The Risk Control Dividend “RCD” Program
Effective with July 1, 2010 commercial liability policy renewals, policyholders can apply online for a risk control dividend to get credit for the housing authority’s risk control effort. Participation in the process is optional and is at the discretion of the housing authority management.
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
- 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
- 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
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
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
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
Reduced loss is the greatest cost benefit - fewer dollars paid for
losses means lower premiums.