Running a local authority, region or central government enterprise entails risks that vary significantly from private sector risks in several areas. Although political and administrative managers are aware of these areas, the paramount challenge is to create a coordinated overview while addressing the associated responsibility.
The size of the local authorities and regions created by the local government reform of 1 January 2007 has generated large volumes and more administrative resources that provide scope for thinking in terms of new forms of financing as well more extensive and better targeted prevention and risk management activities. Indeed, the precise aim of the reform was to realise economies of scale and, with risk management as the management philosophy, security and growth could be achieved at a time of major change.
However, there is no escaping the fact that financial incentive is a significant factor whenever risk management is brought up. The consequential costs of a loss, which typically are not insured, can be reduced. Examples are the costs of temporary inability to work, sickness benefit costs or the difficulty of re-establishing a pre-loss situation.
Similarly, there are savings to be made on the insurance expense itself. We can already see the results of recent years’ risk management measures in many local authorities and regions. The impact of the financial incentive is also apparent elsewhere.
Today we know that having a good risk assessment conducted before becoming party to procurement agreements, contracts and construction projects can save a lot of money and frustration, and we will see good, effective risk assessment generating financial gains in growth areas such as commercial land, labour recruitment, development of residential districts and much more.
At dahlberg we have many years’ experience and specialist know-how in the public sector and extensive knowledge about the tasks and challenges that public sector enterprises face every day. For this reason we have developed an innovative concept based extensively on the wishes, capabilities and complexity of individual public sector enterprises. This concept allows us to offer targeted, customised professional sparring and advice on such issues as risk management and enterprise risk management to local government executives and staff.
We also offer…
- training in risk management and insurance
- insurance administration
- strategy development and implementation in the organisation
- individual needs
- based insurance solutions
- protection for assets, employees, earnings and other interests
- calls for tenders/EU tenders