Risk Management

Risk Management

Government / Departments / Risk Management

About Us

Risk Management is a division within the City’s Department of Finance. Risk Management’s responsibilities have grown to include more than just administering and providing the most affordable comprehensive insurance coverage for claims associated with general liability, workers compensation, health, life, dental, and disability. Risk Management also promotes safety and health programs for City Employees which helps minimize injury claims and ensure public safety by regularly conducting safety inspections, safety committee meetings, and training sessions.

Our Mission

Risk Management’s mission is to protect the City’s assets by promoting the safety and health of City employees, minimizing damage and injury claims, promoting public safety, and to efficiently and effectively administer affordable employee benefits.


Cost savings measures that do not impact the quality of programs are reviewed every year.

  • Participation in the Health Savings Account health plans increased, creating savings for both the City and employees while continuing quality medical benefits.
  • The Risk Management Division continued participation in the Medicare D reimbursement program, returning another $116,000 to the City to reduce retiree medical expenses.
  • We’ve added features for the upcoming plan year to make access to medical and prescription services more convenient at lower costs, increase adherence to recommended treatments, and increase long term savings.

Insurance Contracts

Insurance contracts shall be purchased after consideration of informal proposals from at least three (3) prospective insurers; provided, that prospective insurers are given an opportunity to submit their qualifications and estimates of cost to render the desired service.

Aboard of review composed of the risk manager, the director of finance, corporation counsel and the mayor, or their respective designees, shall, by majority vote, make all decisions regarding the proposals.  In the event that the city seeks to purchase insurance contracts insuring the interests of the Danbury Board of Education, the board of review for such purposes shall include the superintendent of schools, or his or her designee. Such board of review may waive the requirement of obtaining at least three (3) informal proposals where necessary due to unavailability or impracticability. Nothing herein shall be construed to prevent the Danbury Board of Education from acquiring insurance without regard to the provisions of this section if deemed by the board to be in the best interests of the Danbury School District.

(Ord. No. 425, 9-4-91)