Risk Management  P-8331 

8330     Business Services                                                                         

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1.0 Risk Management Objectives

1.1 The Los Rios Community College District's policy with respect to the management of all risks of accidental loss shall have as its objectives:

1.1.1 The health and safety of all employees and students who are on district properties in the course of their daily pursuits and the public participating in district and other activities on district properties.

1.1.2 The protection of the District against the financial consequences of accidental losses.

1.1.3 The preservation of the District's assets and service capabilities from loss or destruction.

1.1.4 The creation and implementation of a system of internal procedures providing for a constant reassessment of a) fluctuating exposures to loss, and b) available financial resources of the district and it's loss-bearing capacity which includes appropriate insurance coverage.

2.0 Administration of Risk Management Programs

2.1 The Board recognizes that success in meeting risk management objectives requires the full and earnest cooperation of all.

2.2 The District will maintain an effective safety and loss control program that will:

2.2.1 Provide a safe, healthful environment of all.

2.2.2 Minimize the risk of human economic loss from preventable personal injury or property damage.

2.2.3 Provide the physical security of the District's people and property.

2.2.4 Comply with all applicable laws and regulations.

2.3 To preserve the stability of the insurance program, changes in carriers normally will not be made except where material advantage will result.

2.4 The District shall promote safety awareness in the work place in order to minimize work related injuries.

2.4.1 The Board encourages safety incentive programs and supports such programs as determined by the Chancellor or designee.

2.4.2 An annual amount not to exceed ten thousand dollars ($10,000) shall be set aside for such purposes.

3.0 Risk Retention and Risk Transfer

3.1 Risk of loss will be retained or transferred depending upon the economic benefit to the District and the District's financial ability.

4.0 Filing of Claims

4.1 The District shall adopt regulations requiring the filing of claims against the District. (Govt Code  935)

Policy Adopted:          9/1/65                         (Formerly P-8441)
Policy Revised:            2/1/67; 2/4/81; 6/16/82; 11/7/90; 1/12/94;3/15/95
Policy Reviewed:
Adm. Regulation:         R-8331

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