(A) A risk management program for the city is hereby adopted for the protection of persons and property from accidental injury or damages through the avoidance or reduction of risks over which the city has control, for the protection of the city and its public officials against catastrophic financial consequences of accidental losses which do occur, and for the containment of employee health and life benefit costs.
(B) The program shall address and administer the following specific objectives:
(1) Risk identification and evaluation. Identifying and measuring all risks of accidental loss and evaluating the alternate methods of treating such risks, including elimination, reduction, self-assumption, contractual transfer and insurance.
(2) Safety and loss prevention. Maintenance of overall responsibility for establishing, implementing and monitoring an integrated safety and loss prevention program.
(3) Risk management information systems. Development and maintenance of information systems for tracking asset information and values, loss data, insurance premiums, deductible costs, uninsured losses, and all risk related costs.
(4) Claims management. Establishment and implementation of a loss reporting, claims processing, and follow-up system so as to ensure prompt notification of loss and insurance reimbursement where applicable.
(5) Self-insured workers' compensation program administration. Administration of the city's workers' compensation program in full compliance with state law and in a manner which will minimize the city's costs.
