Budgeting for Risk • What to Consider
Budgeting for Risk • What to Consider
A key component of risk management is the transfer of risk. For Ontario Municipalities, this typically means purchasing insurance. In this webinar, we will examine the key components or risk and discuss strategies for financing this risk.

Further to this, the webinar will explore tools that can be leveraged to move from estimates provided closer to renewal each year to strategic planning for both insurance premium costs and below deductible costs. We will review the use of reserves and the impact deducible changes have for future budgeting years.

What You will Learn: Several key learning areas are to be touched upon in this workshop, which include:
  • Understanding the total cost of risk;
  • Understand how insurance providers rate risk;
  • What studies can be undertaken to assist in strategic planning for risk; and
  • Understanding the impacts of changes to the operation on risk.

Who Should Attend:
  • Municipal staff responsible for budgeting and risk management

Benefits of Attending:

Participants can expect to:
  • Have a clear understanding on risk transfer
  • Basic knowledge to begin developing internal tools to better finance risk.
  • Free for MFOA Members 
  • $50 for Non Members

About your Panel Moderators:

Shannon Devane is a Program Manager – Municipal Risk Management with LAS – AMO’s business services arm. Shannon has over 20 years of professional experience working with and for municipalities in Ontario on all things risk. Prior to joining AMO LAS, Shannon was the Risk Manager for the City of Vaughan.

Sonia Coward is the Insurance & Risk Manager for the Regional Municipality of Durham and is also the Risk and Insurance Administrator for the Durham Municipal Insurance Pool for over 20 years. Prior to joining the Region, Sonia worked for several multi-national insurance companies in their claims and risk management department.
Discounted member price: 0.00
You could save: 100.0%

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