Harpersville receives Gold Risk Management Award
FROM STAFF REPORTS
HARPERSVILLE – The town of Harpersville was recently awarded a Gold Risk Management Award by the insurance divisions of the Alabama League of Municipalities.
About 780 public entities participate in one or both of the ALM-sponsored insurance programs, which are the Municipal Workers Compensation Fund and the Alabama Municipal Insurance Corporation.
The boards of directors of both insurance programs approved the establishment of a Risk Management Award system in 2002.
The award system recognizes those members who have instituted risk management and loss control activities in an effort to reduce their loss ratio.
Risk management and loss control activities not only benefit the member’s loss ratio but also the overall success of the League-sponsored insurance programs.
Through the efforts of the city of Harpersville, employee, property and liability losses are being minimized; and—most importantly—employees and residents are reaping the rewards of a safer workplace and community.
Recipients of the President’s Risk Management Award, which included the top 5 percent of those members with minimal losses for a five-year period, received a specially designed memento.
Three additional levels of achievement—Gold, Silver and Bronze—were also recognized. Recipients in these categories receive a plaque for the first year they are acknowledged and then a plate to be attached to the plaque for subsequent years.
The Gold, Silver and Bronze levels were for loss ratios of below 5 percent, 5-20 percent and 20-40 percent, respectively.
For more information about the Alabama League of Municipalities, visit AlaLM.org.