Civic Mutual Plus is a self-insurance scheme providing insurance cover for its local authority members in the areas of public and products liability and professional indemnity.The "mutual" component of Civic Mutual Plus is the scheme's members collectively agreeing to indemnify one another against loss. Members make an annual financial contribution to create a funding pool that is sufficient to pay for the administration of the scheme, payment of claims and payment of premiums to re-insurance/excess underwriters to cover claims.
Established by the Municipal Association of Victoria in 1993 the scheme is owned by local government, controlled by local government and operates for the benefit of local councils, and other eligible local authorities, and the communities they serve.
Its overall aim is to maintain stability in the local government liability insurance sector by ensuring that there is an underwriter committed to a continuing willingness to write local government business and provide effective cover at reasonable premiums.
Its operational philosophy is:
- to apply sound risk management principles to reduce the incidence and frequency of claims;
- to achieve an early resolution of claims in order to minimise costs.
