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<br /> <br /> <br /> <br /> <br /> <br /> COUNTY OF HAWAII <br /> <br /> DEPARTMENT + FINANCE <br /> <br /> PROCEDURES MANUAL. RISK MANAGEMENT <br /> <br /> SUBJECT: <br /> RISK MANAGEMENT PROGRAM <br /> <br /> <br /> 2. Avoidance of Risk <br /> a. A continuing program of audit and analysis of potential risks <br /> shall be developed and operated to monitor all County <br /> departments and agencies. <br /> b. Where possible, risk shall be eliminated or minimized. <br /> c. Where not practical to eliminate or minimize, risk shall be <br /> transferred to other public or private entities whenever <br /> possible. <br /> d. Efforts of the Safety Coordinator, the Civil Service <br /> Director, and other educational and training efforts of the <br /> County shall be coordinated by the risk manager to maximize <br /> the avoidance of risk. <br /> 3. Retention of Risk <br /> a. The risk manager shall annually determine the amount of <br /> aggregate self-insured retention and deductibles from <br /> insurance coverages to be retained as risk and likely to <br /> become an expense. <br /> b. The risk manager shall also calculate the acceptable amount <br /> of losses from small claims which arise from a reasonably <br /> predictable number of small losses. <br /> c. The estimated total amount of retained risk shall then be <br /> incorporated in the annual budget in the Miscellaneous <br /> Insurance, Claims and Judgments account. <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> EFFECTIVE DATE: 1 1 REVISION NO.: PAGE OF SECTION-CODE-APPENDIX <br /> 7 8 <br />