The COMPACT was initiated in 1995 to create member accountability and adherence to effective risk management practices. The COMPACT helps provide an assurance to each member that their resources and efforts toward managing risk are being matched pool wide. The COMPACT's primary function is to provide an annual risk management performance audit that reviews individual department risks and also require specific trainings to be completed. Annual topics have included:
Liability prevention measures for Police
Personnel and Public Records
Washington Cities Insurance Authority (WCIA) received an Association of Governmental Risk Pools Award for establishing the COMPACT, recognizing the innovative tracking and measurement of both pool-wide municipal risks and individual member exposures.
Appoint and update WCIA Delegate and Alternate when changes occur
Delegate and upper management participation at the Annual Review and Audit
Delegate or Alternate attendance at one of the three Full Board Meetings
Member participation in three WCIA trainings; one of the three to include Delegate or Alternate attendance at one WCIA Full Board Education session.
Pay assessments on time by January 30 postmark
Report Claims in a timely manner per the Claims Manual policies