About Loss Prevention
Agency losses stem from a variety of causes, but typically fall into four broad categories:
- Damage to Property - Physical damage to aircraft, boilers & machinery, buildings, vehicles, and other state property.
- Liability to Others - Legal liability to others arising from negligent acts or omissions.
- Loss of Income or Increased Costs - Loss of revenue from income producing operations.
- Worker's Compensation Claims - Employee accidents and injuries.
Through effective loss prevention programs, state agencies can reduce the underlying risk factors that often precede claims or losses; thus saving tax dollars and other resources.
The Public Entity Risk Institute (PERI) provides information and worksheets on evaluating public sector risks. Agencies may find this a helpful guide to augment other tools and information used for evaluating risk and establishing risk management goals; Risk Identification and Analysis: A Guide for Small Public Entities.
The Risk Management & Tort Defense Division has reviewed trends and collected information from agencies and universities to develop a risk map which identifies core risks in state government and the Montana University System. Please click here to view the map. In addition, the division provides consultative services, training, on-site inspections, and risk exposure evaluations.
Please contact our Loss Prevention Staff for additional information.
