Risk Management
County Administration Building
300 Monroe Avenue NW
Grand Rapids, MI 49503
Phone: (616) 632-7670
Fax: (616) 632-7665
Mission Statement
To administer the risk management activities including the procurement of insurance, claim payments, safety and loss prevention in the best interest of the County.
Overview
The Risk Management office identifies, evaluates, and attempts to reduce risk exposures for County departments and facilities. The Risk Management office administers the self-funded and commercial insurance programs, which include property, liability, auto, and workers’ compensation. In addition, the office administers the safety compliance program, manages claims, and initiates loss prevention.
In addition to its administration and reporting duties, the Risk Management budget also includes benefit costs, including retirement personnel group health insurance, prescription benefits, the dental plan, long term disability, and unemployment benefits.
Goals
- To mitigate risk exposure
- To reduce the frequency and severity of claims
- To reduce lost workdays due to occupational illness or injury
2010 Adopted Uses: $26,087,878
2010 Adopted Revenues: $24,641,079
Selected Performance Measures
Performance Measure |
2007 Actual |
2008 Actual |
2009 Actual |
2010 Expected |
|---|---|---|---|---|
| Average cost of workers comp indemnity claim | $2,733 |
$3,505 |
$2,765 |
$2,727 |
| Average cost of workers comp medical claim | $1,029 |
$1,347 |
$801 |
$1,094 |
| Lost workdays per workers comp indemnity claim | 27.26 |
56.72 |
33.38 |
<28.41 |
| Average cost of auto physical damage claim | $1,089 |
$1,161 |
$1,222 |
$1,208 |
| Average cost of liability claim | $247 |
$1,892 |
$2,788 |
$1,231 |
| Claims processed per employee (2 FTE) | 148.5 |
143.5 |
116.0 |
140.0 |
Department History of Uses
| Uses |
2007 Actual |
2008 Actual |
2009 Adopted |
2010 Adopted |
|---|---|---|---|---|
Personnel |
$319,075 |
$267,531 |
$344,715 |
$365,508 |
Commodities |
763 |
578 |
965 |
962 |
Contractual Services |
20,768,997 |
23,351,618 |
23,472,136 |
25,643,008 |
Other Expense |
74,645 |
77,361 |
80,365 |
78,400 |
Total Uses |
$21,163,480 |
$23,699,346 |
$23,898,181 |
$26,087,878 |
Personnel FTE |
2 |
2 |
2 |
2 |
History of Uses (in millions)
Significant Budget Issues
The Fiscal Year 2010 Adopted Budget projects that fund balances will be spent down by $1.4 million, this is intentionally designed to bring fund balances to the equivalent of 60-days operating expenses.
