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INTRODUCTION Who is Risk Management? The Risk Management (RM) section of the Department of Finance in the Government of Nunavut (GN) is composed of three positions: a Manager, one Senior Risk Management Analyst and one Risk Management Analyst. The role of Risk Management: Risk Management has the responsibility to develop plans and tools to protect the GN against accidental loss that in the aggregate would significantly affect the budget or the ability of the government to continue to fulfill its responsibilities to taxpayers and the public. The GN’s general approach to risk management and insurance is to place more importance on loss prevention, instead of filing insurance claims. How does Risk Management fill that role? We have adopted a risk management model based on the Australian/New Zealand standard. Among other things, our RM model is helping us in identifying, analyzing and evaluating risks so that we can treat those risks. The same model is being used by the National Research Council of Canada (NRC) and by the Government of British Columbia. Insurance is an important element of Risk Management, but the name of the game is loss prevention. Examples of Risk Management services: Creation of a Facilities Risk Management Committee composed of representatives from several departments (RMC). The RMC together with Education established a policy about the use of firearms by students during school excursions. This policy has been adopted by Cabinet. RM people made a risk assessment of the Wildlife Officers’ duties and responsibilities RM is in charge of claims against or for the GN. For example, RM settled 2 500 “bad gasoline” claims. RM is also in charge of recovery attempts against parties that caused damages to the GN. RM is participating with Justice in the assessing of contractual risks. RM is building a database for a follow-up on loss prevention recommendations. Publishing a risk management bulletin on a quarterly basis. This web page was created to be a guideline for all departments, agencies, boards, corporations, and other stakeholders who are affiliated with the Government of Nunavut (GN). What are your reporting or insurance needs? Are you planning an IQ outing for staff? Are you a teacher or principal who requires student excursion forms? Are you a teacher who needs to report a student accident? Do you need to report a motor vehicle accident? Do you need to report property damage or a Break-and-Enter? Do you need to report a new liability claim? Do you need to report a business travel incident? Do you need information about the GN’s insurance policies? Risk Management updates and bulletins. Here is our contact info: Attn: Risk Management P. O. Box 2260 – Parnaivik building Iqaluit, Nunavut X0A 0H0 Department of Finance Government of Nunavut Tel: (867) 975-5809 Fax: (867) 975-5845 e-mail : RiskManagementAndInsurance@gov.nu.ca