Therefore, risk identification and evaluation of coverage is a continuous process. Each state agency, board, and commission is responsible for controlling losses. The exposure of the agency to various kinds of claims, and the amount of those claims. Control of these two areas affect future premiums. This catalog of insurance coverages and services describes the different kinds of insurance coverages available and the procedures to report a claim.
All coverages are mandatory as noted.
There are four basic types of risks of which state directors, managers, and supervisory personnel should be aware. These four main types of risks are not mutually exclusive, they are interrelated. Many accidents and claims involve losses in several risk areas. Personal property risks include motorized equipment, supplies and movable capital items such as desks, chairs, typewriters, and tools. Dishonest acts of state employees or private citizens may result in burglary, robbery, or embezzlement.