spirometer, and testing for cholesterol, triglycerides and glucose. The Section also sees employees for job-related injuries for the Property & Casualty Claims Section and performs pre-certification and utilization review for hospital stays for the Group Health/Life Section. The Section also has vaccination programs for Hepatitis A and Hepatitis B, Anti-Rabies, flu and pneumonia, and tetanus. This Section also oversees the HAZ-MAT and Lead Abatement medical surveillance program. The City-Parish Nurse sees approximately 1,000 employees each year for personal health problems. Savings to the self-insured workers’ compensation and self-insured group health plan is approximately $600,000 annually.