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GOLF COURSE INSURANCE & RISK MANAGEMENT January 29, 2011 11:45- 12:45

GOLF COURSE INSURANCE & RISK MANAGEMENT January 29, 2011 11:45- 12:45. TODAY’S AGENDA. INTRODUCTION LOSS ANALYSIS FOR THE INDUSTRY LARGE LOSS LESSONS LEARNED WHY RISK MANAGEMENT? FACILITY LOSS CONTROL SURVEYS PASS – PERIL ASSESSMENT SCORING SYSTEM WRAP-UP.

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GOLF COURSE INSURANCE & RISK MANAGEMENT January 29, 2011 11:45- 12:45

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  1. GOLF COURSE INSURANCE & RISK MANAGEMENT January 29, 201111:45- 12:45

  2. TODAY’S AGENDA • INTRODUCTION • LOSS ANALYSIS FOR THE INDUSTRY • LARGE LOSS LESSONS LEARNED • WHY RISK MANAGEMENT? • FACILITY LOSS CONTROL SURVEYS • PASS – PERIL ASSESSMENT SCORING SYSTEM • WRAP-UP

  3. GENERAL LIABILITY LOSSES12 MONTH LOOK BACK – >$25,000.00 13% of All General Liability claims for the period.

  4. GENERAL LIABILITY LOSSES12 MONTH LOOK BACK – <$25,000.00“TOP 15” 87% of All General Liability claims for the period.

  5. PROPERTY COVERAGE LOSSES12 MONTH LOOK BACK – >$25,000.00 18% of All Property Claims for the period.

  6. PROPERTY COVERAGE LOSSES12 MONTH LOOK BACK – <$25,000.00 82% of All Property Claims for the period.

  7. LARGE LOSS LESSONS LEARNED

  8. LARGE LOSS LESSONS LEARNED

  9. A DECREASE in the # of Losses. A DECREASE in the hidden costs associated with Losses (The Hidden Iceberg - Hidden costs can run 5 to 10 times the cost of the claim) • Fines, legal fees • Loss of customer • Loss of goodwill • Increased cost of insurance • Deductibles • Replacement cost of workers INCREASE IN PROFITS! Benefits of Risk Management Program

  10. Club Loss Control Surveys Critical in identifying and correcting hazards. Focus on unsafe work practices and physical conditions. Surveys can save lives. Use this risk management tool to: • Identify and correct unsafe conditions and work practices before an accident occurs (patron & employees); • Evaluate the effectiveness of your current safety training; and • Assess to what extent employees follow safety rules.

  11. PASS – Peril Assessment Scoring System • The PGA PASS is a customer-focused web-based risk management product and only available through the PGA • PASS is designed to lead the the Club through the traditional risk management process by offering the user a questionnaire that empowers them with the tools needed to become the “Risk Management Executive”. • This personalized Web-based PASS will quantify your key exposures and controls highlighting positive attributes. • Produce solutions to reduce your club’s overall exposure to loss. • You will have these solutions at your finger tips to answer and resolve risk management issues within minutes with the finished product being a high level report.

  12. PASS – Peril Assessment Scoring System PASS PGA LIVE DEMO LOG IN

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