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Risk Management


Mission

 

To minimize the financial burden incurred by its citizens as a result of fortuitous or accidental loss to which the City is exposed to and to protect the assets, operations and employees of the City to the maximum extent from the adverse consequences of losses that may arise from vehicular accidents, physical damage to property, and injury in the work place.

 

Objective

 

To ensure that the City is protected through risk transfer in contractual agreements, to review and approve insurance provisions and requirements in a timely manner and to hold the City harmless in City contracts.  To ensure that a safe work place exists for employees and to ensure that the City’s assets and operations are adequately protected.

 

Frequently Asked Questions:

 

What type of coverage is required for a construction, service and professional contract?

 

Most contractual agreements that the City enters into are required to carry some type of insurance.  The insurance will generally be based on the scope of work and contract value.

 

Is a payment and performance bond required for all projects?

 

Payment and performance bonds will be required on all construction contracts above $20,000.   Non-construction contracts will also be required to have bonds, but a waiver may be granted on a case-by-case basis.

 

How do I file a claim for damage sustained to my vehicle?

 

All inquires related to auto damage should be directed to the City Clerk's Office and/or the Law Department.  Risk Management only handles damage received to City vehicles as a result of third party accidents.