DHF Annual Report 2009 - NT Health Digital Library - Northern ...

However recommendations were made toimprove supporting documentation, updating ofthe procedures manual, authorising of delegateapprovals and travel and spectacle concessionpayments.Insurance ArrangementsIn accordance with Treasurer’s Direction R2.1Insurance Arrangements, the following informationprovides an overview of the agency’s insurancearrangements and details the key mitigation strategiesand processes in each insurable risk categoryAs a general principle, and in accordance with theTreasurer’s Directions, the Department self insuresits risks and manages potential exposures throughextensive mitigation practices. Where insurable riskevents occur, the Department meets these costs asthey fall due.in R2.1, the Department has in place the followingmitigation strategies and processes: property and assets – facility, plant and equipment The costs of self insurance claims are monitored bythe Department with the exception of property andassets insurance category which are not separatelyrecorded, but form a component of the larger repairsand maintenance costs. The total costs for selfinsurance claims for the other insurance categoriesare as follows:Table 7: Self insurance claims cost 2008-09 to 2009-102008-09 2009-10$000 $000Workers Compensation 3,400 3,413Public Liability 0 23Indemnities 1,340 425Under Treasurer’s Direction R 2.1.6.2, theDepartment has a standing Treasurer’s approval topurchase commercial insurance on behalf of fostercarers to cover carers for public liability, motor vehicleand building and contents risks. The commercialinsurance premium expenditure is as followsTable 8: Commercial insurance premium expenditure 2008-09 to 2009-102008-09$0002009-10$000Insurance Premiums 39 42The contractual relationship is between the fostercarers and the insurer, therefore the Department is notparty to information regarding claims costs under thecommercial insurance policies. 84Department Health and Families