I bet you know that every dollar a county spends on property damage, work related injuries, liability claims, automobile claims, accidents, insurance premiums and the like, is a dollar not spent on providing county services. But do you know how to manage those risks?
Risk management is an important tool for local governments. At “The Basics of Risk Management” 2017 MACo winter conference session, presenters Lawrence J. Bohlen, Director of Field Services, and Jeffrey Perkins, Loss Control Consultant, from the Local Government Insurance Trust (LGIT) taught attendees the importance and benefits of managing risk, the ways of identifying and analysizing loss exposure, risk financing, and other aspects of the risk management process. Using case studies and role play, attendees applied the principles they learned hands on.
Additionally, attendees of the session that are participates in the Academy Fellows certificate program received credit for the Academy for Excellence in Local Governance. The Academy for Excellence in Local Governance is a volunteer certificate program for elected and appointed county and municipal officials. The program provides a strong background of necessary skills and knowledge for local government leaders. It was founded by MACo and MML, is facilitated by the University of Maryland’s School of Public Policy, and is sponsored by the Local Government Insurance Trust (LGIT).
This session was moderated by President of the Commissioners of St. Mary’s County Randy Guy and held on Wednesday, December 6 at the Hyatt Regency in Cambridge Maryland.