Risk Managment - Loss Control
The district has a number of policies, procedures and best practices established to minimize the potential for a loss to occur. Loss can occur at any level, in any program. Therefore, is the responsibility of each individual to recognize the loss potential and take steps to minimize their exposure. Typical loss control methods are:
- Avoidance which involves choosing not to own an asset or engage in an activity that gives rise to the possibility of loss.
- Loss prevention techniques to try to reduce the frequency of a particular loss (i.e., try to find another way to accomplish the same objective with less risks).
- Loss reduction techniques to try to decrease the severity of a particular loss (i.e., use of play chips under play equipment to cushion falls).
- Segregation of exposures by separation or duplication (i.e., backing up computer files to disk).
- Contractual transfer practices that transfer the legal and financial responsibility for a loss from the district to another individual or organization (i.e., hold harmless agreements –found on field trip permission forms and facilities use agreements, requiring facility users to provide proof of insurance, etc.).
- As indicated above, the district practices loss control in every program. The most common loss control practices are the use of permission forms, requiring insurance to rent facilities or participate in athletics, developing and implementing safety programs and reviewing programs/practices to ensure that the best loss control techniques are in place.