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Richland County risk director proposes centralized fleet policies, $1M VRF boost and insurance-budget adjustments
Summary
Director Britney Holt Terry proposed enterprise risk management measures including a new fleet and driver policy, a recommended $1 million addition to the Vehicle Replacement Fund plus a possible $300,000 capture for SRO vehicles, and adjustments to the self-insured claim budget to prepare for potential increases in state tort caps.
At the council's May 5 budget work session Risk Management Director Britney Holt Terry outlined a countywide enterprise risk-management approach and tied several budget recommendations to reducing future claims costs.
Terry said enterprise risk management will identify and assign ownership for risks across departments and allow leaders to prioritize resources and mitigations. As a near-term budget item she described a new fleet and driver policies…
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