January 25, 2002

Water Authority's New Insurance Program Aids Small Businesses

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 draw backs by offering coverage calculated by the contract amount, making it contract-specific.

The new service has low-cost premium 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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