RCD Application Tool

Members will still be able to apply for the dividend for risk control. Housing authorities with commercial liability coverage through HARRG can apply for the dividend online. The application tool was developed in-house by the IT and Risk Control Departments.

The application tool enables you to:

• Maintain an online record from year to year of risk control work done
• Answer an online set of questions; upload documents and attach to specific application questions
• Apply for a dividend relating to specific standards or parts of the standard
• Receive a report with feedback on what areas could be improved
• Receive a dividend after your premium is calculated making it easier to understand how much you received
• Receive a check rather than a percent off the insurance bill for your commercial liability insurance making it more visible to those involved in the risk management process.

Risk Control Standards

For your risk control program to get the dividend, the Five Risk Control Standards must be maintained. In order to earn the dividend for your risk control program, it is important you become familiar with the standards and their subparts.

The maximum dividend is 15% of your commercial liability portion of the premium of your “Renewal Policy” applicable to Coverage Sections A and B as set forth in the Declarations Page of your “Renewal Policy.”

Meeting the standards will take time, coordination throughout the organization, sincere belief in good management, and (most importantly) support from top management. But, by working towards meeting the various standards, your organization will reach greater levels of efficiency, reduce losses, and reduce the potential for losses. 

Reduced loss is the greatest cost benefit - fewer dollars paid for losses means lower premiums.