The Risk Management Division is a part of the Finance Department and administers all the County’s insurance programs and employee benefits plans. The Risk Management Division is charged with the responsibility of protecting the physical and financial assets of Marathon County and to provide for the safety of its workers and the general public.
As a goal, the County offers facilities and activities to the public that are safe and secure. The Risk Management Division works closely with personnel from other departments to identify areas of concern and find solutions to enhance public safety. The Risk Management Division also seeks to develop programs that create a safe workplace for all County employees as well.
Working in conjunction with other County personnel, programs are developed that protect the County’s assets from harm. Not only are programs developed that will reduce the number of losses that occur annually, but plans are also implemented that will lessen the impact of the losses that do occur.
The Risk Management Division employs a combination of financing techniques to pay for the losses that do occur. These techniques include a combination of fully insured programs, the use of large deductibles, self insured retention in conjunction with excess insurance, and self funded programs to finance the losses that do occur. The funding of these programs are reviewed on an annual basis. This ensures the funding levels are adequate to meet the expected claims. The continual review and analysis has enabled the County to establish a sound financial basis to meet these demands while providing cost effective insurance rates to help keep taxes down.
In addition to addressing the County’s property and casualty exposures, the Risk Management Division also administers all the employee benefit programs. The County offers its employees a full range of benefits including a health care benefit plan, a dental plan, group life insurance, long term disability, and a flexible spending account. Risk Management works with a number of insurance companies and third party administrators to provide County employees with a comprehensive benefit package.