HomeMy WebLinkAboutPOL-041-24 Risk Control
COUNTY OF NEWELL - POLICY HANDBOOK
POLICY NO: POL-041-24
TITLE: RISK CONTROL
ADOPTED: May 9, 2024 (C-157/24)
SUPERCEDES NO: 2012-PAD-049 PAGE NO: 1 of 1
POLICY PURPOSE: The purpose of this policy is to establish an effective Risk Control Program
(RCP) for identifying, assessing, mitigating, and managing risks inherent in the operations,
services, and activities undertaken by the County. The County is committed to safeguarding public
interests, assets, and resources against potential risks.
_______
POLICY GUIDELINES: The basic goals and objectives of the RCP are as follows:
To control the frequency and cost of Property, Liability and Automobile claims
incurred.
To help control and reduce long-term insurance costs.
To protect ratepayers from the interruption of important municipal operations and
services.
To help protect the public interest and ensure a safe and well-managed community.
To help ensure a mutual benefit for the County and other Municipalities in the Province
of Alberta, we support the exchange of knowledge and information with other
Municipalities that are implementing and or participating in risk control and reduction
initiatives.
ROLES & RESPONSIBILITIES:
To satisfy these goals and objectives, the County has implemented a RCP based on the
following roles & responsibilities:
All County staff report potential risks, incidents, and claims to their respective
managers. Management shall bring these risks forward at management team
meetings for review and discussion.
Risks are documented and tracked within a risk register, each risk is ranked based on
its likelihood of occurrence and its potential consequence. The reporting manager is
responsible for ensuring that the identified risks are properly documented in the
register.
During management meetings, the risk register is reviewed, with management
presenting strategies for assessing risk improvement and reporting findings.
Management, or their delegates, will ensure education is provided for staff on risk
management practices, emphasizing the importance of their role in identifying and
preventing risks within their areas of responsibility.
Comprehensive insurance coverage is held to mitigate any financial risks posed to the
County. Responsibility for administering the County’s insurance program is assigned
to specific staff by the Chief Administrative Officer. An annual review will be conducted
to confirm that the coverage remains effective and relevant.