RISK MANAGEMENT MANUAL FOR THE PUBLIC TRANSIT INDUSTRY. VOLUME 3

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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• Record URL:
  • https://rosap.ntl.bts.gov/view/dot/603
• Supplemental Notes:
  • Volume 3 of a 3 volume report. Prepared in association with Advanced Risk Management Techniques, Cambridge Systematics, Inc., Public Risk and Insurance Management Association and Peter Schauer Associates.
• Corporate Authors:

  MacDorman and Associates

  4808 North 29th Street
  Arlington, VA  United States  22207

  Urban Mass Transportation Administration

  400 7th Street, SW
  Washington, DC  United States  20590
• Publication Date: 1988-8-1

Subject/Index Terms

• TRT Terms: Insurance; Insurance claims; Insurance industry; Liability; Loss and damage claims; Losses; Manuals; Public transit; Risk management
• Identifier Terms: Urban Mass Transportation Act
• Old TRIS Terms: Umta section 6
• Subject Areas: Law; Operations and Traffic Management; Public Transportation;

Filing Info

• Accession Number: 00477589
• Record Type: Publication
• Source Agency: Urban Mass Transportation Administration
• Report/Paper Numbers: UMTA-MA-06-0173-88-3, DOT-T-88-25
• Contract Numbers: UMTA-MA-06-0173-88-3
• Files: NTL, TRIS, USDOT
• Created Date: Nov 30 2003 12:00AM