One way to start the New Year off right is with a premium discount!
VRSA members can receive a discount on their premiums by completing the Risk Management Assessment (RMA). The RMA consists of 18 simple yes-or-no questions, such as: Does your entity have a vehicle use and authorization policy? Or: Does your entity have a process for reporting incidents involving safety, harassment, discrimination, or other similar issues?
Group self-insurance pools, such as VRSA, when first authorized through the Code of Virginia § 15.2- 2703, were created not just to provide insurance, but also “for the purpose of providing to the participating political subdivisions risk management services…” The RMA is a basic assessment local entities can take to help them in preventing and reducing losses.
Members demonstrating a 100 percent commitment to implementing these practices are eligible for a discount. The RMA can be completed at any time each year and is available on the VRSA website under Policy Admin. As users progress throughout the assessment, the score automatically updates.
It is important for the top manager of each entity to review the completed RMA to ensure they are aware of risks and best practices at the highest level.
For more information on the RMA, contact your risk services consultant at: 800-963-6800.