Town of Natural Bridge takes Gold in managing risk

NATURAL BRIDGE - The Town of Natural Bridge was recently awarded a Gold Risk Management Award by the insurance divisions of the Alabama League of Municipalities (ALM), the highest award in ALM’s Risk Management Award System.
Approximately 800 public entities participate in one or both of the ALM’s sponsored insurance programs, which are the Municipal Workers Compensation Fund (MWCF) and the Alabama Municipal Insurance Corporation (AMIC). The Board of Directors of both programs approved the establishment of a Risk Management Award system in 2002.
The award system recognizes those members who have instituted risk management and loss control activities in an effort to reduce their loss ration, which not only benefits the member’s loss ration but also the overall success of the insurance programs.
Through the efforts of the Town of Natural Bridge, employee, property and liability losses are being minimized, and most importantly, employees and citizens are reaping the rewards of a safer workplace and community.
Recipients of the President’s Risk Management Award, which included the top five percent of members with minimal losses for a five year period, received a specially designed memento.
Three additional levels of achievement were also recognized: Gold, Silver and Bronze.
The Gold level, which Natural Bridge achieved, is earned with a loss ration of below five percent.
The Silver and Bronze levels recognizes loss ratios of five to 20 percent and 20 to 40 percent, respectively.
Recipients in these categories receive a plaque for the first year they are acknowledged and then a plate to be attached to the plaque for subsequent years.
Based in Montgomery, the ALM was organized in 1953 and serves as the recognized voice of the cities and towns in Alabama. Representing more than 455 member municipalities, the League works to secure enactment of legislation enabling all cities and towns to perform their functions more efficiently and effectively; offers specialized training for both municipal officials and employees; holds conferences and meetings at which views and experiences may be exchanged; and conducts continuing studies of the legislative, administrative and operational needs, problems and functions of Alabama’s municipal governments.
For more information, visit www.almon line.org.