§ 2.34.030. Objectives.

The Kenai Peninsula Borough policy with respect to the management of all risks of accidental losses and/or claims shall have as its objectives:

A.

The protection of Kenai Peninsula Borough assets against the financial consequences of accidental losses and/or claims which are catastrophic in nature, and preserve the borough public service capabilities from loss, destruction or depletion;

B.

The reduction and minimizing of long-term cost to the Kenai Peninsula Borough through activities that will identify, control and prevent accidental losses and/or claims and their consequences;

C.

Through structured internal procedures, provide a constant reassessment of fluctuating exposure to losses and claims and the loss and claim bearing capacity of the borough as it relates to other financial resources such as insurance;

D.

Prorate and allocate the cost of retained losses and claims and the cost of insurance programs as determined from exposure units;

E.

Establish, to the extent possible, an exposure free work place and service environment for borough personnel and the user public, whereby safety and security may be enjoyed in the course of their daily pursuits.

(Ord. No. 89-9, § 1, 1989)