2013 Annual Budget - City of Bremerton

Risk Management
2013 Budget Highlights:
2013 Capital Considerations:
Identify and project liability loss exposures
and hazardous working conditions and recommend
effective prevention, mitigation
and financing techniques.
Negotiate, procure and administer the
City’s property, liability, workers’ compensation
and surety insurance and selfinsurance
programs.
Investigate, evaluate, and resolve selfinsured
liability claims presented against
the City.
Assure compliance with State’s industrial
insurance laws by providing mandatory
workers’ compensation benefits in a cost
effective way.
Present, negotiate and resolve City claims
and secure recovery from others for damage
to City property.
The Risk Management Fund has does not
have capital funds budgeted for 2013.
2012 Accomplishments:
2013 Goals:
Met established goal of maintaining a reserve
balance at least equal to the projected fund
liability.
Through the August 2012, resolved 45 liability
claims.
Through the August 2012, recovered $18,057
from third parties related to City property
damage.
Successfully resolved property damage insurance
claim related to the Wastewater Treatment
Plan biofilter.
Provided oversight to the City’s Safety and
Health Committee and continued implementation
of new policies to provide a safe workplace
for employees.
Assisted with implementation of code changes
necessary to establish a City Safety Officer.
Conducted an evaluation of all lines of insurance
coverage to determine if the City has
adequate levels of coverage.
Continue to maintain a reserve balance at
least equal to the projected fund liability.
Obtain favorable renewal rates for the City’s
property, liability, workers’ compensation
and surety insurance.
Continue to maintain lower workers’ compensation
assessments than would be charged
by State Fund.
Continue to provide risk management and
safety training to City employees.
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