The mission of the Risk Management Department is to identify, reduce, transfer, and assume risk exposures for the TPCG governmental entity. Our current structure involves:
retaining risk through self insurance
participating in risk through various deductible policies
transferring risk through various legal agreements and with insurance carriers
Our coverage's are broad in scope and cover most insurable exposures as previously stated.
Risk Management is also responsible for Group Benefits for our over 800 plus current and retired employees. This encompasses all benefits including future medical benefits for our retired employees. This program is administered through an outside administrator and the catastrophic risk is transferred to insurance carriers. Most of the program is self-funded which requires TPCG to accrue these liabilities on its balance sheet.
The department is combined with Human Resources and works collectively with Human Resources to review job classifications and identify safety issues based on performance requirements for current and future employees. A proactive Loss and Safety philosophy helps to reduce mitigation and prevent losses to the Parish. Our aggressive management of claims also compliments the safety philosophy, which balances out our risk profile and department goals.
Terrebonne Parish Consolidated Government retains partial self-insurance for Property, Casualty and Employee Group Health Benefits Insurance at the highest practical level. This department is responsible for:
an organized and aggressive loss control program
accident/injury prevention program
The present Employee Benefit package includes:
short term disability
long term disability
basic life insurance
The Parish also has voluntary coverage for Vision, Accidental Death and Term Life. All are covered under a cafeteria plan (Section 125).
The Risk Management Department manages a complex program whereby minimizing substantial insurance cost relating to its multi-million dollar operation through retention of risks in its various operational areas. The Department also works to:
reduce liabilities and protect Parish assets and employees through the maintenance of healthy and safe working conditions
safety and prevention training for the reduction of Worker's Compensation and Liability claims
effective processing and investigation of medical and litigated claims