the municipal secretary desktop reference manual - Southwestern ...

12. Risk reduction activities are comprehensive in nature and include ways to minimize
legal actions from tortuous acts, curb peculation losses, and means to lower costs and
frequencies of accidents.
13. The jurisdiction=s insurance coverage program is based upon the basic objective of
lowest possible cost balanced against acceptable claims, service record, safety
engineering services, an insurance company=s capacity, and depth of experience in
servicing municipalities.
14. Risk retention activities are structured on the least cost principle of securing maximum
protection.
15. Risk avoidance (or elimination) is a control means which the municipality uses only
when the total costs (or estimated cost) of a program (proposed program) are (will be)
prohibitively expensive, particularly when compared with the costs of providing other
services.
16. The municipality=s funding for its risk management program is structured so that the
jurisdiction obtains the lowest reasonable direct cost for risk funding, that sufficient
money is available (or access to it) to meet the worst possible loss, and that means exist
to provide maximum stability of funding costs over time.
17. The governing body has adopted and disseminated to appropriate personnel internal
operating procedures for the risk management program. These include procedures
governing claims reporting, contract review, safety and filling deadlines and timetables.
Yes
Yes
Yes
Yes
Yes
Yes
No
No
No
No
No
No
XIV-6