United States Department of Transportation
i
Risk Management Manual for the Public Transit Industry – Vol. 3
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1987-08-01
[PDF-6.66 MB]
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Abstract:The purpose of this 3-volumed Risk Management Manual is to acquaint transit systems with risk management and to explain how to develop, implement, and administer a risk management program. This final Volume (3) consists of Chapters 5-8. Chapter 5 addresses the transfer of risk through commercial insurance and non-insurance contracts. It reviews the evolution of the commercial insurance industry and discusses the more recent concept of risk transfer within a risk management program. It also reviews the general content and structure of a liability insurance policy and provides suggestions on how to review your policies. Chapter 6, Claims and Crisis management, describes the requirements for maintaining information to support risk management, and discusses the requirements for preparing for and responding to a crisis. Chapter 7 addresses the important issues involved in hiring a risk management consultant. It discusses when a consultant should be hired, and outlines the basic steps that should be performed when hiring a consultant. Chapter 8 provides a list of Risk Management Resources such as associations, organizations, publications, and educational materials. The Appendices in this volume are titled: Key Exposures and Types of Insurance Coverage; Occurrence and Claims-Made Liability Insurance; Insurance Policy Operations; and Sample Request for Proposal and Interview Guidelines for Prospective Consultants.
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