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<br /> <br /> distributing and exph,.ung the plan to everyone affected by it. dmploym and volunteers may <br /> need training to enable them to meet their specific risk management responsibilities. <br /> • Review And Revise Plan As Needed. The County must adapt to changes such as funding <br /> constraints, new services to address public needs, and the establishment of new laws. The Risk <br /> Management Department needs to evaluate its strategies at least once a year and evaluate the risk f <br /> management plan to ensure its continued relevancy, comprehensiveness and effectiveness. <br /> Having a risk management committee that meets periodically can help ensure that the issue of <br /> risk management receives ongoing attention. In evaluating the effectiveness of the program, <br /> answers to various questions should be reviewed, such as: Have the risk management techniques <br /> had the desired impact? Were injuries or accidents reduced? Did the program have a positive <br /> effect upon insurance requirements? Are greater or fewer resources available for controlling <br /> risks? Are revisions necessary to achieve the desired impact? <br /> <br /> <br /> The basic steps of risk management would be: <br /> <br /> Identification: Identifying services and assets that could cause a loss to your local government. <br /> <br /> Evaluation: Placing values on potential losses by determining how frequently a loss is likely to occur and <br /> how severe it could be. <br /> <br /> Treatment: Examining ways to handle risks by securing insurance coverage, preventing accidents, <br /> minimizing losses after an accident, and exploring ways to manage uncovered losses financially. <br /> <br /> Selection and Implementation: Choosing and putting into practice the methods selected to deal with risks. <br /> <br /> Program Monitoring: Overseeing the results to ensure the program is effective. <br /> <br /> <br /> <br /> Benefits of Risk Management <br /> <br /> More effective use of public fends-instead of paying medical claims, liability suits, and property damage, <br /> put dollars toward public programs and services. <br /> <br /> Decreased costs and increased productivity-preventing worksite accidents and injuries reduces medical <br /> expenses, as well as costs related to lost work days, replacement workers, etc. <br /> <br /> Reduced losses from natural disasters, lawsuits, and other unexpected occurrences. <br /> <br /> Identification of exposures you may prefer to cover through means other than insurance-or avoid <br /> completely. <br /> Increased potential for economic development and rural revitalization resulting from improved efficiency <br /> and effectiveness. <br /> <br /> <br /> <br /> <br /> <br /> <br /> 4 <br />