Risk Management Policies


The risk management policy assures proper insurance coverage of Township assets while minimizing risk and cost. 


Insurance policies will be analyzed regularly to assure proper coverage and deductibles on Township assets.

The Township will maintain the highest deductible amount, considered prudent in light of the relationship between the cost of insurance and the Township's ability to sustain the loss.

The Township will maintain a Risk Management Fund to pay all insurance premiums and deductibles for the Township except employee hospitalization insurance benefits. The Risk Management Fund will charge department activities for their estimated insurance cost.

The Risk Management Fund will finance the replacement of any Township assets, which are not covered under insurance policies, which are destroyed or stolen. (Self-insure).