Risk Alerts and Communications

Many people believe that purchasing insurance coverage is all it takes to protect their operations. While obtaining insurance is a crucial aspect of protecting your people and property, it should be only one element in a comprehensive package of tools, services, and risk transfer vehicles designed to economically mitigate your risks.  It is important to realize that it is both impossible and undesirable to eliminate all risks, but it is certainly possible to lessen, or mitigate, risks.

A Risk Alert is a service of the Office of Risk Management designed to provide notice of a topic of concern or high risk to the facility, its operations or its people. Periodically, a Risk Alert or other communication is issued to our participants as a warning or reminder of a potential or imminent hazard.  The Risk Alert can be in the form of a bulletin, memorandum or newsletter and is designed to make you aware of probable risks or adverse conditions that could cause injury to people, damage to property or financial losses to your institution.  The goal is to educate and inform as well as provide useful and proactive measures to help you maintain your property and continue to provide a safe environment.

The sources for Risk Alert communications often come from within our own files. Situations and circumstances that arise in one location are often relevant at some time or another in all our locations. A Risk Alert could be weather-related, alerting our participants to particularly harsh or dangerous imminent weather conditions.  It could be a reminder to maintain heat in unoccupied or infrequently used buildings or wings so that pipes do not freeze and burst. A Risk Alert can also inform you of an increase in theft and break-ins in your area and ask you to properly secure your property and alert your employees of potential dangers.

Please pay close attention to these alerts and distribute them to your staff so that they may implement the recommended actions. Your feedback on these communications is also helpful in improving this service and evaluating its impact.

We hope that you find these communications helpful and that you use them as you continue to provide valuable services to your community.