Risk Management

200 E. Main St., Suite 925
Lexington, KY 40507
Tel: (859) 258-3094
Fax: (859) 425-2476

Email Us

Director:
Patrick Johnston


Our Primary Links

Risk Management's Main Page

Administration

Claims Processing and Underwriting

Safety and Loss Control

Glossary of Terms



spacer Risk Management Administration Section
Risk Management saves taxpayers about $2,000,000 annually by directing a self-insurance program.

Goals and Objectives
Preserve the assets of the LFUCG by identifying, measuring, and treating property, liability, and personnel pure-risk exposures.

  1. Coordinate annually with all departments and divisions to identify and document all LFUCG loss exposures to determine if risk treatment is appropriate and cost effective.
  2. Prepare a stewardship report that reflects the services rendered by the insurance broker.
  3. Continue updating the LFUCG's self-insurance policy to reflect current ISO (Insurance Services Office) language, insurance requirements, and insurance provided by contractors/vendors and others.
  4. Coordinate with Budgeting and Finance to ensure that self-insurance loss reserves are adequate to pay all recognized losses through the use of a certified actuarial analysis.
  5. Conduct insurance workshops to assist commissioners and directors with required insurance reporting knowledge.
  6. Design/implement/monitor special insurance programs for construction projects.
  7. Prepare an annual "cost of risk" report to benchmark LFUCG risk management with other public entities of similar size and type in the areas of costs/$1000 of revenue, policy limits, self-insured retention limits, premiums, and risk management staffing.

Participate in management/supervisory/staff training programs that will maintain, update, and prepare all Risk Management personnel for current and future trends in the risk management career field.
  1. Encourage Risk Management personnel to undertake self-study programs that will enhance their professional development, retention, and promotion opportunities within the division.
  2. Participate in, and monitor risk managers and supervisory personnel's progress in the LFUCG's management/supervisory training and development program; ensure that each risk manager and supervisor receives a minimum of nine hours training per quarter, providing classes that are offered that will satisfy the training requirements.
  3. Encourage Risk Management personnel to participate in professional associations that conduct regular meetings with programs that update them on current trends/practices in their respective career fields.
  4. Ensure that each employee of Risk Management receives division guidelines training.


Risk Management Administration Staff:
859-258-3094