2021 - 2023 PE Partners Strategic Plan

  • Author | Michael G. Fann
  • 1/5/2021 8:00 am

Public Entity Partners’ Board of Directors Approves New Vision, Mission and Values as Part of Our 2021 - 2023 Strategic Plan

 

In December 2020, Public Entity Partners’ Board of Directors approved a new vision, mission and set of values as part of a strategic plan that will guide our organization over the next few years.

 

Our Vision

Making a difference in the lives of Tennessee public entity employees and the citizens they serve.

 

Our Mission

We partner with Tennessee governmental entities in providing effective risk management products and services with a commitment to member best interests.

 

Our Values

Service

Integrity

Stewardship

Inclusiveness

Quality

 

In addition, Public Entity Partners has identified five priorities to help us work toward the vision and mission that have been established. These priorities include:

 

Organizational Culture

First and foremost, we are working to support our team members as they serve our membership. We view ourselves as a support system for our members — essential service providers across the state of Tennessee. Part of this process is developing and reviewing our own policies, procedures and practices to reflect and reinforce our adopted culture. This also includes helping our team members develop leadership skills and risk pooling knowledge.

 

Stakeholder Relations

As an organization that only works with governmental entities across Tennessee, we are mindful of the fact that each premium dollar that is paid comes from the state’s taxpayers. We have a fiduciary responsibility to them, as well as our members, to ensure we are deserving of public trust. 

 As we work toward achieving the vision and mission of our organization, we must reengage all stakeholders to share what Public Entity Partners is doing to reduce liability, protect public employees from accident and injury, and safeguard public resources.  

 

Change Management

As Winston Churchill famously said, “To improve is to change; to be perfect is to change often.” While we know that no organization is perfect, one of our priorities is to adopt a long-term, holistic approach to project management. Including all of our departments in upcoming changes or system implementations will help us to be more efficient, effective and, in turn, better at serving our members.

 

Financial Management

Stewardship and integrity are two values that are key to the financial management of any organization. As a governmental pool, we report to both the Tennessee Department of Commerce & Insurance and the Tennessee Comptroller of the Treasury. Our Board of Directors also establishes guiding policies that we follow as we carry out duties related to how we reserve claims, our investment policy, and determination of premium and rates. With new leadership in place, we are reviewing and reassessing each of the policies approved by our Board to ensure we are meeting the expectations of our members and the taxpayers of our great state.

 

High-Value Products & Services

Our members deserve liability, property and workers’ compensation coverage that meets their needs, as well as risk management programs and training that help keep employees safe and safeguard public resources. We began reviewing our programs in 2020, and as part of our strategic plan, we intend to continue this evaluation to ensure our members are satisfied and that our programs are being utilized.

 

In the coming weeks, more information will be available about PE Partners’ Strategic Plan and our continued efforts to serve our members.