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Function
The
department is staffed with one (1) professional, the Risk Manager,
and one (1) para-professional, a Risk Management Clerk. It is a
support department that provides the district with the necessary
action plan and/or insurance products necessary for the
identification, categorization, evaluation, and management of risk
exposures. Although multi-faceted and very diverse, the main duties
entail the timely procurement and effective management of all the
district's insurance products.
Mission
Is
the mission of the Risk Management Department to implement sound
fiscal risk management planning and practices in order to maximize
all available resources and thus support the mission and goals of
the district.
Department
Goals
Support the mission of the
district.
Support the District/Superintendent's Priority
Goals.
Effectively manage all aspects of the district's
Risk Management programs and duties in order to account for and
maximize all available resources.
Department
Objectives
To procure all insurance
products on a timely basis.
To maintain the appropriate level of insurance
for all risks.
To maintain an effective loss ratio on all
insurances based on premiums paid, claims/ utilization, risk
exposures and market trends.
Prior Year
Highlights
Obtained a health
insurance refund premium of $698,143 based on the District loss
ration of 70%.
Obtained an estimated savings in the Life and AD&D
insurance premium of $30,000, or 30% for the second year
in a row.
Reduced
cost of premiums in the Property and Casualty Insurance by
3% or $16,165. |